الفهرس 
Chapter One: Basic Concepts of Risk and Risk DisclosureOnly 14 pages are availabe for public view
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Abstract
This research aimed to explore the level and characteristics of risk disclosures in the annual reports of Egyptian companies. Further, it aimed to investigate the factors affecting the level of risk disclosure and explaining the variation among companies of their risk disclosure practices. The importance of this research stemmed from the scarcity of empirical evidence on risk disclosure practices of Egyptian companies.
A sentence-based content analysis of a sample of 108 annual reports of 36 listed non-financial companies of years 2008, 2010 and 2012 was conducted. A two-year interval was selected to provide a wider coverage of time period for a better analysis of the trends and for tracking any improvement that may have taken place in corporate risk disclosure as a response to the international academic and professional demand for enhanced risk disclosure.
Findings showed the dominance of disclosures on financial risks over strategic and operational risk disclosures. Further, the dominance of qualitative risk disclosures over quantitative risk disclosures, and the dominance of past and non-time specific risk disclosures over future risk disclosures were observed. Companies report extensively generic risk disclosures that are general definitions of risk items or neutral risk information that can apply to any company in the same economy or the same sector. This kind of disclosure is unlikely to be useful for stakeholders.
Results also showed that there is no significant difference in the level of risk disclosure for 2008, 2010, and 2012 for the total risk disclosure, strategic risk disclosure, or operational risk disclosure. This result indicates the lack of progress in the area of enhancing risk disclosure in Egypt, and that the international interest in improving risk disclosure is not reflected in similar interest or pressure in Egypt neither by the regulatory bodies nor accounting professional bodies. Further, testing the correlation between the most suggested factors affecting the level of risk disclosure in the prior research and the level of risk disclosure found significant positive relationships between the levels of risk disclosure and each of size measures (market capitalization, sales revenue and total assets), company risk as measured by financial leverage and dual listing.