The article examines the relationship between financial reporting and corporate governance and its impact on corporate performance, highlighting the fundamental effects that have a significant impact on the functioning of modern companies. The research aims to explore how different stakeholders, such as shareholders, creditors and regulators, influence the quality of financial reporting and the evolution of corporate governance. The paper highlights the importance of the fact that the often divergent interests of managers and owners can generate agency costs, the extent of which owners seek to minimise by demanding reliable and timely financial information from management. In addition, the research also addresses the role of creditors, who also contribute to ensuring greater transparency for companies, as they require detailed financial statements when competing for finance. This situation also has a significant impact on corporate governance practices, as in many cases lenders want to control the financial decisions of companies and therefore require regular financial and management information. The article also highlights the growing role of CSR (corporate social responsibility) and ESG (environmental, social and governance) expectations in the evolution of financial reporting as companies respond to social, environmental and ethical expectations. These expectations impact not only on companies’ reputations but also on their long-term financial performance, as investors and other stakeholders increasingly look for responsible companies that transparently communicate their long-term management objectives. Ultimately, the article also highlights the need for companies to not only comply with legal obligations through the development of their financial reporting, but also to consider the needs and expectations of various stakeholders, thereby contributing to the increasing level of corporate responsibility in the modern business environment.
XIII. ÉVFOLYAM 2025. SPECIAL ISSUES 3. 18-24
DOI: 10.24387/CI.SI.2025.3.3
A cikk megtekinthető:
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