Повышает ли стоимость компании публикация нефинансовых отчетов по стандартам GRI? (на примере стран БРИКС)
https://doi.org/10.26794/2408-9303-2017--2-28-36
Аннотация
В статье приводится обзор литературы о влиянии публикации нефинансовых отчетов (НФО) на отношение рыночной стоимости капитала к балансовой и эмпирическое исследование на основе сравнения компаний, выпускавших отчеты в соответствии со стандартами Глобальной инициативы по отчетности (Global Reporting Initiative, GRI) в 2004-2014 гг., с компаниями, опубликовавшими только финансовую отчетность. Анализ проводился на основе выборки из компаний в Бразилии, России, Индии, Китае и Южно-Африканской Республике (БРИКС). Финансовые данные были получены из базы данных Compustat, список компаний, выпускающих нефинансовые отчеты, был получен на веб-сайте GRI. Используя последнюю версию модели Олсона, было выявлено, что выпуск отчета в соответствии с принципами GRI оказывает положительное влияние на отношение рыночной стоимости капитала к балансовой в течение года и через год после выпуска отчета. Кроме того, были определены сектора, для которых публикация НФО является значимой.
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Рецензия
Для цитирования:
Кузубов С.А., Евдокимова М.С. Повышает ли стоимость компании публикация нефинансовых отчетов по стандартам GRI? (на примере стран БРИКС). Учет. Анализ. Аудит. 2017;(2):28-36. https://doi.org/10.26794/2408-9303-2017--2-28-36
For citation:
Kuzubov S.А., Evdokimova M.S. Does the Company Value Increase through the Publication of Non-Financial Reports under GRI Guidelines? (On the Example of BRICS Countries). Accounting. Analysis. Auditing. 2017;(2):28-36. (In Russ.) https://doi.org/10.26794/2408-9303-2017--2-28-36
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