Purpose

This study aims to investigate the impact of risk committee characteristics on the risk disclosure of banking institutions in an emerging economy, Pakistan.

Design/methodology/approach

The data are collected through a manual content analysis of 21 banks regulated by the State Bank of Pakistan over the period 2011–2020. The study utilizes the generalized least square (GLS) regression model as the method of analysis.

Findings

The study finds that risk committee size is positively associated with risk disclosure, which is in line with agency theory. However, risk committee independence and risk committee gender diversity are negatively associated with risk disclosure. This contradicts the theoretical perspective and is explained by the weak regulatory framework of Pakistan.

Research limitations/implications

This study was carried out in a single research setting, which limits the generalizability of its findings to other developed and emerging economies.

Practical implications

The results provide valuable insights for regulators by identifying the attributes that require regulatory focus to strengthen risk committees and enhance risk disclosure practices within the banking sector of Pakistan. The findings highlight the effectiveness of the risk committee size, call for fully independent risk committees and encourage greater representation of women in these committees.

Originality/value

This study contributes to the corporate governance literature by empirically examining the risk committee characteristics and their impact on the risk disclosure of banks in an emerging economy. Moreover, this study contributes to theory by utilizing upper echelon theory in addition to agency theory as the motivation for the study.

中文翻译：

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银行风险委员会的特征和风险披露：来自新兴经济体的证据

目的

本研究旨在调查新兴经济体巴基斯坦风险委员会特征对银行机构风险披露的影响。

设计/方法论/途径

这些数据是通过对 2011 年至 2020 年期间巴基斯坦国家银行监管的 21 家银行进行手动内容分析收集的。该研究采用广义最小二乘（GLS）回归模型作为分析方法。

发现

研究发现，风险委员会规模与风险披露呈正相关，这与代理理论相符。然而，风险委员会独立性和风险委员会性别多样性与风险披露呈负相关。这与理论观点相矛盾，并可以用巴基斯坦薄弱的监管框架来解释。

研究局限性/影响

这项研究是在单一研究环境中进行的，这限制了其研究结果对其他发达经济体和新兴经济体的普遍适用性。

实际影响

研究结果通过确定需要监管重点来加强巴基斯坦银行业风险委员会和加强风险披露实践的属性，为监管机构提供了宝贵的见解。调查结果强调了风险委员会规模的有效性，呼吁建立完全独立的风险委员会，并鼓励在这些委员会中增加女性代表。

原创性/价值

本研究通过实证检验新兴经济体中风险委员会的特征及其对银行风险披露的影响，为公司治理文献做出了贡献。此外，本研究通过利用代理理论之外的高层理论作为研究动机，对理论做出了贡献。