Comparative study of the quality of risk disclosures in shareholders and stakeholder reports between developed and developing countries (case: oil industry)

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Dominguez-Blanco, G, 2020. Comparative study of the quality of risk disclosures in shareholders and stakeholder reports between developed and developing countries (case: oil industry). MPhil, Nottingham Trent University.

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Abstract

The current global and competitive environment in which companies within the oil and gas (O&G) sector find themselves requires a greater degree of information that allows users to have a better understanding of the companies’ economic situation and risks they face. For that reason, there is a need to mitigate negative impacts that affect their activities. The objective of this research is to perform a comparative study between the quality of risk disclosures in shareholder and stakeholder reports of O&G companies, headquartered in developed (Canada, the UK and the US) and developing countries (Colombia, Brazil and Argentina) listed on their local stock exchange for the period 2016-2017; their size and its propensity to follow IPIECA (2015) as a voluntary industry guide to produce stakeholders' reports. Using the quantity of risk keywords as indicative of risk quality disclosures by following Bareta and Bonzolan, (2004) approach. The following findings were encountered: (a) companies based in developed countries tend to disclose high-quality risks in their shareholder reports, however the difference compared to developing countries is not significant due to the accounting globalized principles used. Stakeholder reports quality is highly associated with the adoption of industry-specific voluntary guidelines in both developed and developing countries. Additionally, the findings show that the quality of risk disclosures can also be influenced by stakeholder pressures that cause companies to change their reporting approach, in both developed and developing countries; (b) the size of the company in terms of total assets is not a determining factor that influences the company quality of risk disclosures nor for shareholders or stakeholder reports of the companies in developed or developing country; (c) The use of the voluntary guidelines of O&G (IPIECA), develops and improves risk disclosures quality in the shareholder and stakeholder reports of companies within the industry to enable good practices.

Item Type:	Thesis
Creators:	Dominguez-Blanco, G.
Date:	January 2020
Rights:	This work is the intellectual property of the author. You may copy up to 5% of this (Nottingham Trent University Quality Handbook Supplement Requirements for submission of a research degree thesis September 2018 page 2 QHS11A) work for private study, or personal, non-commercial research. Any re-use of the information contained within this document should be fully referenced, quoting the author, title, university, degree level and pagination. Queries or requests for any other use, or if a more substantial copy is required, should be directed to the owner(s) of the Intellectual Property Rights
Divisions:	Schools > Nottingham Business School
Record created by:	Linda Sullivan
Date Added:	07 Feb 2020 11:21
Last Modified:	07 Feb 2020 11:21
URI:	https://irep.ntu.ac.uk/id/eprint/39190