Risk Disclosure and Risk Management of UK Real Estate Companies

This dissertation aims to research on the different approaches of risk disclosure and risk management currently adopted by the UK real estate companies. Literature review has been done on topics such as information disclosure, Corporate governance and risk disclosure in the UK, risk reporting debat...

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Main Author: Chen, Chen
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2009
Online Access:https://eprints.nottingham.ac.uk/22948/
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author Chen, Chen
author_facet Chen, Chen
author_sort Chen, Chen
building Nottingham Research Data Repository
collection Online Access
description This dissertation aims to research on the different approaches of risk disclosure and risk management currently adopted by the UK real estate companies. Literature review has been done on topics such as information disclosure, Corporate governance and risk disclosure in the UK, risk reporting debates, risk management and the Enterprise Risk Management. In the past years, we have witnessed many enterprise scandals due to careless risk management practice. The needs for more efficient corporate governance and higher risk management standard have been developed. After the global crisis, the issue of risk management is even more emphasised, and therefore the real estate industry has been facing increased pressure to disclosure more risk information in their annual reports. An increasing number of risk information disclosure and more sophisticated risk management practice suggests UK real estate companies adopt the market discipline to encourage more detailed risks in order to satisfy the stakeholders. A study of risk disclosure and risk management practices in the UK real estate industry is carried out using the sentence analysis methods. Five hypotheses are derived from the literature review and tested based on the content analysis of the annual reports and accounts of selected UK real estate companies. The results show that the real estate companies are putting an increase effort on risk disclosure and risk management practice. Larger real estate companies are disclosing more risks information and adopt more sophisticated risk management practice than smaller companies. Also, real estate companies are disclosing more “future risks” and “good risks” in their annual reports.
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format Dissertation (University of Nottingham only)
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institution University of Nottingham Malaysia Campus
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language English
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publishDate 2009
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spelling nottingham-229482018-01-24T13:51:27Z https://eprints.nottingham.ac.uk/22948/ Risk Disclosure and Risk Management of UK Real Estate Companies Chen, Chen This dissertation aims to research on the different approaches of risk disclosure and risk management currently adopted by the UK real estate companies. Literature review has been done on topics such as information disclosure, Corporate governance and risk disclosure in the UK, risk reporting debates, risk management and the Enterprise Risk Management. In the past years, we have witnessed many enterprise scandals due to careless risk management practice. The needs for more efficient corporate governance and higher risk management standard have been developed. After the global crisis, the issue of risk management is even more emphasised, and therefore the real estate industry has been facing increased pressure to disclosure more risk information in their annual reports. An increasing number of risk information disclosure and more sophisticated risk management practice suggests UK real estate companies adopt the market discipline to encourage more detailed risks in order to satisfy the stakeholders. A study of risk disclosure and risk management practices in the UK real estate industry is carried out using the sentence analysis methods. Five hypotheses are derived from the literature review and tested based on the content analysis of the annual reports and accounts of selected UK real estate companies. The results show that the real estate companies are putting an increase effort on risk disclosure and risk management practice. Larger real estate companies are disclosing more risks information and adopt more sophisticated risk management practice than smaller companies. Also, real estate companies are disclosing more “future risks” and “good risks” in their annual reports. 2009-09-11 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/22948/1/dissertation_final.pdf Chen, Chen (2009) Risk Disclosure and Risk Management of UK Real Estate Companies. [Dissertation (University of Nottingham only)] (Unpublished)
spellingShingle Chen, Chen
Risk Disclosure and Risk Management of UK Real Estate Companies
title Risk Disclosure and Risk Management of UK Real Estate Companies
title_full Risk Disclosure and Risk Management of UK Real Estate Companies
title_fullStr Risk Disclosure and Risk Management of UK Real Estate Companies
title_full_unstemmed Risk Disclosure and Risk Management of UK Real Estate Companies
title_short Risk Disclosure and Risk Management of UK Real Estate Companies
title_sort risk disclosure and risk management of uk real estate companies
url https://eprints.nottingham.ac.uk/22948/