Perceptions of financial analysts on risk, risk management and internal control disclosure: evidence from Belgium and Italy

In this study, we investigate how and to what extent financial analysts in Belgium and Italy take into account information about risks, risk management and internal control disclosed by companies in their analyses. We also investigate what they consider to be the drivers for companies to disclose this kind of information, and their perception of the regulatory disclosure requirements. The findings of this study come from 14 semi-structured in-depth interviews with analysts in both countries. The findings show that analysts pay greater attention to information on individual risks than that rega... Mehr ...