Český finanční a účetní časopis 2018(4):71-83 | DOI: 10.18267/j.cfuc.523

Do Czech small and medium-sized companies disclose non-financial information?

Marcela Zárybnická Žárová

Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví, katedra finančního účetnictví a auditingu, nám. W. Churchilla 4, 130 67 Praha 3.

The aim of this paper is to identify whether small and medium-sized companies in the Czech Republic disclose non-financial information even though non-financial information disclosure is not obligatory. To answer on research question meant to determine non-financial information in the article as a first step. As a next step of research, manually collected data from annual reports and explanatory notes to financial statements for selected Czech small and medium-sized companies in Commercial Register were established as the databases for small and medium-sized companies doesn't exist in the CR. Content analysis for 650 companies was used to select 75 small and medium-sized companies according to conditions of research. There were determined three key research questions for companies in research sample: disclosure of non-financial information in sample of medium-sized companies, in sample of small audited companies and sample of small non-audited ones. As it also seems that there is a tendency in group of small-sized companies, that small audited companies disclose non-financial information more often than small non-audited companies, as an integral part of research was to proof this tendency at least. However, the statistical significance of these results is questionable.

Keywords: Non-financial information; Small and medium-sized companies; Disclosure of non-financial information.

JEL classification: M41, M48

Published: January 1, 2019  Show citation