The purpose of this study is to make a critical review of the voluminous empirical literature on risk disclosure.
This paper has conducted a detailed analysis of the nature and the content of selected studies published in well-reputed journals during the period 2000–2020.
The systematic analysis reveals that majority of risks represented by operational, strategic, environmental, social, governance, information processing and technology, damage and integrity, etc. are considered as non-financial and reflects three main streams of research as determinants of the disclosures, disclosure’s practices and adoption of disclosures’ regulation.
This review analysis makes a novel contribution to literature by offering certain policy implications for non-financial risk disclosure practices applied by companies during a historical period, characterised by uncertainties, that called for a gear change in the consideration and management of non-financial risks.
This study makes a novel contribution to literature by summarising the voluminous empirical literature arranged on physical risk disclosure.
