Exploring the quality of social information disclosed in non-financial reports of Croatian companies

PurposeThis paper aims to investigate the non-financial reporting (NFR) practices of Hungarian listed public interest entities for 2016–2018 in terms of the required disclosure content based on the 2014/95/EU Directive (ED).Design/methodology/approach The authors apply content analysis methodology on Hungarian firms subject to mandatory reporting under the ED. The target variable in the multivariate model is the reporting quality (Qi) measured by a combined index.Findings The authors find that the ED had a moderate impact on Hungary's reporting quality because the overall disclosure of the sample only increased from low to medium level. The authors found that the value of intangible assets is a determinant of the reporting quality before and after the implementation of the ED. The findings support the effect of coercive isomorphism on Hungarian NFR practices.Research limitations/implications The limitation of the research is the number of firms examined. However, the authors covered the entire (non-bank) community of the Hungarian firms subject to the ED.Practical implications The authors suggest that reporting entities build upon the synergy between intellectual capital disclosure and NFR when elaborating their reporting strategies. The authors recommend the integration of ethical matters into corporate strategies and policies. Policymakers may consider the revision of the Hungarian regulations. The authors suggest academics embrace these topics in teaching.Originality/value To the best of the authors’ knowledge, this is the first study that investigates the impact of ED in the context of Hungary. The authors contribute to the existing literature by adding the results of the ridge regression model, highlighting the importance of intangible assets.

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“…, 2017; Hoffmann et al. , 2018; Matuszak and Różańska, 2017; Peršić and Lahorka, 2018; Venturelli et al. , 2017, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

The non-financial reporting practices of Hungarian listed public interest entities considering the 2014/95/EU Directive

Lippai-Makra

Kovács

Kiss

2022

JAAR

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“…The study of subject areas in terms of keywords indicates that in recent years, special attention has been paid to the study of sustainable (Vallišová, Černá, and Hinke 2018), establish trends and regularities in the development of knowledge of reporting on sustainable development in the public sector (Stefanescu 2021), investigate the quality of social information disclosed in non-financial reports (Peršić and Lahorka 2018), investigate the sustainability of companies based on the importance of marketing communications in business (Jianu, Ţurlea, and Guşatu 2016), and increase business transparency through corporate social reporting (Dagilienė, Leitonienė, and Grenčikova 2014).…”

Section: Discussionmentioning

confidence: 99%

Sustainability Reporting Trends: A Systematic Literature Network Analysis

Hyk

Vysochan

2023

CER

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Compiling and submitting sustainable development reports is a key area for reforming corporate reporting in light of the implementation of the Sustainable Development Goals. In recent years, the share of companies that report sustainable development and corporate social responsibility has grown significantly. Thus, the study of the definition of the conceptual apparatus is important. The article aims to study the quantitative and qualitative structure of the documentary flow of scientific periodicals, the main areas of research, and development trends and. It also presents the results of a systematic review of publications on “sustainability reporting”. The study used bibliometric analysis of scientific periodicals from the Scopus scientometric database between 2011–2021. The scientific papers selected by the keyword “sustainability reporting” were exported for processing in the VOSviewer and R (bibliometrix package) computer programs. Based on the results of quantitative analysis, 625 publications were accepted, most of which were scientific articles. The main areas of research on sustainability reporting in accounting are sustainable development, sustainability, decision‑making, sustainability reporting, and accountability. The study also made it possible to identify the authors and research schools that have made the most significant contribution to this topic, and to establish geographical clusters in the context of countries around the world that work closely with each other and the highest‑rated journals. The originality of this study is that it helps to create a conceptual framework. It should guide the definition of future research, and it is designed to provide qualitative new insight into the role of sustainable development reporting. The article provides an opportunity to fill the gaps in quality research on sustainable development reporting. The main conclusions of this article will help researchers to expand their knowledge in this area through retrospective analysis of the research results.

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“…Mazzotta, Bronzetti, & Veltri (2020) find that Italian companies tend to disclose credible NFR in mandatory contexts. On the other hand, Peršić & Lahorka (2018) find that Croatian companies disclose social information, but the reliability of this information for benchmarking and competitiveness assessment is questionable.…”

Section: Main Research Topicsmentioning

confidence: 99%

EU Non-Financial Reporting Research

Monteiro

Cepêda²,

Silva³

2022

IJFAM

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Purpose: This paper presents a longitudinal evaluation of the research about Directive 2014/95/EU regarding Non-Financial Reporting (NFR), identifying the t theoretical approaches, methodological adopteds, and research topics. Research methodology: Data was collected from the Web of Science (WoS) database, between 2016 and 2021. The search criteria resulted in a total of 59 valid articles, after which we performed a quantitative bibliometric analysis using VOSviewer software. Results: Publications on this Directive 2014/95/EU has increased from 2015 to 2021. Findings show that most articles resorted to quantitative and qualitative methodologies, emphasizing content analysis, combined with other research methods. The frameworks based on stakeholders and institutional theories are very popular in the field. Research is focused on (1) Directive 2014/95/EU regulation, implementation, compliance, and investigation, (2) determinants and impacts of NFR, (3) NFR level/evolution and (4) reasons and skills for NFR. Papers published on EU non-financial information are very heterogeneous and lack consensus as to its impact on NFR. Limitations: This study only included the WoS database as a source of data collection, and it would be valuable in future studies to add other quality databases. Contribution: This research contributes to illuminating institutional pressures implication for NFR development. Therefore, this analysis is essential for institutions operating in accounting information standardization, as well as for information preparers given the necessity to acquire skills to ensure this new challenge related to the reporting of corporate social responsibility. Keywords: 1. Non-Financial Reporting 2. Directive 2014/95/EU 3. Institutional Pressures 4. Bibliometric literature review

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Exploring the quality of social information disclosed in non-financial reports of Croatian companies

Cited by 7 publications

References 21 publications

The non-financial reporting practices of Hungarian listed public interest entities considering the 2014/95/EU Directive

The non-financial reporting practices of Hungarian listed public interest entities considering the 2014/95/EU Directive

Sustainability Reporting Trends: A Systematic Literature Network Analysis

EU Non-Financial Reporting Research

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