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International Journal of Law and Management: Gender diversity, corporate governance and financial risk disclosure in the UK
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Abstract
Purpose – This study aims to investigate the impact of corporate governance (CG) mechanisms on financial
risk reporting in the UK.
Design/methodology/approach – The study uses a panel data of 50 non-financial firms belonging to
10 industrial sectors listed on the London Stock Exchange in the period 2011-2015. Multivariate regression
techniques are used to examine the relationships.
Findings – The findings of this study reveal that CG has a significant influence on financial risk disclosure.
Specifically, it is found that block ownership and board gender diversity have a positive effect on the level of
corporate financial risk disclosure (FRD). While there is no significant relationship between board size and
corporate FRD.
Research limitations/implications – This study has significant implications for policy-makers,
investors and regulators. Evidence of growing FRD implies that efforts by several stakeholders have had
some positive impact on the level of FRD in the firms examined. Examples of such changes include, namely,
increasing board size and gender diversity acting as effective firm level advisors and monitors of FRD. As a
consequence, regulators and policymakers should continually pursue reforms to encourage firms to follow CG
principles that are promoted as good practice.
Originality/value – This study adds to the emerging body of literature on CG–risk disclosure
relationships in the UK context using content analysis. The study also highlights that gender diversity
enhances FRD.
Idris M. Bufarwa - Personal Name
NONE
Text
ENGLISH
EMERALD INSIGHT
2020
ENGLAND
JURNAL ILMU HUKUM
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APA Citation
Idris M. Bufarwa. (2020).International Journal of Law and Management:
Gender diversity, corporate
governance and financial risk
disclosure in the UK.(Electronic Thesis or Dissertation). Retrieved from https://localhost/etd