Financial reporting of intangible assets – evidence on information and communication companies in Czech Republic

Маликова, О.И.; Brabec, Zdeněk; Rozkovec, Jiří

doi:10.14254/2071-8330.2018/11-2/22

Cited by 3 publications

(1 citation statement)

References 17 publications

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“…462/2016 requires disclosure and verification of non-financial information as of 1 January 2017 extending the disclosure obligation to large entities, specifying their structure and form of publication in an annual or separate report. As reported by Kašparová and Škapa (2008), or later Malíková et al (2018) many companies began to report environmental and social information, but the content and form varied greatly.…”

Section: Introductionmentioning

confidence: 99%

Non-Financial Reporting of Industrial Corporations - A Czech Case Study

Sedláček¹

2020

Acta Univ. Agric. Silvic. Mendelianae Brun.

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Scientific research and studies from recent years point to the growing interest of large multinational corporations in publishing reports that inform the public not only about their performance, but also about their behavior in terms of social responsibility and long-term sustainability. These are not only effects in the context of their success, but also the negative impacts of their environmental, social and administrative activities. Although corporate responsibility reporting integrating financial and non-financial information is becoming a standard practice, these approaches have not yet been investigated or published in the Czech region. Therefore, the aim of the research was to determine how the new quality of reporting is perceived by Czech industrial corporations. Data for empirical research were excerpted from reports published in 2018. To verify the generally perceived assumption of a positive correlation between the size of corporations and the quality of their reports, respectively between reporting quality and corporate performance, eight hypotheses have been formulated. The Chi-Square independence test was used to confirm or refute the hypotheses. The tests confirmed a significant dependence of reporting quality on the size of the corporation. A positive correlation was also found between quality of report and performance, but the expected negative correlation between indebtedness could not be demonstrated.

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Section: Introductionmentioning

confidence: 99%

Non-Financial Reporting of Industrial Corporations - A Czech Case Study

Sedláček¹

2020

Acta Univ. Agric. Silvic. Mendelianae Brun.

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The impact of energy companies on the environment and local communities - disclosures in non-financial reports of companies

Lulek,

Sadowska,

Walasek

et al. 2024

EiS

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Energy companies recognise the impact of their activities on the environment and society and undertake various initiatives to reduce emissions, improve energy efficiency, protect biodiversity, and support the development of local communities. However, the degree and way this information is disclosed varies by company, market and region. The aim of the article is to indicate (1) how information about the natural environment and local communities is presented in annual reports (2) to indicate the frequency of occurrence of the keywords: environment, community, and responsibility in annual reports. The article emphasises the importance of transparent and comprehensive corporate reporting, which reflects the involvement of energy companies in broadly understood sustainable development (impact on the environment and local communities), which can increase stakeholder trust. The study fits into the current scientific discussion on the issues of the European Green Deal. It also implies that better reporting can facilitate investment decisions and that companies should be more forthcoming about their environmental and social initiatives.

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Non-financial Reporting of Corporations – a Czech Case Study

Sedláček

2020

Wseas Transactions on Business and Economics

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Although reporting on the responsibility and beneficial effect of a corporation is becoming standard practice, it is traditionally considered as part of the annual financial performance report in the Czech region. A change to the new form and content was to be ensured by an amendment to the legislation with effect from 1 January 2017. The perception of new approaches has not been investigated or published to date so the aim of the research was to ascertain how the new quality of reporting is applied in Czech corporations. Data for empirical research was excerpted from reports published by large public interest entities in 2018. To verify the generally perceived assumption of a positive correlation between the size of corporations and the quality of their reports, or more precisely between the quality of reports and the satisfaction of users' needs, the methods of quantitative and qualitative financial analysis were applied. The analyzes have yielded comparable results to global developments in the publication of non-financial information in terms of form and content. Lower representation has been reported in the fight against corruption and environmental protection. The model for measuring the quality of non-financial reports based on a point score confirmed a higher medium to high degree of quality.

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Financial reporting of intangible assets – evidence on information and communication companies in Czech Republic

Cited by 3 publications

References 17 publications

Non-Financial Reporting of Industrial Corporations - A Czech Case Study

Non-Financial Reporting of Industrial Corporations - A Czech Case Study

The impact of energy companies on the environment and local communities - disclosures in non-financial reports of companies

Non-financial Reporting of Corporations – a Czech Case Study

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