The impact of the publication of non-financial statements on the financial performance of companies with the identification of intersectoral features

Abstract

Investor expectations, rather than fundamentals, are increasingly influencing the value of a company. At a time when nonfinancial assets are becoming an important component of determining the value of the company, the disclosure of non-financial statements as a source of more extensive and meaningful information than financial statements, is becoming an increasingly popular topic of discussion of the scientific and business communities. Non-financial reporting includes "various types of external reporting provided by organizations to their stakeholders and covering those aspects of the organizations that go beyond the historical framework of financial performance". The information contained in non-financial reports can help investors form an opinion about the intellectual, financial, natural, human and social capital of the company and make a decision about investing. In the developed world, the publication of nonfinancial statements has become a common norm, while in Russia only a small proportion of companies still issue this type of reporting. The study of publishing non-financial reports dedicated to both theoretical and empirical literature, most empirical studies showed a positive effect of issue of non-financial reporting on the financial stability of companies. However, these studies do not focus on the impact of the publication of non-financial statements on the financial performance of companies in Russia. The purpose of this article is to study the impact of the publication of non-financial statements on the financial performance of Russian companies with the identification of intersectoral features. As a result of this study, it will be possible to understand how the disclosure of non-financial information affects the financial performance of Russian companies. From a practical point of view, this can help managers of companies in various industries to realize the importance or, conversely, the absence of the need to publish non-financial statements as a factor that can increase the credibility of the company in the eyes of investors and positively affect the financial results.

Impact of the COVID-19 Pandemic on Online Consumer Purchasing Behavior

“…Income losses, limited transport opportunities, and pandemic mitigation measures, which caused the reduction of supplier activities, have forced B2B manufacturers and sellers to reduce production and marketing costs, find new suppliers both abroad and within the country, and accelerate decision making. National companies received opportunities to diversify their product portfolio for the purposes of import substitution and to supply other firms and branches of foreign companies with necessary resources [3,4]. B2C markets, on the other hand, encountered a decline in purchasing power and cross-border mobility.…”

October-2020

“…The average peasant farm in the study region should have an area of arable land per farm of about 80 hectares, of the use of horses in other areas [7,8,12,13]. Thus, serious attention is paid to the issues of genetics management, nutrition, technology, veterinary medicine, breeding, and ecology [14][15][16][17][18][19][20][21][22]. In this regard, it is almost impossible to compare productive horse breeding using economic parameters.…”

Implementation of National Projects During the Covid-19 Pandemic

“…Правительству страны необходимо стимулировать направление финансовых ресурсов из федеральных, региональных и местных бюджетов и поощрять инвестиции корпораций, направленные для промышленное и экономическое развитие [15,16]. Национальные проекты предоставляют большие возможностей для занятости и увеличения социальных выплат за счет государственных расходов.…”