Understanding Corporate Risk: A Study of Risk Measurement, Disclosure and Governance

Description

This book proposes three normative frameworks pertaining to risk-measurement, disclosure and governance using expert opinion and data from the top 429 non-financial companies (of the NIFTY 500 index) over a 10-year period. The book offers a novel contribution to the global literature on disclosure quality by presenting a composite measure of the quality as well as quantity of risk disclosures. Focusing on the quality of risk disclosures and risk governance structures, and using sophisticated methodology to tackle the issue of endogeneity, the book explores the important yet uncharted confluence of accounting information, risk and corporate governance. It addresses the interplay between three facets of risk, and is corroborated by practitioners’ perspectives as well as case studies. It is an excellent resource for practitioners, professionals and policy-makers, in addition to researchers working on the topic. Front Matter ....Pages i-xxx Introduction to the Study (M. V. Shivaani, P. K. Jain, Surendra S. Yadav)....Pages 1-8 Research Methodology (M. V. Shivaani, P. K. Jain, Surendra S. Yadav)....Pages 9-20 Normative Framework for Risk Index and Its Empirical Analysis (M. V. Shivaani, P. K. Jain, Surendra S. Yadav)....Pages 21-63 Normative Framework for Risk Disclosure Index and Its Empirical Analysis (M. V. Shivaani, P. K. Jain, Surendra S. Yadav)....Pages 65-167 Normative Framework for Risk Governance Index and Its Empirical Analysis (M. V. Shivaani, P. K. Jain, Surendra S. Yadav)....Pages 169-203 Examining Risk–Return Relationship (M. V. Shivaani, P. K. Jain, Surendra S. Yadav)....Pages 205-221 Moderating Role of Governance in Risk-Disclosure Relationship (M. V. Shivaani, P. K. Jain, Surendra S. Yadav)....Pages 223-249 Practitioners’ Perspective on Risk (M. V. Shivaani, P. K. Jain, Surendra S. Yadav)....Pages 251-275 Case Studies (M. V. Shivaani, P. K. Jain, Surendra S. Yadav)....Pages 277-308 Summary and Conclusion (M. V. Shivaani, P. K. Jain, Surendra S. Yadav)....Pages 309-318 Back Matter ....Pages 319-334