КОРПОРАТИВНО ИЗВЈЕШТАВАЊЕ О ОДРЖИВОСТИ КАО ВАРИЈАБЛА ВРИЈЕДНОСТИ ПРЕДУЗЕЋА
CORPORATE SUSTAINABILITY REPORTING AS A VARIABLE OF COMPANY VALUE

Author(s): Tajana Serdar Raković, Dragan Mikerević
Subject(s): Business Economy / Management, Financial Markets, Accounting - Business Administration
Published by: Savez računovođa i revizora Republike Srpske
Keywords: company value; value variable; corporate sustainability reporting; financial performance; sustainable business;
Summary/Abstract: The new EU Corporate Sustainability Reporting Directive - CSRD (2022/2464) modernizes and strengthens the rules related to social and environmental information that companies must disclose in their financial statements. The significance of the new regulation is that it has global effects, spreading its influence on the world market. Following the new regulation and the global effect of sustainable development, the connection between 'value creation and business sustainability appears. In the paper, we examine how the new requirements for sustainability reporting will affect the financial performance and 'value of companies. Sustainability reporting will lead to the publication of more consistent, transparent and comparable information, which will be used in the company valuation process, whereby companies that successfully position themselves in a market where sustainability plays a very important role will have a greater value. The goal of the paper is to shed light on how new regulatory changes and corporate sustainability reporting will affect the value of companies, especially in Bosnia and Herzegovina. The results of our research have shown that the majority of respondents (74.4%) believe that reporting on sustainability is a very important factor in the future financial performance and 'value of the company, thus confirming our research hypothesis. Our research has yielded results that are consistent with other studies, and the relevant information we have obtained reveals that sustainability reporting is very important as a new variable that affects the value of a company.

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