Naslov
DOCTORAL DISSERTATION SUMMARY: Harmonization of sustainability reporting system in the hotel industry

Autori
Halmi, Lahorka

Izvornik
Tourism and hospitality management (1330-7533) 26 (2020), 2; 463-467

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, sažetak doktorske disertacije, ostalo

Ključne riječi
sustainability reporting ; sustainability accounting ; hotel industry

Sažetak
Purpose Sustainability reporting is becoming an increasingly prevalent form of both reporting of and a sophisticated way of suggesting a business entity’s sustainable approach to generating profit. Although being relatively a new form of reporting, sustainability reporting has become somewhat prestigious form of communicating with stakeholders. In certain cases, sustainability reporting has become a necessity by law, yet it is not a widely practised form of reporting. Such cases are becoming even more widespread worldwide, with perhaps the Directive 2014/95/EU by the European Commission of the European Union (EU) most widely known. By the Directive effective from 2014, all entities in the EU starting on 1st January 2017 are to report on non-financial information, such as environmental, social and employee matters, as well as respect for human rights, anti-corruption, bribery matters, and other topics related to the impact an entity generates in its natural, social and economic environment. As a member state, Croatia has incorporated provisions of the Directive into its national Accounting Act, thus requiring all entities with more than the average number of 500 employees on their balance sheet data, a criterion stated in the Directive 2014/95/EU, to report on non-financial information, while it is encouraged that other entities should welcome and abide by this Directive as well. This requirement means that business entities should be prepared to disclose non-financial information on a timely basis of their own choice, but to do it regularly, just as it is being reported on financial matters in highly sophisticated and widely familiar financial statements. This requirement which was defined by the Directive and triggered the research questions of this thesis, aims to understand the level of readiness of business entities to meet this requirement. The literature review suggests that the application of sustainability principles in the internal processes impacts the quality of information disclosed in (external) sustainability reports. This leads to a research question concerning the methods used by business entities, i.e. practices that are the results of application of certain accounting methods (de facto harmonisation), as opposed to de jure accounting harmonisation, e.g. accounting methods set by law and/or accountancy profession. The purpose of this research is to examine the state of sustainability reporting in the hotel industry from the point of the de facto accounting harmonisation, thus assessing the level of preparedness of hotel business entities to comply with the law requirement defined by the Directive.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA