An assessment of risk and risk management information disclosure of com-panies listed in Nasdaq OMX Baltic and Euronext Brussels

Abstract

The main goal of this paper is to discuss theoretically and to evaluate empirically the differences of risk and risk management information disclosure (RRMID) among companies listed in Nasdaq OMX Baltic and Euronext Brussels and to determine factors influencing such differences. Authors use analysis and systemization of scientific literature, induction, content analysis and coding procedure for risk and risk management information disclosure assessment, correlation and regression analyses. It was determined that companies listed in Euronext Brussels disclose more risk and risk management (RRM) information, RRM related disclosures are more qualitative, focused on past or present events and has neutral meaning in both markets. Companies also disclose more information about risks itself than about risk management. Finally, only companies’ size and presence of audit committee are significant factors influencing RRMID.