The focus of the present study is the management practice of disclosing disaggregated (financial) information in a company's annual report. The disclosure of disaggregated information is a management strategic policy decision because of the proprietary nature of disaggregated information. In...

Unlike industrial companies, banks allocate “risk-taking potential” across subunits, instead of investment budgets or assets. Researchers typically do not have access to this data on risk-bearing capacity across subunits and use (changes in) assets or loans instead. Based on unique data from...