scholarly journals Integrated Reporting and European State-Owned Enterprises: A Disclosure Analysis Pre and Post 2014/95/EU

2020 ◽  
Vol 12 (5) ◽  
pp. 1908 ◽  
Author(s):  
Giuseppe Nicolò ◽  
Gianluca Zanellato ◽  
Adriana Tiron-Tudor

The European Directive 2014/95/EU regulating the disclosure of non-financial information for public interest organisations is enjoying its first years since entering into force in 2017. The emerging of social, environmental and sustainability issues in combination with the New Public Management (NPM) reforms, led public sector entities to huge demands of accountability. Long time before the European Union Directive (EUD) on non-financial information, public sector entities were pushed to demonstrate to a broad range of stakeholders how public resources are used. Accordingly, the stakeholders’ increasing demand for social and environmental information has encouraged the adoption of different types of reports by organisations, such as the Corporate Social Responsibility (CSR) Report, Sustainability Reporting (SR) and the Integrated Report (IR).In the context of State-Owned Enterprises (SOEs), the disclosure of non-financial information gains a pivotal relevance as these type of organisations face a more comprehensive range of stakeholders than private organisations. In this vein, the present paper aims to investigate whether the mandatory disclosure directive increased the level of information provided by SOEs issuing an IR between the years 2016 and 2017 in order to demonstrate whether a mandatory regulation leads to higher disclosure.

Author(s):  
Niaz Mohammad

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.


2019 ◽  
Vol 22 (2) ◽  
pp. 122-128 ◽  
Author(s):  
Vicente Montesinos ◽  
Isabel Brusca

In recent years, different non-financial information models have arisen, both in the private  and  public sectors, trying to complete the traditional financial reports prepared by companies and public administrations. The fundamental objective of these models has been to satisfy the interest of the stakeholders, which goes beyond the numbers included in the balance sheet and the income statement. In the case of the public sector, this is coupled with the discontent and distrust of citizens towards politicians and administrators of institutions, which makes it necessary to emphasize tools and strategies that can improve the transparency and accountability of administrations and restore citizen trust. Therefore, this article highlights the different non-financial information alternatives that have emerged in the literature, their practical application in the public sector and the opportunities that these models offer for the future. Specifically, we refer to sustainability reporting, integrated reporting, the non-financial report recently regulated for the business sector and, finally, popular reporting. En los últimos años han irrumpido con fuerza distintos modelos de información no financiera, tanto en el sector privado como en el público, tratando de completar el tradicional informe financiero preparado por empresas y administraciones públicas. El objetivo fundamental de estos modelos ha sido satisfacer el interés del conjunto amplio de los stakeholders, que va más allá de los números recogidos en el balance de situación y la cuenta de resultados. En el caso del sector público, a esto se une el descontento generalizado y la desconfianza de los ciudadanos hacia los políticos y administradores de las instituciones, lo que hace necesario poner el acento en todas aquellas herramientas y estrategias que puedan perfeccionar la transparencia y responsabilidad de las administraciones y reintegrar la confianza de sus administrados. Por ello, en este artículo se ponen de relieve las distintas alternativas de información no financiera que han ido surgiendo en la literatura, su aplicación práctica en el ámbito del sector público y las oportunidades que estos modelos ofrecen para el futuro. En concreto nos referimos a la información sostenible, la información integrada, la información popular y por último, al informe no financiero regulado en nuestra normativa para el sector empresarial.


Author(s):  
SM Abdul Quddus

Globalization started sometime ago and is an ongoing process. It is a diverse phenomenon, which has had tremendous impact on all aspects of human life. The spread of the culture of globalization can predominantly be attributed to the usage of modern electronic media such as the internet. As Islam is a global phenomenon, it becomes apparent that its principles should be held in the esteem befitting its status and not disregarded as irrelevant. Religious people of all age categories must agree to adapt their traditions to deal with the challenges of modernity. The end goal of globalization is thus to assess and integrate common ground into the world views of Islamic versus Western values rather than provoke bi-polarization and discord. As globalization in its current iteration predominantly stems from the influences of the West, it is paramount to scrutinize the differences in the Muslim interpretation of globalization in relation to its modern incarnation, to explore its differing definitions, the fluctuating goals of the educational systems, the sidelining of local traditions and languages, factors derived from the advent of “brain-drain” from certain nations, appropriate Muslim actions in response to globalization, and finally onto the question, how public sector management should be reformed in line with the reality of globalization and Islamic philosophy of government and administration in the contemporary era? However, following the example of the Western capitalist models and excluding religious public sector reform has produced varied reactions in MMCs. Such reactions include widespread social alienation and accelerated unhappiness and promotion of restless competition rather than cooperation. All these realities raise some unavoidable questions and debates that need to be properly addressed both from theoretical and practical perspectives. A refocused attention at the philosophy of public sector governance in light of the role of religion on the globalized and technology-driven world is an important endeavor to undertake. Thus the main objective of this paper is to explore an administrative model for public sector governance that will fulfil the socio-economic, technological and spiritual needs of a society. Data for this paper is collected mainly from secondary sources i.e. content analysis. ‘Islamic administrative model’ as suggested by Al-Buraey are used as the theoretical underpinning for this study. Keywords: Globalization, Heartware and software, Islam, New Public management, Islamic administrative model. Abstrak Globalisasi telah berlaku sejak dahulu lagi dan ia adalah proses yang berlaku secara berterusan. Ia adalah fenomena yang pelbagai, yang memberi kesan besar kepada manusia dari pelbagai aspek. Penyebaran globalisasi budaya di dominasi besar oleh penggunaan media elektronik moden seperti Internet. Oleh kerana Islam adalah fenomena global, jelaslah bahawa prinsipnya harus dipegang dengan harga yang sesuai dengan statusnya dan tidak sepatutnya dianggap sebagai tidak relevan. Orang yang beragama dari setiap lapisan umur mesti mengekalkan adat mereka walaupun mendepani arus kemodenan yang mencabar. Matlamat terulung globalisasi adalah untuk menilai dan mengintegrasikan titik persamaan tentang pandangan dunia pada nilai murni Islam atau nilai murni barat dan bukannya mencetuskan polarisasi dan perpecahan. Oleh kerana globalisasi pada hari ini didominasi sepenuhnya dari pengaruh Barat, adalah sangat penting untuk meneliti perbezaan dari sudut tafsiran Muslim juga tentang globalisasi berhubung dengan penjelmaan modennya, untuk meneroka definisi yang berbeza, matlamat yang berubah-ubah dalam sistem pendidikan, mengetepikan tradisi dan bahasa tempatan, faktor-faktor yang diperoleh daripada kemunculan "keberanian otak" dari negara-negara tertentu, tindakan Islam yang sesuai sebagai tindak balas kepada globalisasi, dan akhirnya kepada persoalan, bagaimana pengurusan sektor awam perlu diperbaharui selaras dengan realiti globalisasi dan falsafah Islam kerajaan dan pentadbiran dalam era kontemporari? Walaubagaimanapun, menuruti contoh model kapitalis barat dan meminggirkan sektor awam agama telah menghasilkan pelbagai tindak balas dalam MMCs. Reaksi sedemikian merangkumi pengasingan sosial yang meluas dan meningkatkan jurang ketidakpuasan dan menggalakkan persaingan yang tidak sihat berbanding untuk kerjasama. Kesemua realiti ini menimbulkan beberapa persoalan dan perdebatan yang tidak dapat dielakkan yang perlu ditangani dengan baik dari perspektif teori dan praktikal. Penelitian semula pada falsafah tadbir urus sektor awam yang dibantu oleh peranan agama terhadap dunia global yang serba berasaskan teknologi merupakan usaha penting untuk dilaksanakan. Oleh itu objektif utama penulisan ini adalah untuk meneroka model pentadbiran untuk tadbir urus sektor awam  yang akan memenuhi sosioekonomi, teknologi dan keperluan rohani daripada masyarakat. Data dari kertas ini dah dikumpulkan terutamanya dari sumber kedua iaitu analisis kandungan. ‘Model pentadbiran Islam’ seperti yang dicadangkan ole Al-Buraey dah digunakan sebagai asas teori bagi kajian ini. Kata Kunci:  Globalisasi, perkakasan dan perisian, Islam, Pengurusan Awam Baru, Model Pentadbiran Islam.  


2021 ◽  
Vol 13 (14) ◽  
pp. 7885
Author(s):  
Kardina Kamaruddin ◽  
Indra Abeysekera

The New Public Management allows us to reflect upon whether intellectual capital helps public sector organisations meet their performance benchmarks. Sustainable economic performance gains importance from the public sector’s service ideal. Although there have been empirical endeavours using intellectual capital as operational variables, this study examines the theoretically informed relationship between the intellectual capital construct and its construct dimensions and the sustainable economic performance construct and its construct dimensions. The decision-making inputs of senior officials in the Malaysian public sector are vital for evaluating the relationship, as these officials are the individual strategists of the collective organisational strategy. The study conducted a survey that received 1092 usable responses and analysed them using the structural equation modelling research method. The findings showed a robust theoretical relationship between intellectual capital and sustainable economic performance. Furthermore, the study identified intellectual capital items that play a vital role in supporting public sector sustainable economic performance in Malaysia under New Public Management. The findings provide useful knowledge for public sector officials and policymakers, and for further research.


2020 ◽  
Author(s):  
Benedetto Lepori

Abstract This article presents the conceptual and methodological design of a register of public-sector organizations, as well as a preliminary delineation of such organizations in Europe. Conceptual and methodological issues are discussed, as well as the potential usage of the register for interlining datasets and analysis. The significance of the register for research policy and evaluation studies is also discussed, as related with changes associated with New Public Management reforms.


2019 ◽  
Vol 34 (3) ◽  
pp. 25-50
Author(s):  
Lee Yunsoo

New Public Management posed challenges to governments by emphasizing the flexibility of workforce, innovation, and the role of supervisors in running public sector organizations. However, there is debate over whether job insecurity and organizational innovativeness contribute to organizational performance in the public sector. Furthermore, despite the growing awareness of the importance of supervisors, the issue of public sector employees’ trust in their supervisors has received relatively little attention. The purpose of this article is to examine the impacts of job insecurity, innovation, and employees’ trust in supervisors on organizational performance in order to explain these inconsistencies and fill the void in past research. It develops a structural equation model, built on two sets of Korean public employee survey data, whose results show that job insecurity is negatively related to performance, while employees’ trust in supervisors and organizational innovativeness are positively associated with performance. In addition, employees’ trust in supervisor is positively related to innovativeness.


2018 ◽  
Vol 32 (1) ◽  
pp. 255-279 ◽  
Author(s):  
Ileana Steccolini

Purpose The purpose of this paper is to reflect various pathways for public sector accounting and accountability research in a post-new public management (NPM) context. Design/methodology/approach The paper first discusses the relationship between NPM and public sector accounting research. It then explores the possible stimuli that inter-disciplinary accounting scholars may derive from recent public administration studies, public policy and societal trends, highlighting possible ways to extend public sector accounting research and strengthen dialogue with other disciplines. Findings NPM may have represented a golden age, but also a “golden cage,” for the development of public sector accounting research. The paper reflects possible ways out of this golden cage, discussing future avenues for public sector accounting research. In doing so, it highlights the opportunities offered by re-considering the “public” side of accounting research and shifting the attention from the public sector, seen as a context for public sector accounting research, to publicness, as a concept central to such research. Originality/value The paper calls for stronger engagement with contemporary developments in public administration and policy. This could be achieved by looking at how public sector accounting accounts for, but also impacts on, issues of wider societal relevance, such as co-production and hybridization of public services, austerity, crises and wicked problems, the creation and maintenance of public value and democratic participation.


2015 ◽  
Vol 4 (4) ◽  
pp. 23
Author(s):  
Wael Omran Aly

Abstract:After the Second World War, the newly emerged independent third world countries faced immense problems such as poverty, illiteracy, poor health, low agriculture and industrial productivity and social instability. The idea of development administration was born with the above-stated pragmatic concern. Since then, third world countries strived to adopt development administration principles and techniques; in order to transform their conventional traditional public administration into modern development administration that can lead the prospective development.Such conventional public administration deals with regulatory aspects of administration such as law and order, judicial administration and revenue collection, development administration is concerned with the socio-economic developmental activities. Thus, traditional public administration is structure-oriented while developmental administration is action- oriented. Many third world countries failed in realizing such desired shift by converting its conventional public administration to effective development administration; able to achieve the intended national development via the formulation and the implementation of plans, policies, programs and projects necessary for sustainable development purposes. Such bad governance had led the people to go up against such government; as it happens lately in some Arab countries like Egypt and Tunisia.Therefore, the public sector in Egypt need to be deregulated, a new results-based management is a must; to hold managers accountable. This is a fundamental change: holding managers accountable for what they do, not how they do it. The public sector reform initiatives (especially the New Public management –NPM) have resulted in changing the accountability concept; from accountability in terms of procedural compliance to accountability in terms of efficiency and results (effectiveness and cost effectiveness).  


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