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Hide-and-seek in corporate disclosure: evidence from negative corporate incidents

Rudkin, Bradley; Kimani, Danson; Ullah, Subhan; Ahmed, Rizwan; Farooq, Syed Umar

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Bradley Rudkin

Danson Kimani

Associate Professor in Accounting

Rizwan Ahmed

Syed Umar Farooq


© 2018, Emerald Publishing Limited. Purpose: This paper investigates the legitimacy tactics used in the annual reports of UK listed companies in the aftermath of major corporate scandals. Design/methodology/approach: We carried out a content analysis of annual reports of 19 companies that have been involved in corporate scandals with a view to understand how firms communicate negative scandals affecting them. Findings: The findings reveal that firms use a wide range of legitimisation strategies in the manner that contribute to shape disclosure communications concerning negative incidents. For instance, some firms may offset the negativity linked to an incident by rendering such explanations amidst positive information. Originality/value: Contrary to earlier studies conducted on accounting scandals, the authors incorporated extensive corporate scandals such as human rights violations, controversies concerning child labour, environmental scandals, corruption, financial embezzlement and tax evasion.


Rudkin, B., Kimani, D., Ullah, S., Ahmed, R., & Farooq, S. U. (2019). Hide-and-seek in corporate disclosure: evidence from negative corporate incidents. Corporate Governance, 19(1), 158-175.

Journal Article Type Article
Acceptance Date Aug 22, 2018
Online Publication Date Feb 4, 2019
Publication Date Feb 4, 2019
Deposit Date Jan 27, 2020
Publicly Available Date Jan 30, 2020
Journal Corporate Governance (Bingley)
Print ISSN 1472-0701
Publisher Emerald
Peer Reviewed Peer Reviewed
Volume 19
Issue 1
Pages 158-175
Public URL
Publisher URL


Hide And Seek In Corporate Disclosure Evidence From Negative Corporate Incidents (575 Kb)

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