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Non-Financial Reporting in Croatia: Current Trends Analysis and Future Perspectives

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  • Adriana Galant

    (Juraj Dobrila University of Pula, Croatia)

  • Ksenija Cerne

    (Juraj Dobrila University of Pula, Croatia)

Abstract

Non-financial reporting forms part of corporate reporting. Among other, it includes disclosure of information regarding corporate social responsibility (CSR)/sustainability issues and as such represent the supplement to the information provided by financial statements. Compared to the financial reporting, non-financial reporting is voluntary in majority of countries, including Croatia. Thus, companies decide on their own whether to disclose on this issue or not. Considering its voluntariness, the aim of this paper is to determine the current state of non-financial reporting in Croatia by identifying the financial characteristics of companies disclosing non-financial reports. In data analysis, the logistic regression was used. The research was conducted on a sample of Croatian publicly listed companies. Obtained results indicate that larger, more profitable and efficient companies are more probable to disclose non-financial reports, while indebtedness is not significant for it. In addition, further development of corporate social accounting is required, as well as promotion of non-financial reporting benefits.

Suggested Citation

  • Adriana Galant & Ksenija Cerne, 2017. "Non-Financial Reporting in Croatia: Current Trends Analysis and Future Perspectives," Management, University of Primorska, Faculty of Management Koper, vol. 12(1), pages 41-58.
    • Handle: RePEc:mgt:youmng:v:12:y:2017:i:1:p:41-58
    DOI: 10.26493/1854-4231.12.41-58
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    References listed on IDEAS

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    2. Rep Ana, 2021. "Notes to the Financial Statements: Current State and Improvement," Business Systems Research, Sciendo, vol. 12(2), pages 60-78, December.
    3. Božić, Barbara & Kolić Stanić, Matilda & Jurišić, Jelena, 2020. "Corporate Social Responsibility in the Practice of Public Relations Professionals," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2020), Virtual Conference, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Virtual Conference, 10-12 September 2020, pages 388-397, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.

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