SMEs Stakeholders’ Needs on Valuation and Financial Reporting

Strouhal, Jiří; Bonaci, Carmen Giorgiana; Deaconu, Adela; Müllerová, Libuše; Paseková, Marie

doi:10.1007/s11294-010-9273-0

Cited by 6 publications

(4 citation statements)

References 3 publications

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“…Our paper has some limitations regarding the data relating to characteristics of the sustainability reports for the listed companies and the fact that there is no standardized model [89] to be followed by all of them, as was noted by Sherman [46] who said that the reports must be relevant and comparable. In addition, for the SMEs, the stakeholders need more information so that they can play a useful part in decision making [96].…”

Section: Discussionmentioning

confidence: 99%

Doing Well or Doing Good: The Relationship between Corporate Social Responsibility and Profit in Romanian Companies

et al. 2018

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The traditional goal of a company is to earn profit to pay its shareholders, but, nowadays, for the business to be sustainable in the long term, a strategy of Corporate Social Responsibility (CSR) activities is needed to meet stakeholder demands, respect ethical principles and give an appropriate answer to organizational stakeholders. The objective of the paper is to identify how strong the correlation between CSR and profit is, and how companies behave in the periods they have losses, whether they continue to do CSR activities, they reduce the activities, or they give them up. Thus, CSR is attributed to the concept of "doing good" and profit to the expression of "doing well", from which a "positive business" can be built. Our empirical research consists of a panel data econometric model using logistics regressions to highlight the correlation between profit and the decision to do CSR activities and feasible generalized least squares (FGLS) regressions to identify the correlations between the level of CSR activities and the dimension of profit, an expression of financial performance. The main results emphasize that the companies which implement CSR activities in a greater extent are more profitable in economic terms.

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Section: Discussionmentioning

confidence: 99%

Doing Well or Doing Good: The Relationship between Corporate Social Responsibility and Profit in Romanian Companies

et al. 2018

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“…Although the importance of determining users’ needs is a prominent theme in the literature and accounting conceptual frameworks, it is not clear that the standard setters know users’ identities or needs in practice (Strouhal et al. ; Young ). Deaconu et al.…”

Section: Determining Financial Report Users’ Information Needsmentioning

confidence: 99%

SME Reporting in Australia: Where to Now for Decision‐usefulness?

Handley

Wright

Evans

2017

Australian Accounting Review

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This paper develops recommendations for simplified decision-useful SME financial reporting in Australia -a country that has traditionally allowed a wide range of reporting standards to be used by these entities. Drawing on interviews and comment letters from a number of stakeholders, and data from a survey of users of financial statements of non-publicly accountable unlisted entities, we analyse stakeholder arguments for and against SMEs providing less detailed reports, and identify the line items that might be most useful to users for decision making.

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“…there could be seen a direct regulation of accounting throughout acts, decrees and various accounting standards. For this direct regulation is obvious a linkage between accounting and taxes [1]- [6]. Financial accounting is in such a case unified and cannot bring some additional effects for specific financial statement users.…”

Section: Introductionmentioning

confidence: 99%

Historical Costs or Fair Value in Accounting: Impact on Selected Financial Ratios

Strouhal¹

2015

JOEBM

Self Cite

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Abstract-Paper discusses the issues of currently used valuation models in financial reporting systems. During last three decades there could be seen a visible trend of shifting from traditional historical costs accounting towards fair value accounting (or mark-to-market accounting respectively). The analytical part of this paper addresses the impact of studied valuation models on selected financial ratios with the purpose of identifying the most and the less sensitive ones on various valuation models.

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SMEs Stakeholders’ Needs on Valuation and Financial Reporting

Cited by 6 publications

References 3 publications

Doing Well or Doing Good: The Relationship between Corporate Social Responsibility and Profit in Romanian Companies

Doing Well or Doing Good: The Relationship between Corporate Social Responsibility and Profit in Romanian Companies

SME Reporting in Australia: Where to Now for Decision‐usefulness?

Historical Costs or Fair Value in Accounting: Impact on Selected Financial Ratios

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