Risk Information in Non-Financial Disclosure

This paper aims to research the topics related risk included in non-financial disclosure (NFD) of companies listed on Warsaw Stock Exchange (WSE) and explore factors that influence ratio NFD. We applied a content analysis using topic modeling discover latent Next, with Ward’s clustering, we identified four groups homogenous mixture. For causal analysis, explain differences ratio, used qualitative comparative (QCA), which allowed us obtain three paths (variable configurations) leading high Our results suggest disclosing information extensively their NFDs concentrate almost solely social matters. In contrast, talking briefly about environmental (E&S) prepare more balanced distribution E&S financial implication. general, companies’ exposure use NFD standards guidelines as well type impact space dedicated information. contributes academics regulators, filling gap NFD, identifying nature corporate disclosures, upgrading determinants disclosure.