Corporate risk reporting about Brexit as political communication

Bibliographic Data

ID9256667
AuthorsEkaterina Svetlova (0000-0002-8400-3465, University of Twente, corresponding author)
Year2023
Volume81
Issue3
Pages417-441
Publication date2023-07-03
Open AccessYes
TypeARTICLE
VenueReview of Social Economy (JOURNAL)
Journal identifiersISSN: 0034-6764 • E-ISSN: 1470-1162
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/00346764.2021.1975807
OpenAlexW3212782886
LanguageEN
References cited34

How can we account for differences in the extent of risk disclosure among companies? The paper expands the existing explanations by claiming that corporate risk reporting is not just financial but also political communication. The presented empirical analysis of how corporations disclose Brexit-related uncertainties suggests that risk reporting is a part of a company’s holistic conversation with multiple audiences in society (e.g. politicians, regulators, journalists and customers) and might have well-targeted but also unforeseen effects on each of them. The quantity and quality of risk disclosure can be explained – among other factors – by the extent to which companies want to participate in public discourse and wish their opinions on a particular political issue, such as Brexit, to be heard. In other words, risk reporting is a part of ‘the politics of expectations’ which should be investigated in its own right

Brexit · Business · Conversation · Empirical evidence · European union · International trade · Political risk · Political science · Politics · Public relations · Quality (philosophy) · Sociology · Accounting · Law · Risk Management in Financial Firms

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