Kátia Lemos – Research Center on Accounting and Taxation, Polytechnic Institute of Cávado and Ave, Portugal

Sónia Monteiro – Research Center on Accounting and Taxation, Polytechnic Institute of Cávado and Ave, Portugal

Romeu Marques – Polytechnic Institute of Cávado and Ave, Portugal

Keywords:                     Decret-Law nº 89/2017;
Non-financial information;
Mandatory reporting;
Voluntary disclosure;
Sustainability report

DOI: https://doi.org/10.31410/ERAZ.S.P.2023.93

 Abstract: This paper aims to analyze the degree of disclosure of non-finan­cial information (mandatory vs. voluntary) provided by large Portuguese companies and to identify its determinant factors. A content analysis was conducted on a total of 41 corporate reports published in 2020 by listed and unlisted companies with more than 500 employees. A multiple linear regres­sion model was developed, with a non-financial disclosure index as the de­pendent variable and visible characteristics of the companies and report-re­lated characteristics as independent variables.

The results indicate that there are statistically significant differences in the lev­el of non-financial information disclosure between listed and unlisted com­panies. Multiple linear regression model results showed that the variables of profitability and the use of the Global Reporting Initiative framework are sta­tistically significant at a significance level of 5%, while the variable of the ex­tent of the report is statistically significant at a significance level of 10%.

9th International Scientific ERAZ Conference – ERAZ 2023 – Selected Papers: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, hybrid – online, virtually and in person, Prague, Czech Republic, June 1, 2023

ERAZ Selected Papers published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Logistics, University of Maribor, Maribor (Slovenia); University of National and World Economy – UNWE, Sofia (Bulgaria); Center for Political Research and Documentation (KEPET), Research Laboratory of the Department of Political Science of University of Crete (Greece); Institute of Public Finance – Zagreb (Croatia); Faculty of Tourism and Hospitality Ohrid, University of St. Kliment Ohridski from Bitola (North Macedonia)

ERAZ Conference 2023 Selected Papers: ISBN 978-86-80194-73-8, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.S.P.2023

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

Suggested citation

Lemos, K., Monteiro, S., & Marques, R. (2023). Non-financial Disclosure of Large Portuguese Companies and Its Determinant Factors. In V. Bevanda (Ed.), ERAZ Conference – Knowlegde Based Sustainable Development: Vol 9. Selected Papers (pp. 93-102). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/ERAZ.S.P.2023.93


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