Non-financial Reporting Analysis: Does EU Membership Affect the Disclosure of Non-financial Information in BlueChip Companies?
Date Issued
2023-02
Author(s)
Tocev, Todor
DOI
10.4335/2023.3.7
Abstract
Non-financial reporting, as a relatively new concept, has been
intensively developed in the last few decades, primarily voluntarily, as a
need to provide stakeholders with an insight into business-related issues
that are of broader social importance. It is becoming necessary and
increasingly important for all participants in today's socio-economic
environment. This paper presents qualitative and quantitative research on
the disclosure of non-financial information on social responsibility in 40
listed companies from selected Balkan countries for the period from 2019
to 2021, to determine whether and how EU membership affects the scope
of non-financial reporting. The results of the conducted statistical tests
indicate that companies from EU countries disclose in more detail and for
more segments compared to companies from non-EU countries. The
transposition of the directive into law, i.e. mandatory non-financial
reporting is one of the key factors for the disclosure of companies' ESG
activities.
intensively developed in the last few decades, primarily voluntarily, as a
need to provide stakeholders with an insight into business-related issues
that are of broader social importance. It is becoming necessary and
increasingly important for all participants in today's socio-economic
environment. This paper presents qualitative and quantitative research on
the disclosure of non-financial information on social responsibility in 40
listed companies from selected Balkan countries for the period from 2019
to 2021, to determine whether and how EU membership affects the scope
of non-financial reporting. The results of the conducted statistical tests
indicate that companies from EU countries disclose in more detail and for
more segments compared to companies from non-EU countries. The
transposition of the directive into law, i.e. mandatory non-financial
reporting is one of the key factors for the disclosure of companies' ESG
activities.
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