Abstract
Non-financial reporting (NFR) has developed significantly in the past four decades. It originated from CSR and environmental disclosure to provide a complex communication to various stakeholders. In its current version non-financial reporting is evolving towards integrated reporting that delivers a complete picture of company multidimensional performance and reveals interdependencies between business, society and environment. It also exemplifies the advanced corporate communication to numerous groups of stakeholders and constitutes a strategic response to social, cultural, institutional and regulatory pressures.
With the growing interest in non-financial reporting there is still a gap in the understanding of the patterns of its adoption, effectiveness and efficiency. We would like to add to the literature indicating the role of shareholder-stakeholder conflicts in non-financial reporting. Specifically, we address the question of shareholder preferences and examine the link between non-financial disclosure and ownership by different identities of shareholders. We also search for relations between non-financial reporting as selected company characteristics as performance and size. In this paper we explore the frequency of non-financial reporting by Polish companies listed on the Warsaw Stock Exchange over the period of 5 years 2010-2014. Poland was selected as the context for this study for two main reasons. Firstly, Poland is an emerging market in terms of CSR/sustainability implementation that lags far behind the EU leaders. Secondly, Poland still depicts characteristics of post-transition economy, where concentrated ownership is a dominant pattern for control, increasing the risk of expropriation of poorly protected stakeholders by the blockholder.
With the growing interest in non-financial reporting there is still a gap in the understanding of the patterns of its adoption, effectiveness and efficiency. We would like to add to the literature indicating the role of shareholder-stakeholder conflicts in non-financial reporting. Specifically, we address the question of shareholder preferences and examine the link between non-financial disclosure and ownership by different identities of shareholders. We also search for relations between non-financial reporting as selected company characteristics as performance and size. In this paper we explore the frequency of non-financial reporting by Polish companies listed on the Warsaw Stock Exchange over the period of 5 years 2010-2014. Poland was selected as the context for this study for two main reasons. Firstly, Poland is an emerging market in terms of CSR/sustainability implementation that lags far behind the EU leaders. Secondly, Poland still depicts characteristics of post-transition economy, where concentrated ownership is a dominant pattern for control, increasing the risk of expropriation of poorly protected stakeholders by the blockholder.
Original language | English |
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Publication status | Published - 2018 |
Externally published | Yes |
Event | 2018 EURAM Annual Meeting - Reykjavik, Iceland Duration: 19 Jun 2018 → 22 Jun 2018 |
Conference
Conference | 2018 EURAM Annual Meeting |
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Country/Territory | Iceland |
City | Reykjavik |
Period | 19/06/18 → 22/06/18 |