International Journal of Social Science & Economic Research
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Chien-Jen Wang

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Chien-Jen Wang
International Trade Department, Takming University of Science and Technology, Taipei, Taiwan

Wang, Chien-Jen. "RISK DISCLOSURE, CORPORATE GOVERNANCE AND FIRM CHARACTERISTICS." Int. j. of Social Science and Economic Research, vol. 3, no. 9, Sept. 2018, pp. 4510-4518, Accessed Sept. 2018.
Wang, C. (2018, September). RISK DISCLOSURE, CORPORATE GOVERNANCE AND FIRM CHARACTERISTICS. Int. j. of Social Science and Economic Research, 3(9), 4510-4518. Retrieved from
Wang, Chien-Jen. "RISK DISCLOSURE, CORPORATE GOVERNANCE AND FIRM CHARACTERISTICS." Int. j. of Social Science and Economic Research 3, no. 9 (September 2018), 4510-4518. Accessed September, 2018.

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Risk disclosure is defined as timely and transparent flow of information to a firm's shareholders on a regular and frequent basis, thereby reducing information asymmetry. This paper focuses on risk information disclosure and explores the impacts on a firm's risk disclosure of corporate governance mechanisms and firm characteristics. Taking the Taiwan 50 Index companies as the study samples, we found that a firm's corporate governance mechanism is significantly positively related to its frequency of releasing documents to the stock market. These results were notable with respect to an increase in the numbers of board directors, who have stronger motives and incentives to perform their responsibilities, and thus to disclose more information. Additionally, larger numbers of independent directors, who provide more objective opinions and suggestions to the public, also increase the frequency of risk disclosure.