Received: 2019-05-15  |  Accepted: 2019-09-27  |  Published: 2019-12-15

Title

Organizational and methodological support of corporate self-assessment procedure as a basis for sustainable business development


Abstract

Complicated, diverse, multidirectional institutional processes, taking place around the world, have led to the fact, that in modern conditions the priority direction for disclosing of information about the reporting entity activities to its stakeholders is corporate integrated reporting. It is increasingly acting as a new effective management tool that provides the necessary information connectivity and completeness of disclosure of information on sustainable business development. The article is devoted to one of the effective methods used in the preparation of integrated corporate reporting: internal self-assessment of the organization. The authors substantiate the need for internal self-assessment in order to prepare integrated corporate reporting; made proposals for the development of methods of the organization self-assessment; formed several proposals to improve the organizational and methodological support of the procedure of its implementation; disclosed the main content of the stages of internal self-assessment of the organization. The peculiarity of the proposed methodological solution is the focus on in-depth analysis of the existing business model, the assessment of the contribution of all types of capitals to the result of the organization, taking into account the features of the internal and external environment and industry specifics. The practical application of the proposed methodology as one of the tools of corporate governance allows to increase the level of standardization of integrated reporting and to ensure optimal management of financial and non-financial information flows.


Keywords

integrated corporate reporting, self-assessment, capital, information, stakeholders


JEL classifications

M21 , M40 , G32


URI

http://jssidoi.org/jesi/article/427


DOI


Pages

1136-1148


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Prodanova, Natalia A.
Plekhanov Russian University of Economics, Moscow, Russian Federation http://www.rea.ru
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Savina, Natalia V.
Financial University under the Government of the Russian Federation, Moscow, Russian Federation http://www.fa.ru
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Kevorkova, Zhanna
Financial University under the Government of the Russian Federation, Moscow, Russian Federation http://www.fa.ru
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Korshunova, Lyudmila N.
Moscow Witte University, Tula, Russian Federation http://www.muiv.ru
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Bochkareva, Nadezhda
Financial University under the Government of the Russian Federation, Moscow, Russian Federation http://www.fa.ru
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Journal title

Entrepreneurship and Sustainability Issues

Volume

7


Number

2


Issue date

December 2019


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 1049  |  PDF downloads: 836

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