Incorporating environmental impact into financial reports is becoming standard practice in the 21st Century. Investors are aware of the need for environmentally correct operations since failures in this domain lower the price of shares. However, in terms of regulation, in most of the countries, environmental reporting remains voluntary. Institutions dealing with development and promotion of the modern accounting and financial reporting standards encourage companies to concurrently report for their environmental activities. The only question is how. Accounting may include information on the environmental impact only if it is quantitative and monetary. Since many nuances of the issues remain difficult to quantify, corporations opt to separately report on their environmental practices. The aim of this paper is to examine the accounting and stock market regulations and the practice of reporting for environmental impact of the operations of the leading Macedonian companies. We selected ten companies that make the Macedonian Stock Exchange Index and additional five companies with significant environmental impact. We reviewed their annual reports and interviewed their financial officers. The results show that the environmental and social responsibility reporting is left to the companies and their management and its perception of the need for keeping posted the major stakeholders and the most appropriate way to do it. As a consequence, many large Macedonian companies do not refer to these issues in their annual addressing to the stakeholders. The findings of this paper can motivate the regulatory body and the government to require more transparency and disclosure of the sustainability information.
Municipal support to entrepreneurship is increasingly seen as useful approach to the need for addressing the issues of the unemployment. Moreover, it is considered as a practical tool for dealing with the other development challenges on the local level of government. In this paper, we present a selection of initiatives aimed to foster the activities of local authorities in promotion of the entrepreneurship in the urban areas of Republic of Macedonia. The paper is based on the results of the survey of 156 potential and existing small business owners who all took part in related training in entrepreneurship organized within their respective urban units. Finally, considering the results of the analysis of the answers we indicate on several potential areas of improvement of the overall policy for promotion of the entrepreneurship and for easier access to suitable finance of the population in the country at all levels of the government.
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