scholarly journals Combining Financial Information and Corporate Social Responsibility Related Information for Characterizing Corporate Disclosure: Some Insights From Moroccan Context

2021 ◽  
Vol 12 (5) ◽  
pp. 58
Author(s):  
Youssef Saida
Keyword(s):  
Financial Statements ◽  
Financial Information ◽  
Annual Reports ◽  
Specific Information ◽  
Corporate Disclosure ◽  
Financial Indicators ◽  
Related Information ◽  
Corporate Social Responsiblity ◽  
Corporate Websites ◽  
Corporate Social

This paper deals with the corporate disclosure and therefore the option to predict the corporate disclosure through combining financial and non-financial information. In this paper, we study the corporate disclosure characteristics by investigating the predictability strength of specific financial performance indicators and corporate social responsiblity (CSR) related information. The sample of this research contains 58 organizations that had been awarded the label of the CSR in Morocco. A content analysis of corporate websites, financial statements and annual reports are used for each organization. Based on corporate disclosure content, two groups are constructed. We use four financial indicators for measuring the performance (financial information) and particular CSR related information (non-financial information) for these two groups. The discriminant analysis highlights to what extend specific information could predict the nature corporate disclosure content. As results, these indicators and information show different levels of ability to predict corporate disclosure content. Our findings, when confronted to the literature, explicit convergences about the predictability of corporate disclosure content.

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.

scholarly journals Analyzing the Corporate Social Responsibility Disclosure: Mixed Method Applied on SME and Large Organizations

2019 ◽  
Vol 15 (12) ◽  
pp. 48
Author(s):  
Youssef Saida
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Organizational Behavior ◽  
Annual Reports ◽  
Coding System ◽  
Socially Responsible ◽  
Related Information ◽  
Corporate Websites ◽  
Csr Disclosure ◽  
Corporate Social

Modern organization has to deal with different stakeholders expectations. Indeed, organization activities and practices should be designed and conducted to be sustainable. So, it is required from organization to be socially responsible and operate with integrity regarding the environment. This organizational behavior is called the corporate social responsibility – CSR. In that case, organization should disclose how it is socially responsible. CSR disclosure is recognized as a tool to enhance corporate reputation. This research aims to deals with the content of the CSR disclosure and in that case the possibility to predict the CSR approach throughout specific CSR-related information. In this paper, we investigate about the nature of CSR disclosure content and to what extent specific CSR-related information – CSR approach could be predicted. The sample of this research contains 58 organizations that had been awarded the label of the CSR in Morocco. A content analysis of websites is used for each organization’s CSR communication, found in the corporate websites or annual reports. We use mixed research method for analyzing the content of the CSR disclosure. This method used coding system for analyzing deeply the content related to the CSR and after that the discriminant analysis for testing the ability to predict the CSR approach nature. As results, we raised the CSR disclosure characteristics and hence we explicit how specific CSR-related information highlight different levels of ability to predict CSR approach nature. Our findings, when confronted to the literature, explicit convergences about the nature and the predictability of CSR disclosure content.

Exploring the term “non-financial information”: an academics’ view

2020 ◽  
Vol 28 (5) ◽  
pp. 727-749
Author(s):  
Lara Tarquinio ◽  
Stefanía Carolina Posadas
Keyword(s):  
Financial Statements ◽  
Financial Information ◽  
Corporate Disclosure ◽  
The European Union ◽  
Content Type ◽  
Eu Directive ◽  
Information Gap ◽  
As Species ◽  
Definition Of ◽  
Corporate Social

Purpose With the European Union (EU) Directive 2014/95/UE, there is a growing interest in the corporate disclosure of “non-financial information” (NFI). However, no generally accepted definition of this term exists. This paper aims to reflect on the meaning and importance of the NFI definition by investigating how this term is defined in the literature and by exploring scholars’ cognitive perceptions of its meaning. Design/methodology/approach Two different research methods were used. A systematic literature review of NFI definitions was integrated with a survey to a sample of Italian scholars working on the NFI research topic. Findings This study demonstrates that the meaning of NFI is still ambiguous and multifaceted as neither a common understanding nor a single and generally accepted definition of the term exists. As the advent of the EU directive, this term has often referred to information about society and the environment, though most academics define and understand NFI differently, as corporate social responsibility (CSR) issues, intellectual capital information and information that are external to financial statements. These definitions pave the way for conceptualising NFI as a genus and its different understandings (i.e. CSR, ESG information, etc.) as species. Therefore, what constitutes NFI is open to interpretations. Research limitations/implications This paper contributes to enriching the literature on the meaning of NFI and providing further insights into explaining the heterogeneity of the NFI definition. Practical implications This paper provides researchers, practitioners and regulators with some novel insights into the meaning and understanding of NFI. It provides regulators and standard setters with knowledge for building a commonly accepted definition of NFI. Meanwhile, policymakers, regulators, practitioners and academics can contribute to establishing a definition by following three approaches: regulative, open and adaptive. This can help to avoid the risk of an information gap among stakeholder expectations, regulator requests and NFI reporting in practice. Originality/value The literature focussing on the meaning of NFI is still scarce. This study contributes to extending the knowledge of how the term NFI is defined and understood by academics.

scholarly journals Bankruptcu Risk Assessment Measures of Polish SMEs

2020 ◽  
Vol 17 ◽  
Keyword(s):  
Financial Statements ◽  
Financial Information ◽  
Small Enterprises ◽  
Financial Indicators ◽  
Economic Decisions ◽  
Financial Difficulties ◽  
Great Ease ◽  
Assessment Measures ◽  
Business Entities

The accuracy of economic decisions depends on the quality of financial information, mainly derived from financial statements prepared by business entities and other units. Thus, there is a need to create so-called information systems for early warning. Good information could protect many entities from the risk of bankruptcy. This is particularly true for micro, small and medium-sized business entities. For such entities there is a need to create simple indicators informing about the impending financial crisis, most often associated with the loss of the ability to settle current liabilities. The aim of the article is to present a group of financial indicators on the basis of which managers can easily and most importantly very quickly assess the possibility of financial difficulties arising, which will result in the bankruptcy of an individual. Most importantly, the indicators presented can be used by managers of small enterprises with great ease. The indicators presented are primarily addressed to a group of small and medium-sized enterprises thanks to which managers can protect an enterprise against bankruptcy.

PENERAPAN ELEMEN-ELEMEN INTEGRATED REPORTING PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

INFO ARTHA ◽  
2017 ◽  
Vol 3 ◽  
pp. 44-61 ◽  
Author(s):  
Nur Aisyah Kustiani
Keyword(s):  
Capital Market ◽  
Stock Exchange ◽  
Financial Statements ◽  
Financial Information ◽  
Descriptive Statistics ◽  
Annual Reports ◽  
Integrated Reporting ◽  
Environmental Liabilities ◽  
The Capital Market

This study aims to determine whether the required elements in the integrated reporting (IR) initiatedby the IIRC has been fulfilled by companies listed on the Indonesia Stock Exchange (BEI). This study is aquantitative study using descriptive statistics of score value of IR elements identified from the reportsand information published through the company 's financial statements, annual reports, sustainabilityreports, and the information presented in the company's website.The results show that, in general, the companies listed on the BEI has met an average of 50 % of therequired elements. It indicates that the companies listed on the Stock Exchange have voluntarily reportednecessary information including financial information and some non-financial information aboutcorporate social and environmental liabilities. This finding also indicates if the capital market authority

CSR Disclosure and Investor Behavior: A Proposed Framework and Research Agenda

2017 ◽  
Vol 30 (2) ◽  
pp. 37-53 ◽  
Author(s):  
Katrin Gödker ◽  
Lasse Mertins
Keyword(s):  
Investment Decision ◽  
Investor Behavior ◽  
Corporate Disclosure ◽  
Individual Investor ◽  
Market Participants ◽  
Related Information ◽  
Investment Decision Making ◽  
Csr Disclosure ◽  
Corporate Social ◽  
Future Work

ABSTRACT How market participants respond to corporate disclosure forms an important cornerstone in many areas of accounting and finance research. This article synthesizes behavioral research on how an increasingly important type of corporate disclosure, namely corporate social responsibility (CSR) disclosure, affects investor behavior. Structuring the extant accounting and finance literature, we derive a holistic framework that consolidates observed drivers of investors' information processing and resulting investment decision making when confronted with CSR disclosure. We identify both disclosure and individual investor characteristics that determine investor behavioral response to disclosed CSR-related information. Drawing on the proposed framework, we pinpoint knowledge gaps in the literature and provide guidelines for further research. Fundamental issues for future work include the decoupling of specific behavioral drivers through innovative measurement, the reliable identification of causal effects, and the incorporation of investors' social interactions.

scholarly journals CSR disclosure in response to major airline accidents: a legitimacy-based exploration

2016 ◽  
Vol 7 (1) ◽  
pp. 26-43 ◽  
Author(s):  
Petros Vourvachis ◽  
Thérèse Woodward ◽  
David G. Woodward ◽  
Dennis M Patten
Keyword(s):  
Annual Report ◽  
Annual Reports ◽  
Corporate Disclosure ◽  
Content Type ◽  
Social Legitimacy ◽  
Airline Accidents ◽  
Major Airlines ◽  
Csr Disclosure ◽  
Corporate Social ◽  
Practical Implications

Purpose – The purpose of this paper is to contribute to the literature investigating disclosure reactions to legitimacy threats by analyzing the corporate social responsibility (CSR) disclosure reactions to catastrophic accidents suffered by major airlines. Design/methodology/approach – The authors use content analysis to examine changes in annual report disclosure in response to four separate airline disasters. The authors adopt two classification schemes and two measurement approaches to explore these changes. Findings – The authors find that for three events the organizations appear to have responded with considerable increases in CSR disclosure that are consistent with attempts of legitimation. For one of the events examined, the authors find no disclosure response and suggest that this could be due to the company’s unwillingness to accept responsibility. Research limitations/implications – The study’s focus on major airlines that have suffered an accident with available annual reports in English meant that other companies had to be excluded from the analysis. Practical implications – The findings demonstrate the use of the annual report as a legitimation tool and further highlight the need for greater transparency and comparability across publications. Originality/value – The paper adds to the scarce literature examining corporate disclosure reactions following threats to their social legitimacy.

scholarly journals Social Performance vs. Financial Performance

2013 ◽  
Vol 2 (2) ◽  
pp. 53-65 ◽  
Author(s):  
Ilker Yilmaz
Keyword(s):  
Financial Performance ◽  
Performance Indicators ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Annual Reports ◽  
Financial Indicators ◽  
Financial Position ◽  
Low Levels ◽  
Corporate Social ◽  
The Relationship

In recent decades, it is gaining more and more dominance in both academic and business life that the company exists for and has responsibilities toward a wider group of stakeholders and it must have some objectives other than profitability. To achieve sustainable development and growth, the companies must assume more duties, which is called the term “corporate social responsibility (CSR).” In the literature, it is questioned whether CSR activities benefit the company or not; whether there is any relationship exists between CSR activities and the company’s financial performance and the direction of the relationship. We aimedto explore that whether there is any effect corporate social performance (CSP) on financial performance and position and vice versa. We performed content analysis through annual reports and derived a social score composed of the items included in disclosure guidelines and some criteria used in CSR ratings. We also used several financial position and financial performance indicators. In order to explore the relationship between CSP and financial indicators, we run panel data regressions. We found significant results for some of the indicators, where some of the indicators gave insignificant results. The reporting of CSR activities is in very low levels. The conscious toward CSR and sustainability must be promoted and the companies must assume more active roles. The reporting of those activities is also important.

scholarly journals DETECTING OF BOND DEFAULTS INDICATIONS USING FINANCIAL STATEMENT AND SHENANIGANS INDICATORS

2021 ◽  
Vol 5 (02) ◽  
pp. 69
Author(s):  
Arya Wedha Rieantiari ◽  
Ancella Anitawati Hermawan
Keyword(s):  
Financial Statements ◽  
Financial Statement ◽  
Annual Reports ◽  
Financial Indicators ◽  
Financial Report ◽  
Creative Accounting ◽  
Big 4 ◽  
Report Data ◽  
Investment Grade

<em>This study aims to detect indications of bond defaults by conducting a thorough analysis of PT Trikomsel Oke, Tbk (TRIO)'s financial statements. TRIO's financial statements show that the company's revenue and profits increased during 2009-2014. However, the Indonesia rating agency (PEFINDO) declared default on the two bonds issued by TRIO in November 2015, even though the signal TRIO gave to its financial statements was an unqualified opinion from one of the big 4 Public Accountants for six consecutive years and PEFINDO's investment grade. This study uses a case study method.. Financial report data are analyzed by financial ratios and financial indicators of shenanigans. Evidence shows that there are indications of creative accounting and shenanigans before bonds were declared defaulted in 2015. With these results, this study suggests investors and creditors be more vigilant in analyzing published annual reports</em>

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