scholarly journals Managerial reporting by food production companies in Slovakia in 2017

2019 ◽  
Vol 11 (3) ◽  
pp. 71-85
Author(s):  
Renáta Pakšiová ◽  
Kornélia Lovciová
Keyword(s):  
Slovak Republic ◽  
Waste Product ◽  
Financial Information ◽  
Annual Reports ◽  
The European Union ◽  
Economic Activities ◽  
Labour Relations ◽  
Corporate Reporting ◽  
The Social ◽  
Managerial Reporting

Abstract Corporate reporting on non-financial information has been currently gaining much more interest compared to the past. Most food enterprises believe that performing responsibly and showing an interest in society and the environment will produce a profit and benefit them as well as society. Such cases, in which enterprises report on non-financial information, were the subject of this research. The study aims to discover the managerial reporting of 2017 on the social and environmental effects of food companies in Slovakia to better understand problems in this regard. 2017 was the first year when enterprises were required to draft annual reports containing non-financial information following the amendment to the Slovak law that resulted from the European Union requirements. Across the world, reporting on non-financial information is regulated by voluntary guidelines. The paper presents conclusions of a content analysis of annual food business reports in the Slovak Republic in the context of G4 (GRI) directives from social and environmental points of view as key elements in social responsibility reporting. Individual social and environmental aspects of the research are disclosed by an enterprise if the information in its annual report conforms to defined G4 activities (GRI). All the food enterprises operating in Slovakia that compiled annual reports for 2017 were included in the research. Therefore, 142 annual reports with economic activities in 26 subclasses in the food industry sector were selected. The results present a current and comprehensive (full) reporting overview of this industry in Slovakia and reveal several shortcomings in executive reporting. The analysis of the environmental information in the annual reports shows that food enterprises reporting on environmental protection mainly focus on waste, product services, wastewater, materials and energy, evidenced by information about ongoing monitoring of the environmental impacts of production. In the social category, the G4 (GRI) directive defines four main aspects: (i) labour relations and the environment, (ii) human rights, (iii) society and (iv) liability for products.

Spain — China: dynamics of trade and economic relations development

2021 ◽  
pp. 139-148
Author(s):  
Alexandra Mikhailovna Anikina
Keyword(s):  
Development Strategy ◽  
Trade Flow ◽  
Interdisciplinary Approach ◽  
Annual Reports ◽  
The European Union ◽  
Economic Activities ◽  
Strategic Partner ◽  
Investment Activity ◽  
Economic Relations ◽  
Agroindustrial Complex

Spain is a member state of the European Union, which occupies one of the leading places in the world economy. Over the past decade, this country has paid particular attention to expanding the internationalization of its economy, including by striving for geographical diversification of exports and investment activity, for taking on new target markets for products produced in the country, especially agricultural ones, since traditionally the main partners of the country in foreign economic activity are member states of the EU. A development strategy of foreign economic activities (FEA) was developed in the country to achieve these goals. China is not the main trade and economic partner of Spain, however, it is a strategic partner with a high potential for developing bilateral cooperation. The article studies the dynamics of the development of foreign economic relations between Spain and China from 2008 to 2019; main data of export-import operations, including by commodity groups, are given; principal developments in bilateral relations are mentioned. It is concluded that the growth rate of trade flow has increased by more than 65 % over 10 years, including the expansion of Spanish export supplies, in particular products of agroindustrial complex (AIC), share of which reached 30 % in 2019; intensification of interaction at the institutional level is noted, as well as expansion of the activities of Spanish transnational corporations (TNC) in China, where at least one of the corporations opened its 23rd production facility in 2019. The author used a systematic and interdisciplinary approach when working with a variety of scientific and practical materials, including Spanish legislation, annual reports and statistics of national government bodies, analytical reviews of international economic organizations, media publications, as well as economic and statistical analysis. The scientifi c novelty of the work is in a comprehensive analysis of the dynamics of the development of trade and economic relations between Spain and China.

scholarly journals Analysis of the integrated reporting use in EU countries

2020 ◽  
Vol 18 (3) ◽  
pp. 106-117
Author(s):  
Magdalena Bochenek
Keyword(s):  
Critical Analysis ◽  
Statistical Technique ◽  
Financial Information ◽  
The European Union ◽  
Integrated Reporting ◽  
Eu Countries ◽  
Corporate Reporting ◽  
The Relationship ◽  
The Eu

Integrated reporting (IR) is an important element in the development of corporate reporting in the European Union (EU). It turns out that stakeholders need not only financial but also non-financial information about the company. Due to changes in the environment, the role of CSR is growing. Enterprises undertake more and more pro-social and pro-environmental activities. European countries and organizations introduce regulations and recommendations that are to improve and standardize IR. The article aims to present IR within the EU and analyze the relationship between the number of reports prepared and the welfare of individual countries. Research methods used in the article are study by action, statistical technique, and critical analysis of literature. The development of IR in the EU is briefly described. It was also analyzed whether there is a correlation between the popularity of IR in a country and its wealth. A high correlation was found between the wealth of a given country and the number of integrated reports prepared. The wealthier the country, the more integrated reports are made there. There is a big difference in the popularity of IR between the EU countries which joined the EU before 2004 and those in the EU from 2004 or later. More than 200 integrated reports are prepared in the countries that joined the EU before 2004 than in the countries that joined the EU in 2004 or later. Although the popularity of IR is growing steadily, there are still a few EU countries where integrated reports are hardly ever present.

IR in Romania

2017 ◽  
pp. 46-50
Keyword(s):  
Financial Performance ◽  
Conceptual Model ◽  
National Level ◽  
Financial Information ◽  
Annual Reports ◽  
Successful Implementation ◽  
Integrated Reporting ◽  
Reporting Scheme ◽  
Corporate Reporting ◽  
Social Environmental

This chapter investigates the topic of integrated reporting at national level. We demonstrate that a Romanian company, Rosia Montana Gold Corporation, issued in 2010 an Annual Report that can be considered a real prototype of an integrated report. Derived from the need to fulfill the gaps in corporate reporting (lack of non-financial information in the annual reports, organizations' failure in explaining social/environmental/other impacts, aggregation of CSR/environmental/social reports in the annual reports – without any connectivity to the financial performance, etc.), the new IR trend should be shaped by international accounting organizations and accountancy profession. This is one of the few studies that aimed to develop a conceptual model for the integrated report that can be applied by companies intending to implement this reporting practice. The originality of our book results from the various perspectives contained in our model: from the IIRC content elements and principles, to IASB/IFRS implications for integrated reporting. Finally, we strongly believe that the evolution of integrated reporting will end with a common standard issued by IASB/IFRS in cooperation with IIRC, and even European legislation/ or going further- national requirements. Therefore, research on a complex framework for integrated reporting (that has to address both financial and non- financial focus) and provide extended guidelines for an integrated report, should be useful for standard setters – for regulatory purposes, and companies- for a successful implementation of this reporting scheme.

Conceptual Model

2017 ◽  
pp. 14-34
Keyword(s):  
European Union ◽  
Conceptual Model ◽  
Financial Information ◽  
Annual Reports ◽  
The European Union ◽  
Integrated Reporting ◽  
Social Audit ◽  
Disclosure Requirements ◽  
Set Up ◽  
Audit Standards

The current chapter explains the conceptual model outlined in this manuscript: how we arrived to our original Integrated Reporting <IR> Prototype Framework. Finally, we seek to demonstrate that the information from the framework is mostly disclosed in corporate annual reports, and that there is interest for integrated reporting adoption. The IR elements from our prototype framework resulted from accountancy profession expertise (ICAEW, IFAC, FEE, and others) International Integrated Reporting Committee (IIRC) Guidelines, IFRS-IASB standards with impact on both financial and non-financial information, social audit standards (SA8000 and AA1000), or disclosure requirements set up by a Directive of the European Union.

Corporate Reporting on the Internet

1999 ◽  
Vol 13 (3) ◽  
pp. 241-257 ◽  
Author(s):  
Hollis Ashbaugh ◽  
Karla M. Johnstone ◽  
Terry D. Warfield
Keyword(s):  
Financial Reporting ◽  
Web Sites ◽  
Data Gathering ◽  
Financial Information ◽  
Financial Data ◽  
Annual Reports ◽  
The Internet ◽  
Corporate Reporting ◽  
Internet Presence ◽  
Use Of The Internet

In this paper, we examine firms' use of the Internet to enhance the relevance of their financial reporting. We define a firm as practicing Internet Financial Reporting (IFR) when it provides in its web site either (1) a comprehensive set of financial statements (including footnotes and the auditors' report), (2) a link to its annual report elsewhere on the Internet or (3) a link to the U.S. Security and Exchange Commission's (SEC) Electronic Data Gathering, Analysis and Retrieval (EDGAR) system. While 70 percent of the firms in our sample engage in IFR, we find substantial variation in the quality of firms' IFR practices. Specifically, the variations in quality pertain to the timeliness and therefore, the usefulness of firms' financial reporting on the Internet. We find that some firms provide more timely financial disclosures via the Internet (e.g., monthly sales) while other firms report outdated financial data (e.g., two-year old annual reports). We also observe that the usefulness of firms' financial reporting on the Internet depends on how easy it is to access that data, the amount of data disclosed and/or whether users can download or analyze the data. To substantiate firms' incentives for engaging in IFR, we sent surveys to firms with web sites in our sample and asked them to report their perceived costs and benefits related to establishing an Internet presence. Firms responded to our questions about why they established an Internet presence by indicating that they perceive their web sites to be an important vehicle to disseminate information to shareholders. After documenting how and why firms use the Internet to voluntarily disclose financial information, we develop the implications of such practices for consumers who demand financial information, firms that supply financial data, auditors and market regulators.

scholarly journals Integrated Reporting Practice and Disclosure in Bangladesh’s Banking Sectors

2019 ◽  
Vol 3 (2) ◽  
pp. 147
Author(s):  
Niaz Mohammad
Keyword(s):  
Annual Report ◽  
Sustainability Reporting ◽  
Financial Statements ◽  
Financial Information ◽  
Annual Reports ◽  
Integrated Reporting ◽  
Corporate Reporting ◽  
Reporting Practice ◽  
Social Environmental ◽  
Corporate Social

Integrated reporting (IR) is a new form of corporate reporting that has emerged after decades of calls by academics and practitioners for more holistic and integrated corporate reporting on the economic, environmental, and social aspects of business. The present research relied on a critical review of the literature on IR practices and sustainability reporting. Indexed journals were reviewed, and evidence was drawn upon to develop a model examining the possible determinants of IR in annual reports. To this end, reports from 20 different banks from 2012 to 2017 were considered. Analyzing the financial statements of these banks through their annual reports provided insightful disclosures concerning triple bottom lines (social, environmental, and economic); the findings of the study suggested that very few banks have taken initiatives to disclose such information in their annual reports. Using annual report content analysis, the findings showed that in 2017, companies started providing non-financial information regarding the environment, society, and governance along with financial figures. However, it is noteworthy that companies still provide this information in disconnected strands and as part of corporate governance or corporate social responsibility disclosures instead of linking such information to financial information and providing it within integrated reports.

Religious and social commitment of the Bulgarian Roma migrants in Spain

2018 ◽  
Vol 33 (2) ◽  
pp. 224-241
Author(s):  
Magdalena Slavkova
Keyword(s):  
Migrant Workers ◽  
Social Ties ◽  
Religious Community ◽  
The European Union ◽  
Economic Activities ◽  
Social Commitment ◽  
The Social ◽  
And Migration ◽  
Migratory Movements

This paper is configured as an ethnographic discussion on the religious and social ties of different Roma/Gypsy communities from Bulgaria within their post-socialist labour migrations to Spain. It aims to add new fieldwork results and interpretations to the lacuna of studies on the interrelations between faith and migration. Most publications show the specificity of Roma economic activities in the context of their migratory movements, but the role of religious network and its social commitment is a less analysed issue. Roma migrants have different religious profile and are Orthodox Christians, Muslims, or Evangelical Christians. Bearing in mind the religious landscapes in Bulgaria and Spain, which are predominantly Orthodox or Catholic, respectively, all migrant workers have left from an Orthodox home country and settled in a Catholic destination country. The text examines Roma mobility from the early 1990s until today. While settling in Spain, Roma/Gypsies present themselves to Spanish people as ‘Bulgarians’ and they are often recognised by them in this way. In the period prior to Bulgaria’s accession to the European Union in 2007 most Roma migrants had no residence or work permits or neither. In some cases, they benefited from the services of the ‘Caritas’ Catholic organisation. However, they are not influenced by Catholicism as a faith and have only pragmatic aims in using its services. In this dynamic context, the social ties created on the basis of joining a particular religious community acquire importance for Evangelical believers, unlike the Orthodox Christians and the Muslims who rely on their family contacts mostly. Evangelical networks have a double accumulation effect and the believers employ both bridging and bonding social ties in producing their religious and social commitment. However, the social potential of the Evangelical networks is not fully used by Roma migrants in Spain.

scholarly journals TINKAMAS KOLEKTYVINIŲ DARBO SANTYKIŲ VALDYMAS EUROPOS SĄJUNGOJE PASITELKIANT SOCIALINĮ DIALOGĄ

Teisė ◽  
2015 ◽  
Vol 92 ◽  
pp. 7-18
Author(s):  
Andrzej Marian Świątkowski
Keyword(s):  
European Union ◽  
Good Governance ◽  
The Other ◽  
The European Union ◽  
Labour Law ◽  
Public Authorities ◽  
Labour Relations ◽  
Social Dialogue ◽  
The Social ◽  
Supranational Level

Straipsnyje supranacionaliniu Europos Sąjungos lygiu analizuojamas tinkamas kolektyvinių darbo santykių valdymas pasitelkiant socialinį dialogą, įvertinant suformuluotus tinkamo valdymo principus, kitus svarbius kriterijus socialinei taikai prižiūrėti ir jai garantuoti, skaidraus socialinio dialogo užtikrinimo galimybes, tinkamą pilietinės visuomenės atstovų dalyvavimą socialiniame dialoge ir viešosios valdžios atsakomybę. Taip pat analizuojami Europos Sąjungos teisės aktai ir rekomendacijos bei ekspertų nuomonė, atsižvelgiama į autoritetingas darbo teisės mokslininkų išvadas, atskleidžiant socialinio dialogo ypatybes ir trūkumus Europos Sąjungos lygiu.The article analyses the good governance of the collective labour relations via social dialogue at the supranational level of the European Union, evaluating the formulated principles of good governance, the other important criteria to maintain and guarantee the social peace, the possibilities to ensure the transparency of social dialogue, the appropriate participation of civil society representatives in the social dialogue as well as the responsibility of public authorities. The article analyses legal acts of the European Union, recommendations and the opinions of experts, also taking into account the authoritative conclusions of labour law scholars, revealing the peculiarities and drawbacks of the social dialogue at the European Union level.

PENGARUH PENYELENGGARAAN HAJI TERHADAP PENINGKATAN AKTIVITAS EKONOMl DI WILAYAH PROPINSI DKI JAKARTA

ALQALAM ◽  
2013 ◽  
Vol 30 (2) ◽  
pp. 380
Author(s):  
Chairul Akmal
Keyword(s):  
Secondary Data ◽  
Travel Agency ◽  
Economic Activities ◽  
Factors Affecting ◽  
Regression Methods ◽  
The Social ◽  
Travel Agencies ◽  
Relationship Model ◽  
Small Medium Enterprises ◽  
Medium Enterprises

This research analyzes some factors affecting economic activities in relation with the conduct of pilgrimage. Those factors are the pilgrimage cost, the amount of pilgrims, and the amount of pilgrimage officers. The objective of this research is to acquire the information of how each factor and all factors together affect the economic activities. This research also analyzes the effect of foods and drinks expenses, the effect of nonfoods and drinks expenses, and the effect of miscellaneous expenses on UMKM - Micro, Small, Medium enterprises' economic activities.             This research is conducted in DKI Jakarta in 2007. The population of this research is the average economic activities in DKI Jakarta in 2007. There are 42 respondents (Banks), 157 respondents (travel agencies), and 50 respondents (UMKM - Micro, Small, Medium enterprises) which are taken as samples from the population using the purposive sampling method. The data is obtained by the researcher using questioners and secondary data which is taken from 1990-2007.             The methodology used in this research is based on. the causal relationship model In testing the hypothesis of this research, the researcher uses the simple and multiple regression methods, and path analysis method. The significant rate a = 0,05 used in determining the interpretation of the statistic result. The data is processed using SPSS (Statistical Packages for the Social Sciences) version 12.00.             The results of the analysis in the 1st equation -are (i) the effect of the pilgrimage cost on banks' revenues is quite strong, (ii) the effect of the pilgrimage cost on travel agencies' revenues is quite strong, (iii) the effect of the pilgrimage cost on UMKM - Micro, Small, Medium enterprises' revenues is weak.             The results of the analysis in the 2nd equation are (i) the effect, of the amount of pilgrims on Banks' revenues is very weak, (ii) the effect of the amount of pilgrims on travel agencies' revenues is very weak, (iii) the effect of the amount of pilgrims on UMKM - Micro, Smal4 Medium enterprises' revenues is very weak.             The results of the analysis in the 3rd equation are (i) the effect of the amount of pilgrimage officers on banks' revenues is very weak, (ii) the effect of the amount of pilgrimage officers on travel agencies' revenues is very weak, (iii) the effect of the amount officers on UMKM-Micro, Small Medium enterprises' revenues is very weak.   The results of the analysis in the 4th equation are (i) the effect of all three factors which are the pilgrimage cost, the amount of pilgrims, and the amount of pilgrimage officers simultaneously on banks' revenues is very strong, (ii) The effect of all three factors which are pilgrimage costs, the amount of pilgrims, and the amount of pilgrimage officers simultaneously on travel agencies' revenues is strong, (iii) The effect of all three factors which are pilgrimage costs, the amount of pilgrims, and the amount of pilgrimage officers simultaneously on UMKM-Micro, Small Medium enterprises' revenues is strong.             The result of the analysis in the 5th equation is the effect of foods and drinks expenses on UMKM-Micro, Small Medium enterprises' revenues is weak. In the 6th equation, the effect of nonfoods and drinks expenses on UMKM-Micro, small Medium enterprises' revenues is weak. In the 7th equation, the effect of miscellaneous expenses on UMKM - Micro, Small Medium enterprises' revenues is quite strong. In the 8th equation, the effect of all three factors which are the effect of foods and drinks expenses, the effect of nonfoods and drinks expenses, and the effect of miscellaneous expenses simultaneously on UMKM-Micro, Small Medium enterprises' revenues is quite strong.             The implication of the research results mentioned above is the factors in the conduct of pilgrimage do increase the economic activities (Banks, Travel Agencies, and UMKM - Micro, Smal4 Medium enterprises) in DKI Jakarta. Therefore, considering that matter, the General Director of the conduct of pilgrimage division of Department of Religion Republic of Indonesia should determine the pilgrimage cost which is affordable, increase the service, and provide a good information system which will result in a better conduct of the pilgrimage. Key word: The Costs of Hajj, Hajj Officer, Travel Agency, UMKM

SOCIALIZATION AND SOCIAL QUALITY AS INSTRUMENTS OF THE STATE POLICY OF SOCIO-ECONOMIC DEVELOPMENT

2020 ◽  
Vol 2020 (10) ◽  
pp. 3-18
Author(s):  
Valeriy HEYETS ◽  
Keyword(s):  
Economic Development ◽  
Public Administration ◽  
State Policy ◽  
Social Dimension ◽  
The European Union ◽  
Association Agreement ◽  
Social Quality ◽  
The Social ◽  
Socio Economic Development ◽  
The Individual

Self-realization of the individual in the conditions of using the policy of “social quality” as a modern tool of public administration in a transitional society is largely related to overcoming the existing limitations of the individual in acting in such a society and economy transitioning to a market character. Given that, in particular, in Ukraine the market is hybrid (and this is especially important), the existing limitations in self-realization of the individual must be overcome, including, and perhaps primarily, through transformations in the processes of socialization, which differ from European practices and institutions that ensure its implementation. Thus, it is a matter of overcoming not only and not so much the natural selfish interests of the individual, but the existing gap in skills, which are an invisible asset to ensure the endogenous nature of economic growth. It is shown that there is an inverse relationship between the formation of socialization and the policy of “social quality”, which is characterized by the dialectic of interaction between the individual and the group and which is a process of increasing the degree of socialization. The latter, due to interdependence, will serve to increase the effectiveness of interaction between the individual and the group, which expands the possibilities of self-realization of the individual in terms of European policy of “social quality” as a tool of public administration, whose successful application causes new challenges and content of the so-called secondary sociology. The logic of Ukraine's current development shows that new approaches are needed to achieve the social development goals set out in the Association Agreement between Ukraine and the European Union and to minimize the potential risks and threats that accompany current reforms in Ukrainian society. They should introduce new forms of public administration to create policy interrelationships of all dimensions, as proposed, in particular, by the social quality approach to socialization, the nature of which has been revealed in the author's previous publications. As a result, the socio-cultural (social) dimension will fundamentally change, the structure of which must include the transformational processes of socialization of a person, thanks to which they will learn the basics of life in the new social reality and intensify their social and economic interaction on the basis of self-realization, thereby contributing to the success of state policy of social quality and achieving stable socio-economic development.

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