Consequences of Non-Financial Reporting Directive in Poland

Abstract

The material is highly topical, well-motivated both academically and professionally. It contributes both to the international literature on the operationalization of the NFRD, and with Polish data, thus, contributing research from the underrepresented geographical area of Central and Eastern Europe. I also commend the authors for designing original research instruments (disclosure indexes) that could be further used to compare and contrast longitudinally and cross sectionally within Poland and the entire European region that is subjected to this very new piece of legislation. (…) Arguments are clear, hypotheses are clearly anchored in prior literature and (…) results are very well substantiated using correct and adequate research methods. Results are important in that they demonstrate both the outcome of the NFRD, and they fi ll gaps in our understanding of how nonfi nancial reporting works and its effects. (…) Future research may defi nitely build on these results, to increase our understanding of how the non-fi nancial directive impacts businesses, academia and practitioners. (…) Practitioners should be able to implement better the requirements of the NFRD, or to better understand the consequences of such requirements, and how their companies can benefi t from them. Students should be able to use the results in their dissertations and better understand the reporting needs of their future employers. As such, they can be better prepared to access the work force, while at the same time understand the evolutions of their profession. Decision-makers should be more aware of the resources that are needed for their bodies and organizations to respond to the requirements of the NFRD, thus making better decisions for their organizations. Prof. Catalin Albu (Bucharest Academy of Economic Studies, Bucharest, Romania).