Table 3 The process of sample selection.
From: What drives reputational risk? Evidence from textual risk disclosures in financial statements
Sample selection | Count |
|---|---|
Company | |
All financial institutions (GICS code = 4010, 4020, 4030, 4040) | 1685 |
(-) Small listed companies without risk disclosure | (-) 115 |
The number of financial institutions disclosing the risk factor | 1570 |
The number of financial institutions disclosing reputational risk | 828 |
Form 10-K | |
All Form 10-K filings released by sample financial institutions | 13362 |
(-) No Item 1A or unable to distinguish heading from the explanation | (-) 1441 |
The number of Form 10-K filings from which risk headings can be extracted | 11,921 |
The number of Form 10-K filings disclosing reputational risk | 4590 |
Risk heading | |
The number of risk headings | 352,326 |
The number of risk headings containing “reputation(al)” | 7856 |
