The relations between the quality of financial statements and corporate governance

• Autorzy: Iwona Franczak
• Języki publikacji: EN

Abstrakty

EN

Business entities operated in the form of capital companies, to maintain reliability and transparency of the activities conducted, should observe general supervisory framework of legal nature. The primary objective of the information policy is to provide stock market participants with appropriate standards of company transparency which through the corporate governance regulations should lead to the improvement in the quality of financial reporting. Financial statements should be reliable as it is only then that their aims and targets are met, and the image of business they depict should be created according to the true and fair principle, invoking the responsibility of individuals supervising the process of drawing up a financial statement. The aim of the paper is to indicate the essence of the relationship between the quality of financial statements and the application of corporate governance principles. The paper uses the analysis of regulations and review of literature in the field of corporate governance and reporting of listed companies. The results of the analysis confirm that the quality of reported information determines the effectiveness of corporate supervision; that integrated reporting (IR) is a tool enabling organizations to communicate their value to investors; and that corporate supervision allows said organizations to adopt the comprehensive approach in developing sustainable value.(original abstract)

Słowa kluczowe

EN

Corporate governance; Financial statements; Integrated reporting

PL

Ład korporacyjny; Sprawozdanie finansowe; Sprawozdawczość zintegrowana

• Czasopismo: International Journal of Management and Economics
• Rocznik: 2019
• Tom: 55
• Numer: nr 2
• Strony: 118--126

Twórcy

autor

Iwona Franczak

• University of Economics in Katowice, Poland

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Identyfikatory

DOI

https://doi.org/10.2478/ijme-2019-0009