An Assessment of Mandatory Disclosure in the Annual Reports of Serbian Listed Companies

Dejan Spasić; Ksenija Denčić Mihajlov

doi:10.7250/eb.2014.026

An Assessment of Mandatory Disclosure in the Annual Reports of Serbian Listed Companies

Authors

Dejan Spasić Faculty of Economics, University of Niš
Ksenija Denčić Mihajlov Faculty of Economics, University of Niš

DOI:

https://doi.org/10.7250/eb.2014.026

Keywords:

Financial reporting, disclosure index, transparency, Serbian stock exchange.

Abstract

This paper investigates Serbian financial reporting regulation and the level of its harmonization with EU regulatory framework, as well as the disclosure practices of listed companies in Serbia. More precisely, we examine to what extent companies listed on the Belgrade Stock Exchange comply with the disclosure requirements of IFRS/IAS for the financial year ending in 2012. In order to assess the extent of the disclosure quality we develop the Serbian disclosure index.

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