IDEAS home Printed from https://ideas.repec.org/a/aio/fpvfcf/v1y2016i18p51-63.html
   My bibliography  Save this article

Views on the Credibility of the Nonfinancial Information – New approaches

Author

Listed:
  • Attila Tamas-Szora

    (1 Decembrie 1918 University of Alba Iulia, Faculty of Economic Sciences)

Abstract

The purpose of the study is the method of presentation of non-financial information and information on diversity by certain businesses and large groups, in accordance with amendments made by Directive 2014/95/EU. The study was carried out under public poll organized by U.E. (DIGIT-EUSURVEY@NOMAIL.EC. EUROPA. EU) in relation to the guide of presentation of financial information currently under development at EU. The result is represented by the test the usefulness of non-financial information depending on a number of qualitative characteristics such as: avoid undue administrative tasks, comprehensiveness, fairness and balance, comparability, understandability, reliability, usefulness and materiality or relevance of the information. This test was to identify those characteristics and results of non-financial information that are most significant for different users of financial and non-financial information, depending on the type and issuer of such information. The study will be continued by developing, based on testing, of a standard model report including non-financial information, as well as models of such reports specific to different types of issuers and / or users, depending of the area of specific interest.

Suggested Citation

  • Attila Tamas-Szora, 2016. "Views on the Credibility of the Nonfinancial Information – New approaches," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(18), pages 51-63, November.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2016:i:18:p:51-63
    as

    Download full text from publisher

    File URL: http://feaa.ucv.ro/FPV/018-006.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Haselmann, Rainer, 2006. "Strategies of foreign banks in transition economies," Emerging Markets Review, Elsevier, vol. 7(4), pages 283-299, December.
    2. Attila TAMAS-SZORA & Adela SOCOL, 2015. "Exploring Corporate Social Responsibility in Foreign Bank Branches from Romania: An Empirical Analysis of Public Disclosure of Financial Statements and Banking Audit Reports," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(17), pages 38-44, December.
    3. Herzig, Christian & Moon, Jeremy, 2013. "Discourses on corporate social ir/responsibility in the financial sector," Journal of Business Research, Elsevier, vol. 66(10), pages 1870-1880.
    4. Adela Socol, 2012. "Ifrs Adopting Process In Romanian Banks - Impact On Independent Audit Of Financial Statements," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(14), pages 1-12.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Reem Fraih Alshiban & Khalid Rasheed Al-Adeem, 2022. "Empirically Investigating the Disclosure of Nonfinancial Information: A Content Study on Corporations Listed in the Saudi Capital Market," JRFM, MDPI, vol. 15(6), pages 1-23, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Attila TAMAS-SZORA & Adela SOCOL, 2015. "Exploring Corporate Social Responsibility in Foreign Bank Branches from Romania: An Empirical Analysis of Public Disclosure of Financial Statements and Banking Audit Reports," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(17), pages 38-44, December.
    2. Bonin, John & Hasan, Iftekhar & Wachtel, Paul, 2014. "Banking in transition countries," BOFIT Discussion Papers 8/2014, Bank of Finland Institute for Emerging Economies (BOFIT).
    3. Paul Wachtel & Iftekhar Hasan & John Bonin, 2008. "Banking in Transition Countries," Working Papers 08-22, New York University, Leonard N. Stern School of Business, Department of Economics.
    4. Daniel Belton & Leonardo Gambacorta & Sotirios Kokas & Raoul Minetti, 2023. "Foreign Banks, Liquidity Shocks, and Credit Stability," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 12(1), pages 131-169.
    5. Anders Aslund, 2009. "The East European Financial Crisis," CASE Network Studies and Analyses 0395, CASE-Center for Social and Economic Research.
    6. Mónica García-Melón & Blanca Pérez-Gladish & Tomás Gómez-Navarro & Paz Mendez-Rodriguez, 2016. "Assessing mutual funds’ corporate social responsibility: a multistakeholder-AHP based methodology," Annals of Operations Research, Springer, vol. 244(2), pages 475-503, September.
    7. Bui, Duy Tung & Bui, Thi Mai Hoai, 2019. "How does institutional development shape bank risk-taking incentives in the context of financial openness?," Pacific-Basin Finance Journal, Elsevier, vol. 58(C).
    8. Annalisa Baldissera, 2023. "Sustainability reporting in banks: History of studies and a conceptual framework for thinking about the future by learning from the past," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2385-2405, September.
    9. Endo, Takahiro & Tsuboyama, Yuki & Hara, Yoritoshi, 2016. "Beyond taxation: Discourse around energy policy in Japan," Energy Policy, Elsevier, vol. 98(C), pages 412-419.
    10. Hildegunn Mellesmo Aslaksen & Clare Hildebrandt & Hans Chr. Garmann Johnsen, 2021. "The long-term transformation of the concept of CSR: towards a more comprehensive emphasis on sustainability," International Journal of Corporate Social Responsibility, Springer, vol. 6(1), pages 1-14, December.
    11. Efthyvoulou, Georgios & Yildirim, Canan, 2014. "Market power in CEE banking sectors and the impact of the global financial crisis," Journal of Banking & Finance, Elsevier, vol. 40(C), pages 11-27.
    12. Kodongo, Odongo & Natto, Dinah & Biekpe, Nicholas, 2015. "Explaining cross-border bank expansion in East Africa," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 36(C), pages 71-84.
    13. Anette Mikes & Michael Power, 2024. "How Culture Displaced Structural Reform: Problem Definition, Marketization, and Neoliberal Myths in Bank Regulation," Journal of Business Ethics, Springer, vol. 193(2), pages 303-323, August.
    14. Huo, Da & Zhang, Xiaotao & Hu, Chao & Tang, Aidi & Chen, Yongchuan & Chen, Fang & Chen, Zhanming & Xu, Weiyin, 2023. "Spatial externality of journalism on carbon efficiency: A quasi-natural experiment based on interplay of journalism-based professionally generated content and digital economy," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1326-1336.
    15. Iulia Iuga, 2008. "Analysis On The Romanian Banking Legislation And The Banks Probability Of Default," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(10), pages 1-43.
    16. Lai, Wen-Hsiang & Lin, Chiu-Ching & Wang, Ting-Chu, 2015. "Exploring the interoperability of innovation capability and corporate sustainability," Journal of Business Research, Elsevier, vol. 68(4), pages 867-871.
    17. Rafael Alcadipani & Cíntia Rodrigues Oliveira Medeiros, 2020. "When Corporations Cause Harm: A Critical View of Corporate Social Irresponsibility and Corporate Crimes," Journal of Business Ethics, Springer, vol. 167(2), pages 285-297, November.
    18. Claude Berthomieu & Anastasia Ri, 2009. "Process and Effects of Financial Liberalization in Transition Countries: A Selective Literature Survey," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 56(4), pages 453-473, December.
    19. Carol Royal & Loretta O’Donnell, 2013. "Beyond the illusion of numbers: A challenge for financial regulators and analysts," The Economic and Labour Relations Review, , vol. 24(4), pages 568-583, December.
    20. Bastidon, Cécile & Gilles, Philippe & Huchet, Nicolas, 2008. "The international lender of last resort and selective bail-out," Emerging Markets Review, Elsevier, vol. 9(2), pages 144-152, June.

    More about this item

    Keywords

    Directive 2014/95 / EU; Directive 2013/34 / EU; financial audit; insurance services; non-financial information;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:fpvfcf:v:1:y:2016:i:18:p:51-63. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alina Manta (email available below). General contact details of provider: https://edirc.repec.org/data/fecraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.