"Corporate Governance And The Financial Reporting Process "

Abstract

Our study approaches corporate governance in the context of the financial reporting process. From a theoretical point of view we draw on literature arguing that informational transparency connects corporate governance mechanisms and the financial reporting process with benefits for stakeholders. The empirical analysis being developed focuses on developing a corporate governance disclosure index for companies listed on the Bucharest Stock Exchange. Looking at similar studies in literature we further consider potential determinants of the disclosure index being computed. The employed research methodology relies on regression analysis. The obtained results document a low level of corporate governance disclosure and the external auditor belonging to the Big4 as a determinant of sample companies' corporate governance disclosure practices.

The Contribution of Disclosure of Non-Financial Information to the Increase of the Quality of Economic-Financial Communication

“…At the national level, there are researchers (Popa, 2012) who have presented the financial information from the point of view of the business performance, in order to highlight the degree of the investors' confidence regarding the financial reports of the listed entities. In another way, the corporate governance phenomenon was analyzed (Matiș, Mănoiu & Bonaci, 2012), also in the context of financial reporting, the conclusion of the study being that: synthetic indicators such as the size of the entity, the economic performance reflected by profit do not influence the presentation of information from the point of view of corporate governance. As a rule, the financial-accounting information is appreciated as quality information in relation to the level of satisfaction of the interests of the stakeholders.…”