*6.2. Method of Analysis*

The method used in this study for analyzing financial risk disclosure is content analysis, as the study is focused on the extent of financial risk disclosures and not on the quality of financial risk. Following Lombardi et al. (2016), a financial risk disclosure index is developed to ensure the reliability of inference. We use multiple regression models to assess the relationship between the level of financial risk disclosure and firm specific characteristics in testing our hypotheses.
