The Impact of Economic Factors on Companies' Non - Quantitative Information Reporting

Abstract

The purpose of this research is to examine whether specific economic factors-such as revenue, number of employees, net results for the period, total assets, total equity, growth rate, return on equity, revenue per employee, and revenue-to-equity ratio-influence the provision of non quantitative information, as required by Greek legislation. This study examines the extent to which a sample of 81 companies in the agricultural supplies sector in Greece, over the period 2019–2023, complies with the requirements of Greek legislation, primarily Laws 4548/2018, 4308/2014 and Circular 62784/2017, regarding the non-quantitative information reporting on the entity's performance, business risk management, environmental and labor issues. Finally, this study investigates whether the pre-mentioned economic factors influence the reporting of non-quantitative information. The final statistical model demonstrates high explanatory power, with an R² of 0.743. The three independent variables of the final statistical model, which are the number of employees, the turnover per employee, and the turnover to total assets, are positively related to the dependent variable of the non-quantitative information quality. Among these, the turnover-to total assets ratio exhibits the strongest explanatory significance. This study contributes to the literature by providing sector-specific empirical evidence on quality within a mandatory national reporting framework.
JEL Classifications: M41, M14, M42, M48, Q56.
Keywords: Non - Quantitative Information, Regulatory Compliance, Management Report, ESG Reporting.