Abstract:
The rapid changes in business environment make companies more relying on
financial instruments and international transactions, which raise the importance of
the risk reporting issues. Moreover, the major accounting scandals and corporate
collapses of the early 2000’s and the global financial crisis of 2008-2009, have
attracted increased attention of the risk disclosure and risk management practices.
Although risk reporting practices have attracted a great deal of interest, less attention
has been paid to empirical research on Corporate Risk Disclosure (CRD), which
mostly conducted in developed countries. This study deals with this gap through
investigating CRD practices in a developing country with different social, economic,
and institutional contexts, namely, the Kingdom of Saudi Arabia.
