COVID-19 disclosure : a novel measurement and annual report uncertainty
Abstract
This paper provides a unique COVID-19 disclosure measurement and investigates the association between the level of COVID-19 disclosure and uncertainty within annual reports for UK FTSE-All share non-financial firms. We used automated textual analysis to score the sampled annual reports. The results show that the level of COVID-19 disclosure varies from industry to industry. Furthermore, there is a positive relationship between COVID-19 disclosure and uncertainty in annual reports. Firms with larger boards exhibit more significant uncertainty in annual reports with COVID-19 disclosure. However, the significance of uncertainty in annual reports with COVID-19 disclosure remains at the same level with different board independence percentages. The unique findings of this paper are extremely relevant to governments, shareholders, policymakers, suppliers, and creditors.
Citation
Elmarzouky , M , Albitar , K , Karim , A E & Moussa , A S 2021 , ' COVID-19 disclosure : a novel measurement and annual report uncertainty ' , Journal of Risk and Financial Management , vol. 14 , no. 12 , 616 . https://doi.org/10.3390/jrfm14120616
Publication
Journal of Risk and Financial Management
Status
Peer reviewed
ISSN
1911-8074Type
Journal article
Collections
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