Impact of Non-Financial Information on Sustainable Reporting of Organisations’ Performance: Case Study on the Companies Listed on the Bucharest Stock Exchange

Abstract

The influences resulted from the strategy of sustainable development of a country represents a challenge for both the research and all those interested. This paper researches how the non-financial information is relevant in reflecting the sustainability of Romanian economic entities’ performances. In this context, reference is made to the Bucharest Stock Exchange (BVB) and to the extent that the economic entities listed at the stock exchange draft sustainable reports in compliance with the international reporting requirements. The hypotheses formulated are related to the specific characteristics of the economic entities listed on the BVB. The research was done on a sample consisting of all economic entities contained by the International Reporting System of Issuers (IRIS) platform of the BVB, the sustainable reporting was analysed through the Pearson correlation coefficient and the ANOVA test. Following the research, results were obtained that made it possible to validate/invalidate the hypotheses. One of the specific characteristics that has been noted refers to the size of the economic entity; this has been shown to influence the extent to which the sustainable report drafted complies with the requirements of the international reporting frame.

The Fourth Industrial Revolution and the Sustainability Practices: A Comparative Automated Content Analysis Approach of Theory and Practice

“…ESG information shows a picture of the company and is therefore becoming increasingly important for financial markets. Investors have become aware of the importance of sustainable development, which is increasingly gaining its place in the laws of individual countries, and among end customers, who are increasingly in demand for sustainable products and services [140,141]. In this field, it will be necessary to research sustainable reporting and, based on the analysis of company reports, to determine how this reporting changes over time and what information it contains.…”

Responsible Communication of Romanian Companies for Ensuring Public Health in a COVID-19 Pandemic Context

“…In order to achieve the objective of the paper, a quantitative and qualitative analysis was conducted based on data from the IRIS platform of the BVB [ 55 ]. The aim of the platform is to increase the degree of transparency by implementing a secure and credible communication system that could permanently ensure access to information and improve communication with shareholders, analysts and investors.…”

Sustainable Reporting: Practices and Challenges

“…Sustainable development is not only linked to financial reporting, but also focuses on additional reports and information on non-financial indicators, social impact reports, social responsibility, even integrated reports. Most often, they cover all aspects of the organization, including social, ethical, and environmental areas that are important to the stakeholders (Kwarcińska, 2020;Man & Bogeanu-Popa, 2020;Gilina, 2015). Some authors underline "the need to integrate sustainable reporting practices into overall management reporting" (Băndoi et al, 2021;Denčić-Mihajlov & Zeranski, 2017;Eccles & Krzus, 2010;Radulescu, & Nastase, 2012).…”