Information Transparency of the Statement of Comprehensive Income: The Reporting Practice of WIG30 and DAX Companies
Journal Title: Journal of Entrepreneurship, Management and Innovation - Year 2016, Vol 12, Issue 3
Abstract
This article aims to identify changes in the form of the statement of comprehensive income in companies in the WIG30 and DAX indices. It also aims to identify and grade components of other comprehensive income, in terms of the information transparency of the presentation options. The article demonstrates also the impact of national cultural dimensions on the form of the statement of comprehensive income. The study found that most of the surveyed companies present their statement of comprehensive income in two statements, with the number of accounting notes regarding comprehensive income presented by companies in their financial statements increasing over the period under study. The study identified four options for the presentation of other comprehensive income components used by the surveyed companies in the years 2012-2014, with the particular option chosen reflecting the different information transparency of the statement of comprehensive income. The results show that the practice of reporting in the area of the statement of comprehensive income of the DAX index companies is ahead of that in the WIG30 index. The research results on information transparency of the statement of comprehensive income correspond to one of the national cultural dimensions.
Authors and Affiliations
Jacek Gad
Keywords
Related Articles
- EP ID EP237643
- DOI 10.7341/20161235
- Views 150
- Downloads 0
Corporate Social Responsibility and Business Ethics in Controversial Sectors: Analysis of Research Results
Until recently, in business practice, there was a belief that companies were operating solely for the profit of their owners. Few companies have recognized the need to combine their activities with ethics, and in particu...
Financial Innovation and Sustainable Development in Selected Countries in West Africa
Financial innovation has given a new trend to modern financial system and its importance has been widely recognized. This study investigated the effect of financial innovation augmented with bank competition on sustainab...
The Role of Organizational Culture in Knowledge Management in Small Companies
Organizational culture is an important factor influencing knowledge management processes in small companies. Small entities usually have limited resources, both human and financial, to be able to develop advanced knowled...
Dynamic capabilities and network benefits
The number of publicly funded initiatives to establish or strengthen networks and clusters, in order to enhance innovation, has been increasing. Returns on such investments vary, and the aim of this study is to explore t...
An Innovation Capability Development Process for Firms in Developing Countries: A Theoretical Conceptual Model
Firms in developing nations possess low innovation capabilities due to the absence of an adequate conceptual model that consolidates the innovation capability development (ICD) constructs tailored to their needs. To desc...