INNOVATIONS IN SOCIAL AND ENVIRONMENTAL REPORTING BASED ON THE KNOWLEDGE OF STAKEHOLDERS’ INFORMATION NEEDS

Starting form the accounting status as a social and institutional practice and the economic role of financial reporting, the paper addresses the issue of social and environmental accounting and reporting regulation.We propose an analysis of the main repsocial and environmental reporting, voluntary disclosure, regulation, shareholder value, stakeholder value, risk

Exploratory Study on Social and Environmental Reporting of European Companies in Crises Period

The present study promotes arguments for reporting improvement to support stakeholders’ confidence and proposes possible policies and strategies for social and environmental reporting, resulting from European companies’ activity. We examined the information disclosed in annual reports and corporate social responsibility reports from a sample of the companies listed on the Euronext Stock Exchange over a three-year period. The purpose of the research is to support the idea that the quality of social and environmental information provided by companies is increasing as time passes and in relation to the present economic conditions. We conducted an exploratory study whose results are analysed and discussed in terms of financial and economic evolution within the present world crisis. They give us the possibility to design a new facet of the overall framework for reporting social and environmental information by combining theoretical requirements of the Global Reporting Initiative (GRI) standards with their implementation in the reporting practice of European companies.social, environmental, reporting, corporate responsibility, companies’ practice

Social and Environmental Issues in Corporative Management: A Romanian Story

The complex process of monitoring entities environmental impact entails ability, respect for the environment and reduction of the ecological footprint. This research defines Romanian trends as regards the effects and actions to adapt to climate change and characterizes corporate management in terms of compliance with environmental management systems requirements. The main objective is to assess the current state of environmental management implementation and identifies relevant social and environmental issues that companies use to include in corporate management. The current agenda would allow developing a framework for environmental management implementation in Romanian entities, in order to assume the corporate social responsibility

Social and Environmental Determinants of Risk and Uncertainties Reporting

Recently, risk reporting has gained interest in financial reporting practice, regulation, and internationalresearch. Social and environmental reporting is seen to benefit shareholders more byreducing risk than by increasing return. The researchers showed that the annual report is themost favoured channel of disclosure, along with presentation to investors. The general messageis that, as far as annual reports go, quantified, verifiable disclosures have the most credibilityand relevance. Our paper is meant to develop an analysis of specific requirements regardingrisks and uncertainties reported into the financial statements according to different standards(US-GAAP, IFRS, and European Directives) and their connection to social and environmentalinformation that an entity should disclose. We focus on fundamental research that is related toinductive accounting theory and uses scientific methods for identification of corporate reportingtheoretical and practical difficulties in European and international economic entities. Copyright © www.iiste.or

Education for sustainability – a prerequisite for post-crisis economic competitiveness with possible inference for Romania

The need to integrate sustainability among the skills of specialists in economics and its accreditation for the university curricula was recognized in academic literature for over twenty years. Based on literature review the study outlines the idea that although there is significant interest in the concept of sustainability for economic education, particularly for the accounting domain, as demonstrated by the wide range of topics dealt with in a number of high quality journals, the dispersion is extremely high, the subjects are not treated consistently and the research impact is not reflected in practice. The paper presents then a documentary based research on the deepening the subjects included in the curricula of master’s programs in a number of European universities, central or collateral dealing with aspects of sustainability. In the last part of the article a study is depicted in order to present a picture of the possible involvement of Romanian students, graduated of economic studies, regarding the aspects of sustainability (environment, society and corporate responsibility), impacting the future evolution of the Romanian economy

New Perspectives on Corporate Reporting: Social-Economic and Environmental Information

In recent times the demand for disclosure of listed companies has dramatically increased and the failures of large companies listed on the most important stock exchanges have placed extra pressure on listed companies and standard setters for the increase in the quality of corporate reporting (Beretta, Bozzolan, 2004, pp. 303-305). Our research aims the participation to the professional judgment construction through conducting a survey of existing studies on corporate socio-economic and environmental disclosure. We focus on fundamental research which is related to inductive accounting theory and uses scientific methods for identification of corporate reporting theoretical and practical difficulties in European and international economic entities. To accomplish our objective, we take into consideration the studies on socio-economic and environmental reporting, already conducted at European and international level, the financial reporting experience and the Romanian experience on this area. We analyze the status of development in corporate reporting and environmental reporting standards and focus on the issues requested and their implications. Also, the paper allows new approaches regarding quality information reporting and its implementation into entities financial statements, ensuring premises for future research

New Perspectives on Corporate Reporting: Social-Economic and Environmental Information

In recent times the demand for disclosure of listed companies has dramatically increased and the failures of large companies listed on the most important stock exchanges have placed extra pressure on listed companies and standard setters for the increase in the quality of corporate reporting (Beretta, Bozzolan, 2004, pp. 303-305). Our research aims the participation to the professional judgment construction through conducting a survey of existing studies on corporate socio-economic and environmental disclosure. We focus on fundamental research which is related to inductive accounting theory and uses scientific methods for identification of corporate reporting theoretical and practical difficulties in European and international economic entities. To accomplish our objective, we take into consideration the studies on socio-economic and environmental reporting, already conducted at European and international level, the financial reporting experience and the Romanian experience on this area. We analyze the status of development in corporate reporting and environmental reporting standards and focus on the issues requested and their implications. Also, the paper allows new approaches regarding quality information reporting and its implementation into entities financial statements, ensuring premises for future research

Education for sustainability – a prerequisite for post-crisis economic competitiveness with possible inference for Romania

The need to integrate sustainability among the skills of specialists in economics and its accreditation for the university curricula was recognized in academic literature for over twenty years. Using the literature review and documentation, the present paper identifies the key factors in the assessment of the current state of the scientific research and the practice of European universities. The prime responsibility is for economic universities to adjust curricula to meet these demands. In this sense, the paper constructs a debate on the organisation and the projection of a strategy in developing the economic education towards sustainability in higher economic education in Romania

Social and Environmental Determinants of Risk and Uncertainties Reporting

Recently, risk reporting has gained interest in financial reporting practice, regulation, and international research. Social and environmental reporting is seen to benefit shareholders more by reducing risk than by increasing return. The researchers showed that the annual report is the most favoured channel of disclosure, along with presentation to investors. The general message is that, as far as annual reports go, quantified, verifiable disclosures have the most credibility and relevance. Our paper is meant to develop an analysis of specific requirements regarding risks and uncertainties reported into the financial statements according to different standards (US-GAAP, IFRS, and European Directives) and their connection to social and environmental information that an entity should disclose. We focus on fundamental research that is related to inductive accounting theory and uses scientific methods for identification of corporate reporting theoretical and practical difficulties in European and international economic entities

INNOVATIONS IN SOCIAL AND ENVIRONMENTAL REPORTING BASED ON THE KNOWLEDGE OF STAKEHOLDERS’ INFORMATION NEEDS

Starting form the accounting status as a social and institutional practice and the economic role of financial reporting, the paper addresses the issue of social and environmental accounting and reporting regulation. We propose an analysis of the main re