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VOLUNTARY DISCLOSURE OF CASH FLOWS INFORMATION AND COMPANY'S CHARACTERISTICS: EVIDENCE FROM THE CROATIAN CAPITAL MARKET

Željana Aljinović Barać   ORCID icon orcid.org/0000-0002-8090-4186 ; Faculty of Economics, University of Split, Split, Croatia

Puni tekst: engleski, pdf (108 KB) str. 192-202 preuzimanja: 1.254* citiraj
APA 6th Edition
Aljinović Barać, Ž. (2012). VOLUNTARY DISCLOSURE OF CASH FLOWS INFORMATION AND COMPANY'S CHARACTERISTICS: EVIDENCE FROM THE CROATIAN CAPITAL MARKET. Croatian Operational Research Review, 3 (1), 192-202. Preuzeto s https://hrcak.srce.hr/96816
MLA 8th Edition
Aljinović Barać, Željana. "VOLUNTARY DISCLOSURE OF CASH FLOWS INFORMATION AND COMPANY'S CHARACTERISTICS: EVIDENCE FROM THE CROATIAN CAPITAL MARKET." Croatian Operational Research Review, vol. 3, br. 1, 2012, str. 192-202. https://hrcak.srce.hr/96816. Citirano 17.06.2019.
Chicago 17th Edition
Aljinović Barać, Željana. "VOLUNTARY DISCLOSURE OF CASH FLOWS INFORMATION AND COMPANY'S CHARACTERISTICS: EVIDENCE FROM THE CROATIAN CAPITAL MARKET." Croatian Operational Research Review 3, br. 1 (2012): 192-202. https://hrcak.srce.hr/96816
Harvard
Aljinović Barać, Ž. (2012). 'VOLUNTARY DISCLOSURE OF CASH FLOWS INFORMATION AND COMPANY'S CHARACTERISTICS: EVIDENCE FROM THE CROATIAN CAPITAL MARKET', Croatian Operational Research Review, 3(1), str. 192-202. Preuzeto s: https://hrcak.srce.hr/96816 (Datum pristupa: 17.06.2019.)
Vancouver
Aljinović Barać Ž. VOLUNTARY DISCLOSURE OF CASH FLOWS INFORMATION AND COMPANY'S CHARACTERISTICS: EVIDENCE FROM THE CROATIAN CAPITAL MARKET. Croatian Operational Research Review [Internet]. 2012 [pristupljeno 17.06.2019.];3(1):192-202. Dostupno na: https://hrcak.srce.hr/96816
IEEE
Ž. Aljinović Barać, "VOLUNTARY DISCLOSURE OF CASH FLOWS INFORMATION AND COMPANY'S CHARACTERISTICS: EVIDENCE FROM THE CROATIAN CAPITAL MARKET", Croatian Operational Research Review, vol.3, br. 1, str. 192-202, 2012. [Online]. Dostupno na: https://hrcak.srce.hr/96816. [Citirano: 17.06.2019.]

Sažetak
This paper focuses on the voluntary disclosure of cash flows information of Croatian large companies whose shares are listed on the Zagreb Stock Exchange, with the aim to identify characteristics of
companies that provide extensive disclosures. In order to conduct the research and test the likelihood that company publicly announces wealth of information about cash flows, three groups of company’s
features are defined as variables: accounting data, capital market information and company’s qualitative characteristics. Verification of empirical evidence was provided through the sample of Croatian listed companies using logistic regression analysis. Obtained results indicate that despite the desire of the regulatory authorities that capital market investors receive all relevant information, companies voluntarily disclose information about cash flows very rarely. Those companies are young (i.e. their shares are listed on an organized securities market for a short time) and profitable, with growing net income and growing cash flow from operating activities and usually use indirect method for operating cash flow report. The provision of features of Croatian companies that voluntary disclose cash flow information can be found as contribution of our research, because this topic in a cases of macro-oriented accounting system economies, i.e. bank oriented economies with emerging capital market is still unexplored.

Ključne riječi
voluntary disclosure; financial reporting; cash flows; company’s characteristics; Croatia

Hrčak ID: 96816

URI
https://hrcak.srce.hr/96816

Posjeta: 1.449 *