Disclosure of Information in Risk Reporting in the Context of the Sustainable Development Concept

Bogataya, I. N.; Evstafyeva, Elena M.; Lavrov, Denis; Корсакова, Е. В.; Mukhanova, Natalya V.; Solyannikova, Svetlana

doi:10.3390/su14042300

Cited by 3 publications

(3 citation statements)

References 37 publications

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“…In this context, risk disclosure could represent the ability of a company to provide a forward-looking perspective regarding the activities and business environment in which it is involved (Crovini et al , 2022). Due to the increased dynamics of the external environment and its uncertainty, organizations need to develop a strategy based on the vision and understanding of their mission, considering the risks of not achieving the goals set within the strategy to face new challenges related to digital transformation, the COVID‐19 pandemic, climate change and environmental disasters (Bogataya et al , 2022). However, few studies have focused their attention on risk disclosure quality from a forward-looking perspective.…”

Section: Literature Review and Research Questionsmentioning

confidence: 99%

“…In fact, changes have enhanced the use of impression management, greenwashing, glossy images and other simulacra that allow poor performance to be masked by misleading information presented in glib boilerplate texts, images and tables, with a narrative tone in annual reports that are often misleading. Consequently, organizations need to form a risk management system, as well as an internal control system for ensuring financial stability, effective economic activity, compliance with current legislation, reliability of reporting and disclosure of information relevant to stakeholders (Bogataya et al , 2022). In perspective, it is necessary to highlight the impact of disruptions on the format of risk disclosure in terms of the impact on financial, social and environmental components, as well as the impact of risks on the process of investing in sustainable development policy: in essence, further investigating how companies disclose and report on these events and factors today would provide evidence of the potential limitations of the available tools in measuring and disclosing this kind of information.…”

Section: Literature Review and Research Questionsmentioning

confidence: 99%

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Accounting, ESG dynamics and the pandemic: when the quality of disclosure becomes crucial to sustainable success

Murgolo,

Tettamanzi,

Minutiello

2023

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Purpose This study aims to investigate the quality of disclosure of a cutting-edge reporting tool – integrated reporting (<IR>) – in terms of its effectiveness to report on COVID-19 pandemic information, its ability to provide forward-looking information and risk impact implications, and its quality determinants in challenging times. Design/methodology/approach Thanks to a content analysis of 247 <IR> for FY20, an integrated reporting disclosure score was developed to assess the disclosure quality provided by the sampled companies. Three research questions were tested through logistic regressions. Findings Non-financial disclosure activities struggle to provide adequate information in terms of potential future scenarios, risk assessment and forward-looking analyses. However, companies incorporated in “Anglo-Saxon” territories drafted integrated reports of higher quality. More recently, incorporated companies have made a greater effort to measure and report COVID-19 pandemic impacts on environmental, social and governance and business activities, also increasing their risk assessment and mitigation efforts. Concerning the determinants of disclosure quality, leverage, corporate governance structures, country of incorporation and belonging to “high impact” industries all lead to a higher quality of <IR> disclosure. Originality/value Examining in detail corporate social responsibility activities and corporate governance integrity is pivotal to orienting strategy towards sustainable trajectories: to do so, corporate reporting and disclosure practices are essential tools. In this context, corporate governance systems that emphasize board diversity are proven, even in disruptive circumstances, to play a crucial role in providing corporate reports of higher quality. High disclosure quality that goes beyond mere financial results is considered to be necessary to remain competitive strategically, socially and environmentally.

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Section: Literature Review and Research Questionsmentioning

confidence: 99%

Section: Literature Review and Research Questionsmentioning

confidence: 99%

Accounting, ESG dynamics and the pandemic: when the quality of disclosure becomes crucial to sustainable success

Murgolo,

Tettamanzi,

Minutiello

2023

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“…Given the market's volatility in the capitalist system, the crisis effects on non-financial accounts should not be overlooked (Bogataya et al 2022;Bretos et al 2018;Jiménez-Yáñez and Fontrodona 2022;Perez et al 2017;Velte and Stawinoga 2017;Warren-Myers 2016); for example, the COVID-19 crisis (Brand et al 2022;Johann 2022;Białkowski and Sławik 2022;Bifulco et al 2023;Bodhanwala and Bodhanwala 2023;Demers et al 2021;Dyczkowska et al 2022;Dragomir et al 2022;Kaakeh and Gokmenoglu 2022;Kuswantoro et al 2022;Moalla and Dammak 2023;Poursoleyman et al 2022;Pozzoli et al 2022;Sidaway et al 2022;Sharma et al 2021), the environmental crises (Boiral et al 2022;Corazza et al 2020;Egbon and Mgbame 2020;Indrasari et al 2022;Mora Rodríguez et al 2020;Skärin et al 2022), the legitimacy crises (Aureli et al 2017;Beck et al 2017;Mekaoui et al 2020;Parsons 2019), war and post-war (Dissanayake and Samarathunga 2021;Thoradeniya et al 2022), the communication crisis (Meintjes and Grobler 2014;Park et al 2020), the social crisis (Maroun 2018), and the management crisis (Stratulat 2019).…”

Section: Introductionmentioning

confidence: 99%

Can Crisis Periods Affect the ESG Reporting Scope? The Portuguese Euronext Entities Case

Cepeda

2024

JRFM

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Portuguese companies are increasingly responding to the demand of stakeholders for transparent information about companies’ environmental, social, and governance (ESG) performance by issuing non-financial reports (NFRs). While the number of NFRs published annually has been increasing over the last two decades, their quality and companies’ ESG performance have been questioned, especially in times of crisis. To address these concerns, several jurisdictions have introduced mandatory NFR rules, such as the European Directive 2014/95/EU. Employing an institutional theory lens, this paper’s research objective is to evaluate whether the last decade’s crises and whether the fact that NFRs became mandatory for certain entities positively affected companies’ activities covered in the ESG reporting scope. We used panel data regression models on 45 listed companies in Portugal during the period 2008–2021. Our results show that the ESG reporting scope is not positively influenced by the transition from NFRs to a mandatory and global financial crisis (GFC). However, the COVID-19 crisis positively affected NFR quality. These results have major implications for practitioners, reflecting the importance of promoting these tools in an organization to improve non-financial performance and companies’ sustainability.

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A Comparative Analysis of the Choice of Mother Wavelet Functions Affecting the Accuracy of Forecasts of Daily Balances in the Treasury Single Account

et al. 2022

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Improving the accuracy of cash flow forecasting in the TSA is key to fulfilling government payment obligations, minimizing the cost of maintaining the cash reserve, providing the absence of outstanding debt accumulation and ensuring investment in financial instruments to obtain additional income. This study aims to improve the accuracy of traditional methods of forecasting the time series compiled from the daily remaining balances in the TSAbased on prior decomposition using a discrete wavelet transform. The paper compares the influence of selecting a mother wavelet out of 570 mother wavelet functions belonging to 10 wavelet families (Haar;Dabeshies; Symlet; Coiflet; Biorthogonal Spline; Reverse Biorthogonal Spline; Meyer; Shannon; Battle-Lemarie; and Cohen–Daubechies–Feauveau) and the decomposition level (from 1 to 8) on the forecast accuracy of time series compiled from the daily remaining balances in the TSA in comparison with the traditional forecasting method without prior timeseries decomposition. The model with prior time series decomposition based on the Reverse Biorthogonal Spline Wavelet [5.5] mother wavelet function, upon the eighth iteration, features the highest accuracy, significantly higher than that of the traditional forecasting models. The choice of the mother wavelet and the decomposition level play an important role in increasing the accuracy of forecasting the daily remaining balances in the TSA.

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Disclosure of Information in Risk Reporting in the Context of the Sustainable Development Concept

Cited by 3 publications

References 37 publications

Accounting, ESG dynamics and the pandemic: when the quality of disclosure becomes crucial to sustainable success

Accounting, ESG dynamics and the pandemic: when the quality of disclosure becomes crucial to sustainable success

Can Crisis Periods Affect the ESG Reporting Scope? The Portuguese Euronext Entities Case

A Comparative Analysis of the Choice of Mother Wavelet Functions Affecting the Accuracy of Forecasts of Daily Balances in the Treasury Single Account

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