1. bookVolume 3 (2020): Issue 1 (August 2020)
Journal Details
License
Format
Journal
First Published
30 Sep 2018
Publication timeframe
1 time per year
Languages
English
access type Open Access

Information Value of the Segment Reporting in the Polish Energy Sector

Published Online: 10 Aug 2020
Page range: 394 - 406
Received: 01 Feb 2020
Accepted: 01 Mar 2020
Journal Details
License
Format
Journal
First Published
30 Sep 2018
Publication timeframe
1 time per year
Languages
English
Abstract

Conventional energy sources dominate in the Polish energy sector, which is a huge risk to meeting environmental protection requirements. Polish energy companies are facing challenges related to meeting the requirements of the European Union and the National Energy Policy. The paper attempts to answer the question whether the ongoing discussion on the future of the energy sector, dealing with such issues as development of renewable energy sources is reflected in the annual financial reports of companies listed on the Warsaw Stock Exchange and covered by the WIG_ENERGY index. This study contributes to the extant literature on financial disclosures in several ways. First, the examination of compliance of segment reporting of selected companies listed on the Polish stock exchange with International Reporting Standards (IFRS) was carried out (particularly IFRS 8 – Operating Segments). Second, the information value of disclosures for investors in the energy industry was assessed. The empirical part was preceded by a description of segment reporting principles in accordance with IFRS 8 and the summary of challenges facing the energy sector in Poland.

Keywords

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