Firm Size As Company’s Characteristic and Level of Risk Disclosure: Review on Theories and Literatures

The objective of this study is on past literature reviews of risk disclosure and firm-specific characteristic (firm size) which can influence the level of risk disclosure, while there are several firms ’ characteristics which influence the level of disclosure. The main issues in this study based on the review of literature are on the subject of firm size and theories, measurement of the firm size and finding out the importance of firm size on the level of risk disclosure in annual reports. International reviews have been covered in this study. It is realized that the firm’s characteristic such as firm size has different quality and quantity for various countries. However, the most studies that found a positive relationship between firm size and the level of risk disclosure and firm size can influence the risk disclosure level