Non-Financial Information and Integrated Reporting in the Hospitality Industry: Case Study of Croatia

Peršić, Milena; Halmi, Lahorka

doi:10.12775/cjfa.2017.019

Cited by 2 publications

(2 citation statements)

References 5 publications

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“…or companies that belong to critical industrial sectors (e.g., mining and oil companies) [35][36][37]. In addition, before the inclusion of the EU Directive, several studies were conducted on the non-financial reporting of the hospitality industry, the results of which showed that their quality was not satisfactory [38][39][40][41][42].…”

Section: Literature Reviewmentioning

confidence: 99%

Non-Financial Information in Hotel Companies

Vlašić

Poldrugovac

2022

Sustainability

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The enactment of EU Directive 2014/95/EU and EU Guidelines 2017/C215/01 for large European public interest entities with more than 500 employees recognised the importance of non-financial information and made its disclosure mandatory. The importance of disclosing non-financial information for the hospitality industry is significant, as it is an industry that is highly sensitive and connected to the environment and social interactions. The aim of this paper is to investigate the content of non-financial information disclosed by Croatian hotel companies that list their shares on the financial market since this became mandatory. For this reason, the following research questions were posed: Is the non-financial information presented in the reports of Croatian hotel companies sufficient? If this information is insufficient, how can its content be improved? To answer these research questions, a content analysis of non-financial information in relation to general information, emissions and pollution prevention, sustainability, other environmental information, and EU Directive requirements from publicly available sources of hotel companies was conducted. The research results show that Croatian hotel companies mainly publish satisfactory levels of non-financial information related to waste management and recycling, as well as energy and water consumption, while the content of other non-financial information should be improved. The research results will be used in defining and improving the content of non-financial information for hotel companies as guidelines for publishing non-financial information specifically tailored to the hospitality industry.

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Section: Literature Reviewmentioning

confidence: 99%

Non-Financial Information in Hotel Companies

Vlašić

Poldrugovac

2022

Sustainability

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“…From a wider perspective, Peršić and Halmi (2017) attempted to explore the specifics of non-financial information and integrated reporting in the Croatian hospitality sector and uncovered very few companies disclosing non-financial information within their annual reports, or of a satisfactory quality to satisfy national regulations. Meanwhile, the progress from stand-alone CSR to integrated reporting was also examined by Rupley et al (2017) through an analysis of the reports from eight front-running US companies, finding that, overall, current integrated reports do not provide the information most highly rated by investors.…”

Section: Literature Reviewmentioning

confidence: 99%

Adoption of Integrated Reporting in Emerging Economies: Evidence from Bahrain

Hameed

Ahmed

2020

Asian Economic and Financial Review

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This study investigated the extent to which integrated reporting has been implemented and the factors that determine its adoption in Bahrain. The annual reports of companies listed on the Bahrain Bourse were examined for the period 2017-2019. Then, content analysis was conducted to assess the extent of integrated reporting in 16 listed companies through the integrated reporting index (IRI), which comprises 45 disclosure items divided across 6 categories. The results indicated that the companies sampled had moved toward integrated reporting between 2017 and 2019, despite it not yet being mandatory in Bahrain. The most frequent disclosures concerned principal activities and markets, reporting boundary, accounting standards, and the link between past and current performance. However, no disclosures were provided for social risks and opportunities, as well as stakeholders' involvement in forming and resource allocation for implementing strategy; moreover, corporate reports neglected any forward-looking outlook, while disregarding performance indicators. extended further regression analysis was performed to identify the determinants for adopting integrated reporting, specifically company-specific characteristics. The results revealed that IRI is significantly and positively related to company size. Contribution/Originality: This study contributes to the current body of literature on integrated reporting in two areas: first, it enriches the corpus by focusing on a developing country, Bahrain, where few studies have been undertaken; second, it provides empirical evidence on the determinants for the extent to which integrated reporting has been adopted.

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Non-Financial Information and Integrated Reporting in the Hospitality Industry: Case Study of Croatia

Cited by 2 publications

References 5 publications

Non-Financial Information in Hotel Companies

Non-Financial Information in Hotel Companies

Adoption of Integrated Reporting in Emerging Economies: Evidence from Bahrain

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