Issue 2022, v9, S1, 8


The Journal of Corporate Governance,  Insurance, and Risk Management (JCGIRM) 2022, Volume 9, Series 1

Institutional prerequisites for the development of a non-financial reporting organization model in countries with lower-middle-income economies (the case of Ukraine)

Maria Kucheriavaa,*

State Educational-Scientific Establishment “The Academy of Financial Management”, str. O. Honchara, 46/48, Kyiv, 01034, Ukraine

 

A B S T R A C T   A R T I C L E   I N F O
Purpose: The creation of favourable conditions on the part of the state for the introduction of approaches to responsible business conduct ensures that the development of the national accounting system is in line with modern trends adopted throughout the world. However, adaptation is impossible without proper scientific-analytical and methodological support. Scientific and analytical support of the adaptation process requires constant, consistent and planned work to assess the translation of European legislation into Ukrainian; implementation of a comprehensive comparative analysis of current legislation in accounting with international approaches to the disclosure of information in non-financial reporting.

Methodology: The work aims to explore the best practices of forming the institutional framework for non-financial reporting of enterprises, which governments of low-middle economy countries can successfully implement. The object of research is international and national regulations and framework documents in the non-financial reporting of enterprises. Practical Implications: The value of the work is the creation of institutional preconditions for spreading the concept of corporate social responsibility among Ukrainian enterprises, which will increase the favourable business environment of the country and the efficiency of state resources management. The best world practice of non-financial reporting regulation was analyzed to achieve this goal. In addition, the basic principles of formalizing the mechanism of collecting and processing data on non-financial reporting of Ukrainian enterprises through the prism of international experience were studied.

  Keywords: non-financial reporting, e-format of non-financial reporting, sustainable development, lower-middle economies.

*Corresponding author:

piven_maria@ukr.net

Maria Kucheriava

Article history:

Received: 02.12.2021

Revised  : 09.03.2022

Accepted: 24.03.2022

DOI  https://doi.org/10.51410/jcgirm.9.1.8

Cite Article (APA):  Kucheriava, M. 2022. Institutional prerequisites for the development of a non-financial reporting organization model in countries with lower-middle-income economies (the case of Ukraine). The Journal of Corporate Governance, Insurance, and Risk Management (JCGIRM).2022, Volume 9, Series 1, Pages 126-125.

Download Article

 

   Privacy Policy, Terms and Conditions