Browsing by Subject "Informe de gestión"

Now showing 1 - 3 of 3
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    ¿Es neutral la información sobre resultados?
    (2016) Suárez Fernández, Óscar
    Los estados financieros numéricos, para su adecuada interpretación, necesitan ser enmarcados en un contexto de referencia, datos facilitados por la empresa en su información narrativa. El objetivo del presente trabajo es el estudio de la neutralidad de la información contenida en el informe de gestión, cualidad fundamental para que la información divulgada por las empresas sea fiable y, por lo tanto, de calidad. Para ello analizamos el empleo de diversas estrategias de manipulación de la información narrativa durante el período 2007-2009 en una muestra de empresas españolas cotizadas. Los resultados alcanzados respaldan la hipótesis de que la información narrativa está orientada hacia las relaciones públicas, siendo utilizada para tratar de construir y proyectar una determinada imagen. Así, cuando las empresas sufren un deterioro en su desempeño financiero, son poco objetivas en la descripción de dicho desempeño: elaboran una información de difícil lectura, no emplean un tono pesimista y no divulgan más noticias malas que buenas. Además, en estas empresas se tiende a atribuir la responsabilidad de las malas noticias a factores externos a las mismas.
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    Open Access
    Non-financial reporting in Spain. The effects of the adoption of the 2014 EU Directive
    (Universidad de Murcia, Servicio de Publicaciones, 2022) García-Benau, María-Antonia; Bollas-Araya, Helena-María; Sierra-García, Laura
    The Directive 2014/95/EU imposes new requirements regarding the disclosure of non-financial information (NFI). The aim of this paper is to analyse the NFI disclosed by Spanish listed companies. This is a pioneering study in Spain, since it was conducted during the first year in which NFI disclosure was mandatory, according to the requirements of the Spanish adaptation of Directive. We determine whether decisions on NFI reporting adopted in this respect (i.e. to do so within the management report or as a separate sustainability report) depend on the company’s characteristics. In addition, we consider whether the content of such reports differs significantly. Findings show that some Spanish companies do not disclose mandatory NFI. Larger and more profitable companies, which belong to specific sectors and have a sustainability committee, are more likely to disclose this information in a sustainability report. The contents of management and sustainability reports present significant differences.
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    Open Access
    Readabilty in management reports: extension and good governance practices
    (Universidad de Murcia, Servicio de Publicaciones, 2021) Melón-Izco, Álvaro; Ruiz-Cabestre, Francisco J.; Ruiz-Olalla, Carmen
    This study expands our knowledge about the readability of accounting narratives, their extension and companies compliance with good governance practices. It also covers a gap in the analysis of the readability of narrative information written in Spanish. We examined the readability in Management Reports of Spanish companies listed on the Continuous Market of the Madrid Stock Exchange during the period 20102016. The results reveal that the most extensive management reports that is, those with the greatest quantities of text are the least readable and that the use of visual elements in reports helps to improve their readability. Moreover, companies that follow good governance practices issue complex information with clarity, speed, and simplicity, which improves the readability of accounting narratives