Risk disclosure condenses information asymmetry and delivers company risk information to external parties—nonetheless, inadequate studies highlight risk disclosure’s role in investor perception. Consequently, the risk disclosure studies are predominantly about determinant and tone impact, demanding further endeavor on the role of risk disclosure by enacting a bibliometric approach to review the status quo, pattern and focus, and the trend of the risk disclosure studies to determine the future research direction. This study pinpoints that risk disclosure has been progressively discussed in international publications over the last decade. Nevertheless, some relevant research community themes must be carefully planned, i.e., risk assessment and market risk disclosure. Further, the noteworthy aspect of writers’ productivity is that the most productive writers are excluded as the most cited authors, demonstrating that the hotspot of study on risk disclosure is the role in annual financial stability, determinants, and how crucial transparency is in the capital market. This study also reveals that extensive cooperation is conducted primarily in the USA, UK, and Australia. However, the development has shifted to China, India, and Asia. Future research on risk disclosure will be explored more in Russia, South America, and Africa, considering the countries’ regulations and risk policies.