Employee-Related Indicators in the Non-Financial Reporting in Hospitality Industry

Abstract

Due to many social and environmental challenges in the last decade, many companies recognized the importance of non-financial reporting to provide complete overview of its performance and socially responsible behaviour. Furthermore, for some companies the obligation of non-financial reporting has been institutionalized by European commission directives. This paper explores the extent of non-financial reporting regarding employment-matters in hospitality industry in Croatia. Research objective of the paper is to assess the type and amount of information regarding employment and human resource management related issues disclosed by hospitality industry companies listed on Zagreb Stock Exchange. Research results indicate that the quantity of disclosed information increased after implementing EU directives on non-financial reporting, but there is still room for improvement. It is expected that hospitality industry companies will disclose even more employee-related indicators in the future due to the importance they give to their human resources and the importance of such indicators is further discussed in this paper.

Diversification and company sales efficiency: Synergy influence on business valuation

“…Therefore, the main advantage of using the above methods and calculation formulas is the quality of the calculation and the elimination of incorrectness (Krivokapić et al, 2017; Thompson et al, 2015). Especially, this is relevant when determining indicators such as the potential value of the synergistic effect, the cost of the combined organization taking into account synergy, the cost of the buying organization, the cost of the acquired organization, the risk of not achieving positive synergies, and the premium paid to the organization being sold by the buying organization and transaction costs (Itami & Roehl, 1987; Mohindru & Chander, 2010; Pavić & Pervan, 2010).…”

“…Next, the value of both companies is determined, but without considering synergy (Pavić & Pervan, 2010). Then the cost of businesses with a synergistic effect (allowing for changes in CF (cash flow)) is considered.…”

Product Line Diversification and Its Impact on Firm Performance

“…On the other hand, Cummins and Nini (2002), concluded that diversification has inverse effect on firm profitability. Pavić and Pervan (2010) and Lee and Kang (2015) also found that diversification has a significant negative influence on profitability. Lee (2017) also analyzed product diversification's impact on firm performance among insurance firms and found significant negative effect on insurer's performance.…”

Untitled

“…Dalekosežnost posljedica važnih nalaza istraživanja u području ovu temu čini istraživački aktivnom i danas (Madžar & Milohnić, 2019;Načinović Braje, Pavić & Ferjanić Hodak, 2020;Bakotić, 2021;Andrijić, 2022;Pandža Bajs & Tomas, 2023).…”