CSR reporting practice: Is there room for integration? – Evidence from Serbian foreign investors

Knežević, Goranka; Pavlović, Vladan

doi:10.5771/0949-6181-2019-2-280

Cited by 7 publications

(4 citation statements)

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“…To assess the level of Corporate Social Disclosure (CSD) quality of the banks, we used the slightly corrected CSR Index developed by Montecchia et al (2016, p. 46), recently used by Knežević and Pavlović (2019), which is named EESGI (Environmental, Economic, Social, Governance index). Table 2 shows the variables used in the creation of this index.…”

Section: Methodsmentioning

confidence: 99%

Does gender diversity improve CSR reporting? Evidence from the Central and West Balkan banking sector

Knežević,

Pavlović,

Bojičić

2023

Economics &Amp; Sociology

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This study aims to investigate the effect of gender diversity in board of directors in banks on environmental, economic, social, and governance (CSR) reporting. The sample comprises 85 banks operating in the Central and West Balkan region. Research results suggest that gender diversity in a two-tier board system in bank boards does not affect CSR reporting as measured by the constructed EESG index with statistical significance. However, taking into consideration specific elements of this index, we found that gender diversity on the supervisory board had a positive effect on variables that compose this index. This is the first study to provide insight into gender and the CSR reporting nexus in the Central and West Balkan region. This study contributes to the discussions on those issues in a global scale and in terms of the banking sector in particular.

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Section: Methodsmentioning

confidence: 99%

Does gender diversity improve CSR reporting? Evidence from the Central and West Balkan banking sector

Knežević,

Pavlović,

Bojičić

2023

Economics &Amp; Sociology

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“…CSR in Serbia is more focused in the area of non-financial philanthropy and humanitarian activities, and companies consider it important for the business (Mijatović, et al, 2015). The CSR index and its relation with the integrated reporting in Serbia has been in the centre of research conducted by Knežević and Pavlović (2019). These researchers found that the integration of financial and non-financial information in financial and sustainability reports of Serbian companies is at a very low level.…”

Section: Literature Reviewmentioning

confidence: 99%

Analysing the Link Between CSR Reporting and Financial Performance Variables of Belgrade Stock Exchange Companies

Mijoković

Knežević

Mizdraković

2021

TEME

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Corporate Social Responsibility (CSR) reporting has been subject of various discussions of academicians and accounting practitioners. Although the importance of CRS reporting is not under question, the quality of disclosed non-financial information is still under review. In the light of the new Serbian Law on Accounting (Official Gazette of the Republic of Serbia 73/2019) and EU Directive 2014/95 requirements regarding non-financial information, this article investigates the state of non-financial reporting development in Serbian companies in the pre-EU Directive period in order to give suggestions to policymakers how to establish and structure the implementation of the EU Directive and expected challenges on this path. The current state of development of non-financial activities is measured by using content analysis and by creating a non-financial reporting index, namely the CSR index for the Serbian companies listed at Belgrade Stock Exchange. CSR index has been corelated with accounting variables (size of the company, auditor type (non/Big 4), revenue and financial results) in order to get deeper understanding of its value drivers. Serbian companies, listed as large, audited by Big 4 and with better financial performance variables, are companies with the higher value of the CSR index and have a higher quality of non -financial reporting. Big companies can serve as a benchmark for the rest of the companies in the economy, but also those companies will have fewer challenges in the EU non-financial Directive implementation in the post-Directive period. Therefore, Serbian policymakers should focus their attention and implementation procedures on the rest of the economy struggling with the non-financial reporting.

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“…Despite the fact that the level of non-financial reporting in Serbia is still low [49], in the field of WEEE recycling, the quantity of products recycled during the year is available, since all companies submit accurate reports, as the basis for obtaining government incentives. These reports are periodically published by the Environmental Protection Agency, and in the period 2011-2018, the quantity of recycled e-products ranged between 7084 t and even 37,004 t, with the maximum volume of recycling reached in 2016 [46] (p. 35).…”

Section: Socio-economic and Institutional Environment In The Republicmentioning

confidence: 99%

Sensitivity Analysis as a Tool in Environmental Policy for Sustainability: The Case of Waste Recycling Projects in the Republic of Serbia

Denčić-Mihajlov

Krstić²,

Spasić

2020

Sustainability

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Modern consumer society uses an increasing number of products to meet its needs, which become waste after use, thus posing a serious problem that threatens sustainable development. Investment in waste recycling, due to a high level of non-financial benefits, is considered sustainable, especially in the End-of-life Vehicles (ELV) and Waste Electrical and Electronic Equipment (WEEE) recycling areas. The research objective of this paper is to test the sensitivity of the model for sustainable management of recycling projects by applying a cost-benefit analysis (CBA) to investment projects of car and refrigerator recycling in the Republic of Serbia. By testing the key risk factors of the above investment projects within the sensitivity analysis, the main aim is to determine the critical value of these variables in terms of the financial and social acceptability of these investment alternatives. The results obtained indicate that state subsidies have the greatest influence on defining the model of sustainable investment, especially in the field of e-waste recycling. The impact of other factors, the price of secondary raw materials and the social cost of CO2 emissions, is significantly smaller, but should certainly be taken into account when defining the optimal model of sustainable investment.

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CSR reporting practice: Is there room for integration? – Evidence from Serbian foreign investors

Cited by 7 publications

References 0 publications

Does gender diversity improve CSR reporting? Evidence from the Central and West Balkan banking sector

Does gender diversity improve CSR reporting? Evidence from the Central and West Balkan banking sector

Analysing the Link Between CSR Reporting and Financial Performance Variables of Belgrade Stock Exchange Companies

Sensitivity Analysis as a Tool in Environmental Policy for Sustainability: The Case of Waste Recycling Projects in the Republic of Serbia

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