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COVID-19 Disclosure: A Novel Measurement and Annual Report Uncertainty.
- Source :
- Journal of Risk & Financial Management; Dec2021, Vol. 14 Issue 12, p616-616, 1p
- Publication Year :
- 2021
-
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. [ABSTRACT FROM AUTHOR]
- Subjects :
- MEDICAL disclosure
CORPORATION reports
CONTENT analysis
Subjects
Details
- Language :
- English
- ISSN :
- 19118066
- Volume :
- 14
- Issue :
- 12
- Database :
- Complementary Index
- Journal :
- Journal of Risk & Financial Management
- Publication Type :
- Academic Journal
- Accession number :
- 154397461
- Full Text :
- https://doi.org/10.3390/jrfm14120616