Gulko, N;
Hyde, C;
Seppala, N;
(2017)
Disclosure of corporate risks and governance before, during and after the global financial crisis: case study in the UK construction industry in 2006–2009.
International Journal of Disclosure and Governance
, 14
(3)
pp. 207-223.
10.1057/s41310-017-0021-z.
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Abstract
The recent financial crisis highlighted the importance of risk disclosures for investors and the wider society. We examined changes in risk disclosures in three UK-based construction companies before, during and after the financial crisis. The findings suggest that a crisis motivates a rise in the volume and quality of information provided by companies, while during periods of stability, companies generally provide less information and the quality of information is generic and repetitive in nature. Based on our research, a crisis enhances the overall volume of disclosures and this level of disclosure is maintained after the crisis, while any improvements in the quality of risk information are temporary.
| Type: | Article |
|---|---|
| Title: | Disclosure of corporate risks and governance before, during and after the global financial crisis: case study in the UK construction industry in 2006–2009 |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1057/s41310-017-0021-z |
| Publisher version: | http://doi.org/10.1057/s41310-017-0021-z |
| Language: | English |
| Additional information: | © Macmillan Publishers Ltd 2017. This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Corporate governance, Risk disclosure, Global financial crisis, Construction industry |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > UCL School of Management |
| URI: | https://discovery.ucl.ac.uk/id/eprint/1556115 |
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