The Reputational Effects of Narrative Disclosures in Operational Risk Announcements

The content of the first press cuttings regarding operational risk announcements following an operational loss event is likely to affect the level of reputational damage incurred by the institutions suffering the loss. The profile of operational risk has increased in recent decades becoming one of t...

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Main Author:	Bayley, Joel
Format:	Dissertation (University of Nottingham only)
Language:	English English English English English English English
Published:	2015
Online Access:	http://eprints.nottingham.ac.uk/30376/ http://eprints.nottingham.ac.uk/30376/1/FINAL%20DISSERTATION.docx http://eprints.nottingham.ac.uk/30376/2/image4.png http://eprints.nottingham.ac.uk/30376/3/image5.png http://eprints.nottingham.ac.uk/30376/4/image6.png http://eprints.nottingham.ac.uk/30376/5/image3.png http://eprints.nottingham.ac.uk/30376/6/image1.jpeg http://eprints.nottingham.ac.uk/30376/7/image2.png

id	nottingham-30376
recordtype	eprints
spelling	nottingham-303762017-10-12T13:14:43Z http://eprints.nottingham.ac.uk/30376/ The Reputational Effects of Narrative Disclosures in Operational Risk Announcements Bayley, Joel The content of the first press cuttings regarding operational risk announcements following an operational loss event is likely to affect the level of reputational damage incurred by the institutions suffering the loss. The profile of operational risk has increased in recent decades becoming one of the major risks in the finance industry. Following increasing literature on operational events, reputational risk as a result of operational loss events has become a growing area of research. This paper analyses the content of operational loss announcements in order to assess whether the content has an effect on the level of reputational damage measured by any stock market decrease greater than the operational loss itself. Previously, content analysis has been used to assess connections between earnings and analysts’ reports however; content analysis has not previously been used to test relationships between content of operational announcements and reputational damage. This paper builds on previous reputational effect research, using content analysis as a method to provide further explanation of market overreaction known as the reputational effect. This paper does not demonstrate conclusive evidence to explain the link between the content of narrative operational loss disclosures and reputational damage however; it does establish marked areas for further research. Correspondingly, it provides evidence of the effects of specific business lines and event types that have greater negative and positive impacts on the reputational effect. 2015-10-02 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en http://eprints.nottingham.ac.uk/30376/1/FINAL%20DISSERTATION.docx image/png en http://eprints.nottingham.ac.uk/30376/2/image4.png image/png en http://eprints.nottingham.ac.uk/30376/3/image5.png image/png en http://eprints.nottingham.ac.uk/30376/4/image6.png image/png en http://eprints.nottingham.ac.uk/30376/5/image3.png image/jpeg en http://eprints.nottingham.ac.uk/30376/6/image1.jpeg image/png en http://eprints.nottingham.ac.uk/30376/7/image2.png Bayley, Joel (2015) The Reputational Effects of Narrative Disclosures in Operational Risk Announcements. [Dissertation (University of Nottingham only)]
repository_type	Digital Repository
institution_category	Local University
institution	University of Nottingham Malaysia Campus
building	Nottingham Research Data Repository
collection	Online Access
language	English English English English English English English
description	The content of the first press cuttings regarding operational risk announcements following an operational loss event is likely to affect the level of reputational damage incurred by the institutions suffering the loss. The profile of operational risk has increased in recent decades becoming one of the major risks in the finance industry. Following increasing literature on operational events, reputational risk as a result of operational loss events has become a growing area of research. This paper analyses the content of operational loss announcements in order to assess whether the content has an effect on the level of reputational damage measured by any stock market decrease greater than the operational loss itself. Previously, content analysis has been used to assess connections between earnings and analysts’ reports however; content analysis has not previously been used to test relationships between content of operational announcements and reputational damage. This paper builds on previous reputational effect research, using content analysis as a method to provide further explanation of market overreaction known as the reputational effect. This paper does not demonstrate conclusive evidence to explain the link between the content of narrative operational loss disclosures and reputational damage however; it does establish marked areas for further research. Correspondingly, it provides evidence of the effects of specific business lines and event types that have greater negative and positive impacts on the reputational effect.
format	Dissertation (University of Nottingham only)
author	Bayley, Joel
spellingShingle	Bayley, Joel The Reputational Effects of Narrative Disclosures in Operational Risk Announcements
author_facet	Bayley, Joel
author_sort	Bayley, Joel
title	The Reputational Effects of Narrative Disclosures in Operational Risk Announcements
title_short	The Reputational Effects of Narrative Disclosures in Operational Risk Announcements
title_full	The Reputational Effects of Narrative Disclosures in Operational Risk Announcements
title_fullStr	The Reputational Effects of Narrative Disclosures in Operational Risk Announcements
title_full_unstemmed	The Reputational Effects of Narrative Disclosures in Operational Risk Announcements
title_sort	reputational effects of narrative disclosures in operational risk announcements
publishDate	2015
url	http://eprints.nottingham.ac.uk/30376/ http://eprints.nottingham.ac.uk/30376/1/FINAL%20DISSERTATION.docx http://eprints.nottingham.ac.uk/30376/2/image4.png http://eprints.nottingham.ac.uk/30376/3/image5.png http://eprints.nottingham.ac.uk/30376/4/image6.png http://eprints.nottingham.ac.uk/30376/5/image3.png http://eprints.nottingham.ac.uk/30376/6/image1.jpeg http://eprints.nottingham.ac.uk/30376/7/image2.png
first_indexed	2018-09-06T12:01:31Z
last_indexed	2018-09-06T12:01:31Z
_version_	1610859456727351296

The Reputational Effects of Narrative Disclosures in Operational Risk Announcements

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