Risk Study: An Explore Of Risk Disclosure Trend In Malaysia

Ag Kaifah Riyard Kiflee; Nornajihah Nadia Hasbullah; Faerozh Madli; Mohd Noor Azli Ali Khan

doi:10.64757/alqanatir.2025.3404/1218

Authors

Ag Kaifah Riyard Kiflee
Nornajihah Nadia Hasbullah
Faerozh Madli
Mohd Noor Azli Ali Khan

DOI:

https://doi.org/10.64757/alqanatir.2025.3404/1218

Keywords:

Risk Information, Content Analysis, Risk Disclosure Trend, Malaysia, Annual Report

Abstract

The aim of this paper is to examine the availability of risk information in the annual report of Malaysian companies by focusing on the non-finance sector. To answer the stated research question and hypothesis, the authors examine 166 companies listed in Bursa Malaysia from 2008 until 2017. The method employed in this study to extract the information from the annual report and plotting risk disclosure trend is content analysis. The analysis finding suggested that, in general, risk disclosure practice in Malaysia is experiencing an upward trend in the last ten years (2008-2017). However, it was found that the implementation of disclosure regulation in Malaysia is still insufficient as the study found that the level of disclosure information is lower. There is a need to further examine the current regulation and standard in an effort to improve the disclosure practice among and aligned with international standards. This study employed signalling theory as a mean to explain the study objective.

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Author Biographies

Ag Kaifah Riyard Kiflee

Faculty of Business, Economics and Accountancy, Universiti Malaysia Sabah.

Nornajihah Nadia Hasbullah

Faculty of Business and Management, Universiti Teknologi MARA, Melaka.

Faerozh Madli

Faculty of Business, Economics and Accountancy, Universiti Malaysia Sabah.

Mohd Noor Azli Ali Khan

Faculty of Management, Universiti Teknologi Malaysia.

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