Lina Dagilienė

The Influence of Corporate Social Reporting to Company's Value in a Developing Economy☆

Abstract The article examines the influence of corporate responsibility (CR) reporting to listed companys value. Society encourages companies to be socially responsible and to communicate these results to stakeholders. However, companys focus on social disclosure means additional costs. Content analysis is implemented to evaluate CR reporting. Companies are ranked according to CR reporting results, and comparative analysis with valuation indicators is carried out. Companies with high CR reporting level, have no higher accounting based and market based valuation indicators. The results show that companies with a market value and book value showing the highest rates are far from socially accountable.

Sustainability reporting in the higher education sector – Case study of Lithuania

The subject of sustainability reporting in higher education is relevant in multiple areas: employment, education, organisational change, responsibility. However, there is a lack of such research in emerging markets, as sustainability reporting is typically voluntary and funding is constrained in these countries. This paper presents research on sustainability reporting in Lithuanian higher education institutions (eleven universities, six higher university schools, and 23 colleges). The research methodology employed utilised analysis of disclosure sources and Global Reporting Initiative (GRI) indicators analysis. Research results showed that higher education institutions disclose sustainability information mainly for promotional and marketing reasons, targeted at the main stakeholder - current and future students. It was found that sustainability information is usually integrated in websites and performance reports; only one institution issues a separate sustainability report. Thus, sustainability reporting is not utilised as a separate theme within a communication strategy, and the opportunity of disclosing the social responsibility of higher education institutions in Lithuania is currently not exercised.

Sustainability Reporting in Central and Eastern European Companies: Results of an International and Empirical Study

Reporting on corporate social, environmental and economic responsibility has broadened widely within the last decade. The European Union is the most active region in the world in terms of sustainability reporting, largely on a voluntary basis. Most of the empirical research related to sustainability reporting in Europe has been conducted in Western European countries. In Central and Eastern Europe, only a small number of studies have focused on sustainability reporting. Little, however, is known whether how and why companies in CEE report about their corporate sustainable activities. The aim of the research project is to describe the status quo of SR in CEE, to explain some noteworthy differences between the two subsamples CEE and WE and to predict the future development of SR in the CEE region. To address this research issue, we have established a research consortium with researchers from ten Central and Eastern European Countries: Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia. Two Western European countries, Germany and Austria, have been added to the sample to enable a regional comparison.

Measurement of Social Innovation at Organisation’s Level: Theoretical Issues

Abstract The paper presents theoretical issues of social innovation measurement due to its multidimensional context. The purpose of this paper is to review the theoretical background on the topic of social innovation concept and TBL approach and to propose the conceptual model for measuring the value of social innovation at an organisation’s level. The proposed measurement process for social innovation consists of four stages, which cover selection and implementation of the social innovation, identification of the scope of the social innovation, measurement and calculation of the consolidated index. Indicators for measurement value of social innovation are applied using the TBL approach. The conceptual model could be applied as a methodology for measuring value of social innovation.

Sustainability Reporting in Lithuania: The Perspective of Integrated Reporting

The newest tendencies in the European Union underline the trend toward the regulation of nonfinancial reporting of the largest companies and groups by adopting Directive 2014/95/EU on the mandatory disclosure of nonfinancial and diversity information. Integrated reporting may offer a promising new way of discovering new opportunities of nonfinancial reporting for companies. The move toward integrated reporting has already triggered research in various dimensions, although most published research presents normative arguments, and there is little research examining integrated reporting practices. As institutional regulation will enter into force from January 2017, this study aims to investigate the current state of nonfinancial reporting of listed Lithuanian companies according to the integrated reporting framework. Research results show that companies already include nonfinancial information in their annual reports in different sectors. During the economic crisis (2008–2009) integrated capital information accounted for an average of 20.47% of corporate annual reports, while in the postcrisis period (2013–2014), it constituted an average of 16.08%. Financial capital and human capital are the most prevalent types of disclosed capital. Overall, disclosure levels of capital, except for natural capital, are quite similar in both periods. This research contributes to the existing literature by providing empirical evidence of integrated reporting in Lithuania by providing insights upon which future research and practices can be built.