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Autor
Yovogan Marcellin M. (Sofia University "St. Kliment Ohridski", Bulgaria)
Tytuł
Firm Performance and Non-financial Reporting in Bulgarian Companies
Źródło
Zeszyty Naukowe Uniwersytetu Szczecińskiego. Finanse, Rynki Finansowe, Ubezpieczenia, 2011, nr 37, s. 161-169, tab., bibliogr. 18 poz.
Słowa kluczowe
Sprawozdawczość niefinansowa, Ekonomiczna wartość dodana, Sprawozdawczość
Non-financial reporting, Economic Value Added (EVA), Reporting
Uwagi
streszcz., summ..
Kraj/Region
Bułgaria
Bulgaria
Abstrakt
Firm performance is widely measured through the use of financial indicators, such as ROI, ROA or EVATM. This article aims at highlighting non financial performance indicators as disclosed by Bulgarian companies. We studied the financial statements and management reports of a sample of companies from different industries, in order to find, to which extent, non-financial information disclosure was available. Social responsibility, human capital and environment are key non-financial indicators studied and based on the Global Reporting Index (GRI) guidelines. We found, that the financial services industry tends to publish sufficient non-financial performance indicators, and has been spearheading the adoption of non-financial information disclosure guidelines. Companies listed on the Bulgarian stock exchange, tend to report more non-financial information than non-listed companies. Large-scale firms disclose more non-financial information than SMEs. Finally, no relationship between non-financial reporting and firm performance was established, though the firms studied showed positive financial indicators. Non-financial reporting is used for communication purposes rather than for perspectives on performance valuation.(original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
Biblioteka Główna Uniwersytetu Szczecińskiego
Pełny tekst
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Bibliografia
Pokaż
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  8. GRI, "The Transparent Economy - Six tigers stalk the global recovery - and how to tame them", 2010.
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  14. Pava M.L., Krausz J.: The Association between Corporate Social Responsibility and Financial Performance: The Paradox of Social Cost, Journal of Business Ethics, Issue 15, Volume 3, pp. 321- 357, 1996.
  15. Stern J., Stewart G.B., Chew D.: The EVATM: Financial Management System. Journal of Applied Corporate Finance 8:2, 32-46. Journal publisher Stern Stewart Management Services Inc., 1995.
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Cytowane przez
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ISSN
1640-6818
1733-2842
Język
eng
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