ANALISIS KARAKTERISTIK DAN FAKTOR-FAKTOR YANG MEMPENGARUHI PENGUNGKAPAN RISIKO PERUSAHAAN (Studi empiris pads laporan tahunan perusahaan-perusahaan nonkeuangan yang terdaftar di BEI tahun 2007)

Abstract

The purpose of this study is to provide empirical evidence about factors that affect corporate risk disclosure include level ofcompany risk, firm size and industry type. This study also purposes to examine characteristics of risk disclosure such as type of risk, time orientation, quantity of risk, and its news content. Using random sampling method, 76 nonfinancialfirms listed on Indonesia Stock Exchange (IDA9 in 2007 were chosen as the sample in this study. Risk disclosure in this study was identified using content analysis based on decision rules, checklist, and instrument that have developed. The statistic method used to test hypothesis about factors that affect risk disclosure is multiple regression analysis, while the method used to test hypothesis about characteristics of risk disclosure is Wilcoxon test. The results of this research show that firm size and industry type have significant positive relationships with risk disclosure . The level of company risk which is measured by debt to equity ratio has no significant relationship with risk disclosure. Besides, the result also shows that level ofcompany risk, firm size, and industry type affect risk disclosure simultaneously. The other finding of this research is that type ofrisk mgst disclosed is financial risk, operation risk, and strategic risk In additior4 the result indicates that characteristics of risk disclosure tend to be non-moneter (unquantified), past oriented and contains of good news. Keywords: risk, risk disclosure, characteristics ofrisk disclosure