Повышает ли стоимость компании публикация нефинансовых отчетов по стандартам GRI? (на примере стран БРИКС)
This paper provides a review of the literature about the impact of non-financial reporting (NFR) on the
market to book ratio and empirical research based on the comparison of the companies that issued the reports according to the General Reporting Initiative (GRI) standards in 2004–2014 with the companies which published only financial statements. The sample is drawn from the companies based in Brazil, Russia, India, China and South Africa (BRICS). Financial data were taken from the Compustat database, the list of companies producing non-financial statements has been obtained from the GRI website. Using the latest version of the Olson’s model it has been revealed that the issue of a report in accordance with the GRI guidelines has a positive significant effect during that year and the year after the release. Also, there have been identified some sectors for which the publication of such statements is significant.
Sustainable development, declared at the World Summit in Rio de Janejro in 1992, gradually became a landmark of economic policy for numerous leading countries of the world. Initiative belongs not only to the states but also to private sector in the form of big companies that wish to demonstrate their sustainability and reliability as partners, including not only financial, but environmental and social successes.
In order to develop common approach for reflecting environmental and social activities in corporate reports an international sr=tandard was developed - Global reporting initiative (GRI).
The main aim of GRI is to attain sustaibnable economy in the global scale when companies ensure reaching of relevant economic, environmental and social indicators, as well as adequate level of management system and transparent reporting.
The article also contain characteristics of environmental component of non-financial reporting according to the international standard.
Sustainable development declared at the World Summit in Rio de Janeiro in 1992, gradually became a landmark of economic policy for numerous leading countries of the world. This initiative belongs not only to the governments but also to the private sector in the form of big companies that wish to demonstrate their sustainability and reliability as partners, including not only financial, but also environmental and social successes.
In order to develop common approach for reflecting environmental and social activities in corporate reports an international standard was developed - the Global Reporting Initiative (GRI).
The main aim of GRI is to attain sustainable economy in the global scale when compabnies ensure reaching of relevant economic, enironmental and social indicators, as well as adequate level of management and transparent reporting system
The paper examines some of the theoretical issues regarding the publication of the value added as a voluntary dosclosure in the process of accounting communication.
The article present of a model of sustainable development of the largest companies in the region and in the territory. The model allows evaluating the sustainable character of a company's development through comparison of the planned and real data, and to discover its non-balanced dynamics.
The monograph presents the results of a comparative assessment of the achievement of the Sustainable Development Goals, describes global and domestic trends and imbalances. The paper also considers the development of public non-financial reporting as one of the ways to assess the impact of enterprise performance on society and the environment, and examines circular business models that allow transforming the economy and ensuring its sustainable development. The final part of the monograph presents the results of a study of the attitude of households to environmental projects, describes the factors that affect the willingness of citizens to participate in environmental projects.
The present article aims to analyze the degree of modern business ethics practices like corporate social responsibility and corporate governance in Russian enterprises.