Mapping the intellectual structure of corporate risk reporting research: a bibliometric analysis

Abstract

This paper conducts a bibliometric analysis and a review of existing literature focusing on past 20 years (2000–2019) of research on corporate risk disclosures. The bibliometric data are gathered from two of the most widely referred repositories: Web of Science (WoS) and Scopus. The paper analysed various performance parameters such as research growth, most productive and highly cited authors, top source journal, affiliation analysis (institution-wise and country-wise), annual publication output, country affiliation analysis, document-based citation analysis, cited author-based co-citation Analysis and Top 30 highly influential papers from both databases WoS and Scopus. Apart from this, based on bibliometric analysis, authors’ country of origin, document-based citation analysis and cited authors-based co-citation analysis are visualized using VOSviewer software. This paper also listed thirty highly cited titles from both the databases.

Appendices

Appendix 1: Top 30 most highly cited papers in WoS

R	Author/s	Year	Title	Journal	TC
1	Elshandidy, T; Fraser, I; Hussainey, K	2016	Aggregated, voluntary, and mandatory risk disclosure incentives: Evidence from UK FTSE all-share companies	International Review of Financial Analysis	39
2	Ntim, CG; Lindop, S; Thomas, DA	2016	Corporate governance and risk reporting in South Africa: A study of corporate risk disclosures in the pre- and post-2007/2008 global financial crisis periods	International Review of Financial Analysis	37
3	Abraham, S; Shrives, PJ	2016	Improving the relevance of risk factor disclosure in corporate annual reports	British Accounting Review	33
4	Chess, C	2018	Organizational theory and the stages of risk communication	Risk Analysis	33
5	Elshandidy, T; Neri, L	2017	Corporate Governance, Risk Disclosure Practices, and Market Liquidity: Comparative Evidence from the UK and Italy	Corporate Governance-An International Review	28
6	Elshandidy, T; Fraser, I; Hussainey, K	2016	What drives mandatory and voluntary risk reporting variations across Germany, UK and US?	British Accounting Review	16
7	Allini, A; Rossi, FM; Hussainey, K	2016	The board's role in risk disclosure: an exploratory study of Italian listed state-owned enterprises	Public Money & Management	12
8	Raemaekers, K; Maroun, W; Padia, N	2015	Risk disclosures by South African listed companies post-King III	South African Journal of Accounting Research	12
9	Moumen, N; Ben Othman, H; Hussainey, K	2018	The value relevance of risk disclosure in annual reports: Evidence from MENA emerging markets	Research in International Business And Finance	11
10	Hill, P; Short, H	2018	Risk disclosures on the second tier markets of the London Stock Exchange	Accounting and Finance	11
11	Horing, D; Grundl, H	2018	Investigating Risk Disclosure Practices in the European Insurance Industry	Geneva Papers on Risk and Insurance-Issues and Practice	8
12	Hemrit, W; Ben Arab, M	2017	The disclosure of operational risk in Tunisian insurance companies	Journal of Operational Risk	8
13	Kallenberg, K	2016	The role of risk in corporate value: A case study of the ABB asbestos litigation	Journal of Risk Research	8
14	Abdallaha, AAN; Hassanb, MK; McClellanda, PL	2016	Islamic financial institutions, corporate governance, and corporate risk disclosure in Gulf Cooperation Council countries	Journal of Multinational Financial Management	7
15	Sale, HA; Langevoort, DC	2016	We Believe: Omnicare, legal risk disclosure and corporate governance	Duke Law Journal	6
16	Tauringana, V; Chithambo, L	2018	Determinants of risk disclosure compliance in Malawi: a mixed-method approach	Journal of Accounting In Emerging Economies	6
17	Martikainen, M; Kinnunen, J; Miihkinen, A; Troberg, P	2017	Board's financial incentives, competence, and firm risk disclosure Evidence from Finnish index listed companies	Journal of Applied Accounting Research	5
18	Saggar, R; Singh, B	2016	Corporate governance and risk reporting: Indian evidence	Managerial Auditing Journal	3
19	Carmona, P; de Fuentes, C; Ruiz, C	2016	Risk disclosure analysis in the corporate governance annual report using fuzzy-set qualitative comparative analysis	Rae-Revista De Administracao De Empresas	3
20	Lombardi, R; Coluccia, D; Russo, G; Solimene, S	2015	Exploring Financial Risks from Corporate Disclosure: Evidence from Italian Listed Companies	Journal of The Knowledge Economy	3
21	Nahar, S; Jubb, C; Azim, MI	2018	Risk governance and performance: a developing country perspective	Managerial Auditing Journal	3
22	Neifar, S; Jarboui, A	2018	Corporate governance and operational risk voluntary disclosure: Evidence from Islamic banks	Research in International Business and Finance	2
23	Cordazzo, M; Papa, M; Rossi, P	2018	The interaction between mandatory and voluntary risk disclosure: a comparative study	Managerial Auditing Journal	2
24	Marzouk, M	2017	Risk reporting during a crisis: evidence from the Egyptian capital market	Journal of Applied Accounting Research	2
25	Viljoen, C; Bruwer, BW; Enslin, Z	2016	Determinants of enhanced risk disclosure of JSE Top 40 Companies: the board risk committee composition, frequency of meetings and the chief risk officer	Southern African Business Review	2
26	Dobler, M; Lajili, K; Zeghal, D	2016	Corporate environmental sustainability disclosures and environmental risk Alternative tests of socio-political theories	Journal of Accounting and Organizational Change	2
27	Ho, VH	2016	Nonfinancial Risk Disclosure and the Costs of Private Ordering	American Business Law Journal	1
28	Mazumder, MMM; Hossain, DM	2018	Research on Corporate Risk Reporting: Current Trends and Future Avenues	Journal of Asian Finance Economics and Business	1
29	Yang, R; Yu, Y; Liu, ML; Wu, K	2017	Corporate Risk Disclosure and Audit Fee: A Text Mining Approach	European Accounting Review	1
30	Bravo, F	2016	Are risk disclosures an effective tool to increase firm value?	Managerial and Decision Economics	1

1. R Rank, TC Total citations

Appendix 2: Top 30 most highly cited papers in Scopus

R	Authors	Year	Title	Source title	TC
1	Abraham S., Cox P	2007	Analysing the determinants of narrative risk information in UK FTSE 100 annual reports	British Accounting Review	147
2	Solomon J.F., Solomon A., Norton S.D., Joseph N.L	2000	A conceptual framework for corporate risk disclosure emerging from the agenda for corporate governance reform	British Accounting Review	87
3	Campbell J.L., Chen H., Dhaliwal D.S., Lu H.-M., Steele L.B	2014	The information content of mandatory risk factor disclosures in corporate filings	Review of Accounting Studies	82
4	Ntim C.G., Lindop S., Thomas D.A	2013	Corporate governance and risk reporting in South Africa: A study of corporate risk disclosures in the pre- and post-2007/2008 global financial crisis periods	International Review of Financial Analysis	71
5	Elzahar H., Hussainey K	2012	Determinants of narrative risk disclosures in UK interim reports	Journal of Risk Finance	64
6	Oliveira J., Rodrigues L.L., Craig R	2011	Risk-related disclosures by non-finance companies: Portuguese practices and disclosure characteristics	Managerial Auditing Journal	57
7	Dobler M., Lajili K., Zéghal D	2011	Attributes of corporate risk disclosure: An international investigation in the manufacturing sector	Journal of International Accounting Research	56
8	Deumes R	2008	Corporate risk reporting: A content analysis of narrative risk disclosures in prospectuses	Journal of Business Communication	56
9	Elshandidy T., Fraser I., Hussainey K	2013	Aggregated, voluntary, and mandatory risk disclosure incentives: Evidence from UK FTSE all-share companies	International Review of Financial Analysis	52
10	Hassan M.K	2009	UAE corporations-specific characteristics and level of risk disclosure	Managerial Auditing Journal	51
11	Abraham S., Shrives P.J	2014	Improving the relevance of risk factor disclosure in corporate annual reports	British Accounting Review	39
12	Elshandidy T., Neri L	2015	Corporate Governance, Risk Disclosure Practices, and Market Liquidity: Comparative Evidence from the UK and Italy	Corporate Governance: An International Review	38
13	Chess C	2001	Organizational theory and the stages of risk communication	Risk Analysis	37
14	Linsley P.M., Shrives P.J	2005	Examining risk reporting in UK public companies	Journal of Risk Finance	36
15	Mokhtar E.S., Mellett H	2013	Competition, corporate governance, ownership structure and risk reporting	Managerial Auditing Journal	31
16	Miihkinen A	2013	The usefulness of firm risk disclosures under different firm riskiness, investor-interest, and market conditions: New evidence from Finland	Advances in Accounting	30
17	Linsley P.M., Shrives P.J	2005	Transparency and the disclosure of risk information in the banking sector	Journal of Financial Regulation and Compliance	29
18	Rajab B., Handley-Schachler M	2009	Corporate risk disclosure by UK firms: Trends and determinants	World Review of Entrepreneurship, Management and Sustainable Development	27
19	Al-Hadi A., Hasan M.M., Habib A	2016	Risk Committee, Firm Life Cycle, and Market Risk Disclosures	Corporate Governance: An International Review	20
20	Konishi N., Ali Md.M	2007	Risk reporting of Japanese companies and its association with corporate characteristics	International Journal of Accounting, Auditing and Performance Evaluation	19
21	Allini A., Manes Rossi F., Hussainey K	2016	The board's role in risk disclosure: an exploratory study of Italian listed state-owned enterprises	Public Money and Management	18
22	Carlon S., Loftus J.A., Miller M.C	2003	The challenge of risk reporting: Regulatory and corporate responses	Australian Accounting Review	16
23	Probohudono A.N., Tower G., Rusmin R	2013	Risk disclosure during the global financial crisis	Social Responsibility Journal	15
24	Combes-Thuélin E., Henneron S., Touron P	2006	Risk regulations and financial disclosure: An investigation based on corporate communication in French traded companies	Corporate Communications	15
25	Khlif H., Hussainey K	2016	The association between risk disclosure and firm characteristics: A meta-analysis	Journal of Risk Research	14
26	Abdallah A.A.-N, Hassan M.K., McClelland P.L	2015	Islamic financial institutions, corporate governance, and corporate risk disclosure in Gulf Cooperation Council countries	Journal of Multinational Financial Management	10
27	Hassan M.K	2014	Risk narrative disclosure strategies to enhance organizational legitimacy: Evidence from UAE financial institutions	International Journal of Disclosure and Governance	10
28	Hemrit W., Ben Arab M	2011	The disclosure of operational risk in Tunisian insurance companies	Journal of Operational Risk	9
29	Al-Maghzom A., Hussainey K., Aly D	2016	Corporate governance and risk disclosure: Evidence from Saudi Arabia	Corporate Ownership and Control	8
30	Hernández Madrigal M., Aibar Guzmán B., Aibar Guzmán C	2015	Determinants of corporate risk disclosure in large Spanish companies: A snapshot	Contaduria y Administracion	8

1. R Rank, TC Total citations