POSLOVNA IZVRSNOST ZAGREB, GOD. IV (2010) BR. 2
RogoπiÊ A., GrubiπiÊ D., BiliÊ I.: Voluntary disclosure of accounting...
VOLUNTARY DISCLOSURE OF ACCOUNTING AND MANAGEMENT INFORMATION ISO 9001 CERTIFIED COMPANIES Andrijana Rogošić 1, Dragana Grubišić 2& Ivana Bilić 3 UDK/UDC: 006.83:657.375 JEL classification / JEL klasifikacija: L15 Original scientific paper / Izvorni znanstveni rad Received / Primljeno: April 22, 2010 / 22. travnja 2010. Accepted for publishing / Prihvaćeno za tisak: June 15, 2010 / 15. lipnja 2010.
Summary The advent of the Internet has changed the ways companies communicate and has made accounting and management information available to all stakeholders. The aim of this paper was to determine in what way quality management through the implementation of the ISO 9001: 2000 standard affected the web-based financial statement disclosure in comparison with the companies without ISO certification. It was found that ISO 9001 certified companies companies paid more attention to their corporate communication and invested more effort in the presentation of accounting information on the Internet than companies without that quality certificate. This study also investigated the availability of easy access to financial statements through hyperlinks in companies with and without ISO 9001 assuming that quality-oriented companies made their accounting information easily accessible. The research, carried out on the sample of 50 Croatian companies with the highest value added, revealed that ISO 9001 certified companies disclose specific management information like ownership structure, ethical code, audit report, Supervisory Board report and Annual General Meeting report on the Internet more often than companies that do not hold the ISO 9001 certificate. Key words: quality management, accounting information, corporate communication, Internet.
1
2 3
Andrijana Rogošić, M.Sc., Assistant, Faculty of Economics, University of Split, E-mail: andrijana.rogosic@ efst.hr Dragana Grubišić, Ph.D, Full Professor, Faculty of Economics, University of Split Ivana Bilić, M.Sc., Assistant, Faculty of Economics, University of Split
25