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Corporate Governance And Its Implications For Financial Reporting

Author

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  • Claudia GRIGORAS-ICHIM

    (“Stefan cel Mare†University of Suceava, 720229, Romania)

Abstract

Why would it be important to study the financial statements of a company? The answer depends on the particular interest of everyone - whether you are a creditor, shareholder, potential investor, manager, government agency or a trade union leader. For example, short-term lenders, such as banks are primarily interested in the firm's ability to pay obligations to due date. In this case would be examined current assets and their relation to short-term liabilities to assess the short-term solvency of the company. Shareholders, on the other hand, look more on long-term indicators such as capital structure of the company, past and projected income and changes in financial position. Shareholders, or potential, are also interested in many of the characteristics considered by a creditor in the long term. As a shareholder, you should focus on revenues image because changes greatly affect the market price of the investment. They are also concerned about the company's financial situation as it affects indirectly the stability of income. The paper is a research that demonstrates the relationship between corporate governance and financial reporting.

Suggested Citation

  • Claudia GRIGORAS-ICHIM, 2017. "Corporate Governance And Its Implications For Financial Reporting," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 6(1), pages 1-59, January.
    • Handle: RePEc:scm:ecofrm:v:6:y:2017:i:1:p:59
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    File URL: http://ecoforumjournal.ro/index.php/eco/article/view/609/366
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    References listed on IDEAS

    as
    1. Christof Beuselinck & Sophie Manigart, 2007. "Financial Reporting Quality in Private Equity Backed Companies: The Impact of Ownership Concentration," Small Business Economics, Springer, vol. 29(3), pages 261-274, October.
    2. Patrick Velte, 2010. "The link between supervisory board reporting and firm performance in Germany and Austria," European Journal of Law and Economics, Springer, vol. 29(3), pages 295-331, June.
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