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Digitalization Of The Corporate Reporting In Europe - Evidence From Bulgarian Wood Based Industry

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  • Atanasov, Atanas

Abstract

In the conditions of digital transformation, change of business models and more requirements to the transparency and accuracy of disclosed information, the corporate reporting - financial and nonfinancial - still adheres to the paper format. The introduced requirement for European public companies to use the European Single Electronic Financial Reporting Format (ESEF) aims to increase the analytical qualities of the disclosed information. The main thesis we share is that the introduction of ESEF will allow a wide range of users to use the reports, extracting from them the information they need, and the digitalization of reporting can enable managers to focus on specific risks that determine the value of the business. Arguments regarding the digitalization of non-financial reporting in the context of the lack of a uniform framework and standards for disclosure are also considered. Bulgarian public enterprises from wood based industry - public and non-public, were studied, and the results of the study significantly support our thesis.

Suggested Citation

  • Atanasov, Atanas, 2022. "Digitalization Of The Corporate Reporting In Europe - Evidence From Bulgarian Wood Based Industry," MPRA Paper 114372, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:114372
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    References listed on IDEAS

    as
    1. Indrit Troshani & Nick Rowbottom, 2021. "Digital Corporate Reporting: Research Developments and Implications," Australian Accounting Review, CPA Australia, vol. 31(3), pages 213-232, September.
    2. Indrit Troshani & Lee D. Parker & Andy Lymer, 2015. "Institutionalising XBRL for financial reporting: resorting to regulation," Accounting and Business Research, Taylor & Francis Journals, vol. 45(2), pages 196-228, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    digital reporting; ESEF; Bulgarian wood based companies;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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