Ex-ante Study about Disclosure of Non-financial Information by Romanian Companies from Agriculture and Manufacture of Food Products
Keywords:
non-financial reporting, disclosure, sustainability, Directive 2014/95/EU.Abstract
In Romania, starting with the financial
statements of the year 2017, companies
with more than 500 employees are
required to report the non-financial
information in line with the
requirements of the 2014/95/EU
Directive transposed into Romanian
legislation. The purpose of this paper is
to evaluate the degree of disclosure of
this information by the Romanian
companies in the field of agriculture
and manufacture of food products
before applying these regulations. The
analysis reveals that the level of
information disclosure is low,
influenced by a number of factors: the
type of ownership, the membership of a
group and the trading of shares on the
capital market. The evaluation of
reporting practices is useful to track
how companies in the future will apply
to non-financial reporting requirements.
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