Corporate Governance Mechanisms, Ownership Structure, And Corporate Risk Disclosure: Evidence From The Kingdom Of Saudi Arabia

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.