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Moderating Role of Governance in Risk-Disclosure Relationship

  • M. V. ShivaaniEmail author
  • P. K. Jain
  • Surendra S. Yadav
Chapter
Part of the India Studies in Business and Economics book series (ISBE)

Abstract

This chapter aims to explore the relationships among risk disclosure index, risk governance index and risk index. In view of the possible endogeneity problem, diff-GMM regression has been used. The empirical analysis reveals that current risk levels of a company are significantly and positively associated with risk levels of immediately preceding year. It is noteworthy that risk governance index acts as a moderating variable, influencing the relationship between disclosure index and risk levels. In addition, current disclosure levels are significantly and positively associated with previous year’s disclosure. This supports the view of symbolic rather than substantive disclosures.

Keywords

Risk disclosure Risk index Risk governance Endogeneity Diff-GMM Moderating variable 

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Copyright information

© Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  • M. V. Shivaani
    • 1
    Email author
  • P. K. Jain
    • 2
  • Surendra S. Yadav
    • 3
  1. 1.Indian Institute of Management (IIM), VNIT CampusNagpurIndia
  2. 2.Department of Management StudiesIndian Institute of Technology DelhiNew DelhiIndia
  3. 3.Department of Management StudiesIndian Institute of Technology DelhiNew DelhiIndia

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