Non-financial information reporting of Polish family and non-family companies. A comparative analysis
Purpose: According to the principles of the Socioemotional Wealth concept, family firms are particularly attentive to the non-financial aspects of their businesses, as this dimension is closely identified with the owners’ families and their reputation. This research aims to identify the approaches m...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Rada Naukowa SKwP
2022-12-01
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| Series: | Zeszyty Teoretyczne Rachunkowości |
| Subjects: | |
| Online Access: | http://ztr.skwp.pl/gicid/01.3001.0016.1303 |
| _version_ | 1828064821280505856 |
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| author | Olga Martyniuk dr Magdalena Gostkowska-Drzewicka |
| author_facet | Olga Martyniuk dr Magdalena Gostkowska-Drzewicka |
| author_sort | Olga Martyniuk |
| collection | DOAJ |
| description | Purpose: According to the principles of the Socioemotional Wealth concept, family firms are particularly attentive to the non-financial aspects of their businesses, as this dimension is closely identified with the owners’ families and their reputation. This research aims to identify the approaches maintained by Polish family firms towards their non-financial information reporting in comparison with their non-family counter-parts and examine the quality of the information presented. Methodology/approach: For the theoretical part, the source literature analysis meth-od and the descriptive analysis method were used. The selection of the sample compa-nies was made using a matched-pair analysis. To assess the quality of the ESG disclo-sures, content analysis and the research design developed by Hąbek and Wolniak (2016) were applied.
Findings: Our empirical study supports the initial assumption that family firms’ ESG disclosures are better quality than their non-family counterparts. This applies to both the relevance and credibility of information. The availability of non-financial infor-mation to external stakeholders has been rated low for both family and non-family busi-nesses.
Research limitations/implications: The study is limited to one country; hence the suggestion that similar research be conducted in other countries in the CEE region. This will make it possible to assess whether, in economies that have undergone a pro-cess of transformation and where family entrepreneurship has a much shorter history than in developed countries, family businesses also undertake and promote CSR activi-ties to a greater extent than non-family firms. The study only focused on listed compa-nies; to strengthen the findings, further research would need to include entities from the SME sector, which dominates most economies.
Originality/value: Quality assessment of non-financial reporting is a rarely addressed topic in the literature on non-financial reporting and family businesses. To the best of our knowledge, this is the first study to focus on the Polish market.
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| first_indexed | 2024-04-10T23:05:42Z |
| format | Article |
| id | doaj.art-724db062959946aca64936e19b98fa37 |
| institution | Directory Open Access Journal |
| issn | 1641-4381 2391-677X |
| language | English |
| last_indexed | 2024-04-10T23:05:42Z |
| publishDate | 2022-12-01 |
| publisher | Rada Naukowa SKwP |
| record_format | Article |
| series | Zeszyty Teoretyczne Rachunkowości |
| spelling | doaj.art-724db062959946aca64936e19b98fa372023-01-13T11:05:03ZengRada Naukowa SKwPZeszyty Teoretyczne Rachunkowości1641-43812391-677X2022-12-01464699110.5604/01.3001.0016.130301.3001.0016.1303Non-financial information reporting of Polish family and non-family companies. A comparative analysisOlga Martyniuk0dr Magdalena Gostkowska-Drzewicka1Uniwersytet Gdański Wydział Zarządzania Katedra Finansów PrzedsiębiorstwUniwersytet Gdański Wydział Zarządzania Katedra Finansów PrzedsiębiorstwPurpose: According to the principles of the Socioemotional Wealth concept, family firms are particularly attentive to the non-financial aspects of their businesses, as this dimension is closely identified with the owners’ families and their reputation. This research aims to identify the approaches maintained by Polish family firms towards their non-financial information reporting in comparison with their non-family counter-parts and examine the quality of the information presented. Methodology/approach: For the theoretical part, the source literature analysis meth-od and the descriptive analysis method were used. The selection of the sample compa-nies was made using a matched-pair analysis. To assess the quality of the ESG disclo-sures, content analysis and the research design developed by Hąbek and Wolniak (2016) were applied. Findings: Our empirical study supports the initial assumption that family firms’ ESG disclosures are better quality than their non-family counterparts. This applies to both the relevance and credibility of information. The availability of non-financial infor-mation to external stakeholders has been rated low for both family and non-family busi-nesses. Research limitations/implications: The study is limited to one country; hence the suggestion that similar research be conducted in other countries in the CEE region. This will make it possible to assess whether, in economies that have undergone a pro-cess of transformation and where family entrepreneurship has a much shorter history than in developed countries, family businesses also undertake and promote CSR activi-ties to a greater extent than non-family firms. The study only focused on listed compa-nies; to strengthen the findings, further research would need to include entities from the SME sector, which dominates most economies. Originality/value: Quality assessment of non-financial reporting is a rarely addressed topic in the literature on non-financial reporting and family businesses. To the best of our knowledge, this is the first study to focus on the Polish market. http://ztr.skwp.pl/gicid/01.3001.0016.1303family firmnon-financial reportingESG disclosureCSRnon-financial information |
| spellingShingle | Olga Martyniuk dr Magdalena Gostkowska-Drzewicka Non-financial information reporting of Polish family and non-family companies. A comparative analysis Zeszyty Teoretyczne Rachunkowości family firm non-financial reporting ESG disclosure CSR non-financial information |
| title | Non-financial information reporting of Polish family and non-family companies. A comparative analysis |
| title_full | Non-financial information reporting of Polish family and non-family companies. A comparative analysis |
| title_fullStr | Non-financial information reporting of Polish family and non-family companies. A comparative analysis |
| title_full_unstemmed | Non-financial information reporting of Polish family and non-family companies. A comparative analysis |
| title_short | Non-financial information reporting of Polish family and non-family companies. A comparative analysis |
| title_sort | non financial information reporting of polish family and non family companies a comparative analysis |
| topic | family firm non-financial reporting ESG disclosure CSR non-financial information |
| url | http://ztr.skwp.pl/gicid/01.3001.0016.1303 |
| work_keys_str_mv | AT olgamartyniuk nonfinancialinformationreportingofpolishfamilyandnonfamilycompaniesacomparativeanalysis AT drmagdalenagostkowskadrzewicka nonfinancialinformationreportingofpolishfamilyandnonfamilycompaniesacomparativeanalysis |