Asia-Pacific banks' derivative and risk management disclosures

Au Yong, Hue Hwa, Chalmers, Keryn and Faff, Robert (2005) Asia-Pacific banks' derivative and risk management disclosures. Asian Review of Accounting, 13 1: 15-44. doi:10.1108/eb060781


Author Au Yong, Hue Hwa
Chalmers, Keryn
Faff, Robert
Title Asia-Pacific banks' derivative and risk management disclosures
Journal name Asian Review of Accounting   Check publisher's open access policy
ISSN 1321-7348
1758-8863
Publication date 2005
Sub-type Article (original research)
DOI 10.1108/eb060781
Volume 13
Issue 1
Start page 15
End page 44
Total pages 30
Place of publication Bingley, W. Yorks., United Kingdom
Publisher Emerald Group Publishing
Language eng
Abstract This study investigates Asia Pacific banks' annual report disclosures on derivatives using the Basel Committee and IOSCO joint recommendations as the derivative and risk management disclosure benchmark. Based on our constructed disclosure index, the mean score is 35%, suggesting that many of the disclosure recommendations are not being adopted by the banks in our sample. Cross-country and regional variation exists in the disclosure practices, with the variation associated with the extent to which accounting regulations for derivative instruments are operational. Hong Kong banks have the highest mean disclosure scores while the Philippines banks have the lowest mean disclosure scores. Australasian banks generally provide more disclosures than East Asian and South East Asian banks, and banks in developed countries generally have a higher level of disclosure relative to developing countries. The transparency of derivative activities by the banks is expected to improve as Asia Pacific countries promulgate accounting regulations congruent with international accounting standards.
Keyword Asia Pacific banks
Derivative
Disclosures
Risk management
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: UQ Business School Publications
 
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Created: Tue, 08 Mar 2011, 11:09:35 EST by Karen Morgan on behalf of UQ Business School