TY - JOUR
AU - Elmarzouky, Mahmoud
AU - Albitar, Khaldoon
AU - Karim, Atm Enayet
AU - Moussa, Ahmed Saber
PY - 2021
DA - December
TI - COVID-19 disclosure: a novel measurement and annual report uncertainty
JO - Journal of Risk and Financial Management
VL - 14
IS - 12
DO - https://doi.org/10.3390/jrfm14120616
AB - This paper provides a unique COVID-19 disclosure measurement and investigates the association between the level of COVID-19 disclosure and uncertainty within annual reports for UK FTSE-All share non-financial firms. We used automated textual analysis to score the sampled annual reports. The results show that the level of COVID-19 disclosure varies from industry to industry. Furthermore, there is a positive relationship between COVID-19 disclosure and uncertainty in annual reports. Firms with larger boards exhibit more significant uncertainty in annual reports with COVID-19 disclosure. However, the significance of uncertainty in annual reports with COVID-19 disclosure remains at the same level with different board independence percentages. The unique findings of this paper are extremely relevant to governments, shareholders, policymakers, suppliers, and creditors.
PB - MDPI
UR - https://hdl.handle.net/10023/29645
KW - Coronavirus (COVID-19)
ER