Gorgieva-Trajkovska, Olivera and Koleva, Blagica and Dimitrova, Janka and Nikoloski, Krume and Georgieva Svrtinov, Vesna (2016) Informative Perspective Of Financial Disclosure And Its Importance For Capital Market Efficiency. Proceedings of International Academic Conference on Management, Economics, Business and Marketing-MEBM in Budapest 2016. ISSN 978-80-906231-4-9 Czech Technical
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Abstract
The impact of various factors on the formation of organizational structure of accounting system exists, as the accounting
structure under the influence of environmental factors show atypical behavior.It can be concluded that these factors primarily
affect the accounting measurement and disclosure practices, which is reflected in the preparation and evaluation of positions in
financial statements of business entities.In this context, the relationship between the capital markets and accounting system of
values regulates the amount of information disclosure.
Besides the disharmonization of accounting practices in different national economies, existing of asymmetric information is
inevitable factor which determines the level of disclosure and transparency of information, i.e. responsibility of businesses in
preparation and presentations of financial statements.
This paper also describes the variety of financing sources available to both individual consumers and businesses, and the
considerations that lead a consumer or a business to choose a specific financing source. A robust, efficient, and diverse financial
system facilitates economic growth. Research has shown that the level of financial development is a strong predictor of economic
growth. It then discusses how this variety of financing sources provides benefits to the economy and how they affect the practice
of financial reporting.
Keywords:information, disclosure, capital, market, financial
| Item Type: | Article |
|---|---|
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Economics |
| Depositing User: | Olivera Trajkovska |
| Date Deposited: | 05 Dec 2016 09:26 |
| Last Modified: | 05 Dec 2016 09:26 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/16753 |
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