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Non-financial reporting in non-profit organisations: the case of risk and governance disclosures in UK higher education institutions

Mohamed Elmagrhi Orcid Logo, Collins G. Ntim

Accounting Forum, Volume: 47, Issue: 2, Pages: 1 - 26

Swansea University Author: Mohamed Elmagrhi Orcid Logo

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DOI (Published version): 10.1080/01559982.2022.2148854

Abstract

This paper investigates non-financial reporting in non-profit organisations. Specifically, it examines the extent to which UK higher education institutions (HEIs) make voluntary disclosures relating to risk management practices, and investigates whether composite governance quality index and senior...

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Published in: Accounting Forum
ISSN: 0155-9982 1467-6303
Published: Informa UK Limited 2023
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URI: https://cronfa.swan.ac.uk/Record/cronfa61924
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spelling 2023-09-04T18:18:28.6628763 v2 61924 2022-11-15 Non-financial reporting in non-profit organisations: the case of risk and governance disclosures in UK higher education institutions 4def956b7e2d996ad0bfbfcb710b7ef6 0000-0003-3803-8496 Mohamed Elmagrhi Mohamed Elmagrhi true false 2022-11-15 CBAE This paper investigates non-financial reporting in non-profit organisations. Specifically, it examines the extent to which UK higher education institutions (HEIs) make voluntary disclosures relating to risk management practices, and investigates whether composite governance quality index and senior management team characteristics can influence such risk disclosures. Using a sample of UK HEIs over a number of years and drawing insights from neo-institutional theory, our findings are three-fold. First, our baseline findings contribute to the literature by showing that the level of risk disclosure among HEIs in the UK is relatively low, especially when compared to the findings of prior studies that have been conducted on similar-sized publicly traded corporations. Second, we contribute to the literature by providing timely evidence on the impact of governance quality on risk disclosure. In particular, our evidence contributes to the existing literature by demonstrating that better-governed HEIs tend to engage in higher risk disclosures than their poorly-governed counterparts. Finally, our study contributes to the extant literature by providing new evidence that offers support for the “shared” governance model among UK HEIs. Specifically, our findings show that the positive governance quality–risk disclosure relationship is moderated/explained largely by the characteristics of the senior management team. Our findings are robust to controlling for endogeneities and alternative estimation techniques, with major implications for non-financial reporting. Journal Article Accounting Forum 47 2 1 26 Informa UK Limited 0155-9982 1467-6303 Non-financial reporting, risk and governance disclosures, senior management team characteristics, reforms, non-profit organisations, neo-institutional theory, UK HEIs 3 4 2023 2023-04-03 10.1080/01559982.2022.2148854 COLLEGE NANME Management School COLLEGE CODE CBAE Swansea University SU Library paid the OA fee (TA Institutional Deal) British Academy/GCRF Sustainable Development Programme 2023-09-04T18:18:28.6628763 2022-11-15T10:09:15.1328873 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Mohamed Elmagrhi 0000-0003-3803-8496 1 Collins G. Ntim 2 61924__28232__6e83b5afa7264b8190ab5a23b6ded2ed.pdf 61924.VOR.pdf 2023-08-02T16:08:01.9236373 Output 2360624 application/pdf Version of Record true © 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. Distributed under the terms of a Creative Commons Attribution 4.0 License (CC BY 4.0). true eng https://creativecommons.org/licenses/by/4.0/
title Non-financial reporting in non-profit organisations: the case of risk and governance disclosures in UK higher education institutions
spellingShingle Non-financial reporting in non-profit organisations: the case of risk and governance disclosures in UK higher education institutions
Mohamed Elmagrhi
title_short Non-financial reporting in non-profit organisations: the case of risk and governance disclosures in UK higher education institutions
title_full Non-financial reporting in non-profit organisations: the case of risk and governance disclosures in UK higher education institutions
title_fullStr Non-financial reporting in non-profit organisations: the case of risk and governance disclosures in UK higher education institutions
title_full_unstemmed Non-financial reporting in non-profit organisations: the case of risk and governance disclosures in UK higher education institutions
title_sort Non-financial reporting in non-profit organisations: the case of risk and governance disclosures in UK higher education institutions
author_id_str_mv 4def956b7e2d996ad0bfbfcb710b7ef6
author_id_fullname_str_mv 4def956b7e2d996ad0bfbfcb710b7ef6_***_Mohamed Elmagrhi
author Mohamed Elmagrhi
author2 Mohamed Elmagrhi
Collins G. Ntim
format Journal article
container_title Accounting Forum
container_volume 47
container_issue 2
container_start_page 1
publishDate 2023
institution Swansea University
issn 0155-9982
1467-6303
doi_str_mv 10.1080/01559982.2022.2148854
publisher Informa UK Limited
college_str Faculty of Humanities and Social Sciences
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hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
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description This paper investigates non-financial reporting in non-profit organisations. Specifically, it examines the extent to which UK higher education institutions (HEIs) make voluntary disclosures relating to risk management practices, and investigates whether composite governance quality index and senior management team characteristics can influence such risk disclosures. Using a sample of UK HEIs over a number of years and drawing insights from neo-institutional theory, our findings are three-fold. First, our baseline findings contribute to the literature by showing that the level of risk disclosure among HEIs in the UK is relatively low, especially when compared to the findings of prior studies that have been conducted on similar-sized publicly traded corporations. Second, we contribute to the literature by providing timely evidence on the impact of governance quality on risk disclosure. In particular, our evidence contributes to the existing literature by demonstrating that better-governed HEIs tend to engage in higher risk disclosures than their poorly-governed counterparts. Finally, our study contributes to the extant literature by providing new evidence that offers support for the “shared” governance model among UK HEIs. Specifically, our findings show that the positive governance quality–risk disclosure relationship is moderated/explained largely by the characteristics of the senior management team. Our findings are robust to controlling for endogeneities and alternative estimation techniques, with major implications for non-financial reporting.
published_date 2023-04-03T20:17:30Z
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