Voluntary Risk disclosure Assessment in The Corporate Board Structure under uncertainty: A Case Study of Saudi Arabian Companies

Abstract

The global crisis of financial and corporate scandals of governance have run to calls for well
voluntary risk disclosure. Firms limit this disclosure of voluntary by the proprietary cost theory to
evade the risk of opposing actions. So, this paper investigates and assessment voluntary risk
disclosure in the corporate board structure. These voluntary risk disclosures contain the conflict and
multiple criteria. So the concept of multi-criteria decision-making (MCDM) is used to overcome this
problem. The neutrosophic sets are used to deal with uncertain information. This paper used the
Analytic Network Process (ANP) and Decision-making trial and evaluation laboratory (DEMATEL)
methods to assess voluntary risk disclosure. The ANP is used to calculate the weights of criteria.
DEMATEL method is used to assess and show the impact of voluntary risk disclosure. This research
uses Saudi Arabian companies as a case study