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Non-Financial Information And Integrated Reporting In The Hospitality Industry: Case Study Of Croatia

Author

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  • Milena Peršić
  • Lahorka Halmi

    (University of Rijeka
    Karlovac University of Applied Sciences)

Abstract

Subsequent to the Directive 2014/95/EU (EUDNFI) and Croatian Accounting Act (CAA), available non-financial information disclosed by Croatian hospitality companies in non-financial (sustainability) reports were analysed for their breadth and quality using the content analysis method The results of preliminary research of hospitality industry were used in order to explore the specifics of non-financial reporting in the hospitality industry, using case study method. Results reveal the highest scores among the quality principles is timeliness, among areas are environment, labour practice, and community/society, and an overall score to be 7.67 (out of 30). The lowest scores of quality principles were reliability and comparability, whereas areas were product and human rights. The results point to a need for establishing a framework for disclosing non-financial information in reports to make them useful to internal and external users. Therefore, relevant opinions of experts, bodies and associations, such as CSR Europe, International Integrated Reporting Council, GRI’s Corporate Leadership Group, will be considered in creating a model, with a particular emphasis on the globally accepted sustainability accounting standards.

Suggested Citation

  • Milena Peršić & Lahorka Halmi, 2017. "Non-Financial Information And Integrated Reporting In The Hospitality Industry: Case Study Of Croatia," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 6(3), pages 95-109.
    • Handle: RePEc:cpn:umkcjf:v:6:y:2017:i:3:p:95-109
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    References listed on IDEAS

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    3. Milena Peršić & Lahorka Halmi, 2016. "Disclosing Non-Financial Information In Companies’ Reports In Croatia," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 5(2), pages 181-200.
    4. Mădălina Dumitru & Mariana Elena Glăvan & Cătălina Gorgan & Valentin Florentin Dumitru, 2013. "International Integrated Reporting Framework: A Case Study In The Software Industry," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(15), pages 1-2.
    5. Mohammad Enamul Hoque, 2017. "Why Company Should Adopt Integrated Reporting?," International Journal of Economics and Financial Issues, Econjournals, vol. 7(1), pages 241-248.
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    Cited by:

    1. Salwa M. A. Hameed & Noora A. R. Rahman Ahmed, 2020. "Adoption of Integrated Reporting in Emerging Economies: Evidence from Bahrain," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 10(10), pages 1115-1130, October.
    2. Dubravka Vlašić & Katarina Poldrugovac, 2022. "Non-Financial Information in Hotel Companies," Sustainability, MDPI, vol. 14(16), pages 1-13, August.

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