Formation of Non-Financial Reporting: International and Russian Practice

Potasheva, O. N.; Korneeva, T.A.

doi:10.46554/1993-0453-2020-5-187-97-105

Cited by 1 publication

(2 citation statements)

References 3 publications

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“…As our study has shown, companies in the construction sector actively use debt financing, regardless of financial constraints, which does not confirm the results of [6]. For large companies, the share of loan financing is about 60%, for medium-sized companies up to 90%, and for small companies 70%.…”

Section: Discussioncontrasting

confidence: 85%

“…For the funding party, information transparency is a risk factor that affects the efficiency of funding. That is why, despite the studies devoted to evaluating of Russian companies financing structure [5], financial constraints that affect investment decisions of Russian companies [6] and construction companies, in particular, the issues of interrelation between the level of financial transparency and the financial position of companies [7] remain essential.…”

Section: Introductionmentioning

confidence: 99%

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The impact of transparency on funding construction companies in Russia

Lisitskaya

Maziy²

2023

E3S Web of Conf.

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The article is devoted to the study of the impact of transparency on the formation of funding sources, by the example of a construction industry enterprise. The literature review covers studies revealing the concept of transparency as an initial condition for creating an environment in which there is complete, reliable and open information for taking various decisions. The issue of creating a trusted environment is particularly sharp when taking funding decisions, since, for the funding party, information transparency is a risk factor influencing efficiency of funding. Generalization of the available studies has shown a special significance of such studies for subjects of the construction industry, which have distinctive funding source choice industry features. The study was conducted on a selection of construction companies of Russia. The results of the study showed that transparency has a significant impact on the ability to attract funding, especially on a long-term basis. Achieving optimal transparency allows not only increasing debt sources of financing, but also optimizing their structure due to high confidence on the part of capital suppliers. Besides, a dependence of transparency and resistance of a company to external factors is revealed, i.e., financial stability of financially transparent companies is maintained in the long-term perspective.

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Section: Discussioncontrasting

confidence: 85%

Section: Introductionmentioning

confidence: 99%