Ex-ante Study about Disclosure of Non-financial Information by Romanian Companies from Agriculture and Manufacture of Food Products
Ex-ante Study about Disclosure of Non-financial Information by Romanian Companies from Agriculture and Manufacture of Food Products

Summary/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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