View of Effects of Risk Disclosure Quality on Firm Performance : A Case Study of Listed Companies in the Stock Exchange of Thailand

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Effects of Risk Disclosure Quality on Firm Performance : A Case Study of Listed Companies in the Stock Exchange of Thailand

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Teerapan Ungphakorn^*, Trairong Swatdikun², Suchita Manajit³, Wichanee Iamchum⁴ Received: May 19,2017, Revised: September 2,2017, Accepted : October 27,2017

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* Assistant Professor, Mahasarakham Business School, Mahasarakham University

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Abstract

Risk disclosure is a key element in risk management which appropriate procedure can lead to competitive advantage to the firm. This research collected 174 data set between 2012 and 2013 from listed companies which listed in SET100 index. Data analysis reveals that 3,670 words of risk has been disclosure in the annual report. Relative quantity index can be estimated at 0.2586. Density index can be assessed at 0.5919, where depth index can be projected at 0.9827. Hypothesis testing cannot confirmed that is an impact of risk disclosure quality on firm performance.

Keywords :

Risk disclosure quality, firm performance, risk management

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