Analysis of the Stakeholders' Needs and Their Inference Upon Financial Reports of SMEs

Journal of International Business and Economics, 2009

14 Pages Posted: 15 Apr 2009 Last revised: 4 Feb 2014

See all articles by Adela Deaconu

Adela Deaconu

Babes-Bolyal University - Faculty of Economics and Business Administration

Nistor Cristina Silvia

Babes-Bolyai University - Faculty of Economics and Business Administration

Irimie Popa

Babes-Bolyai University

Date Written: April 15, 2009

Abstract

In the context of the international trend to simplify the SMEs’ financial reporting, one may identify a stringent call for the identification and serious analysis of the SMEs’ specific stakeholders and their needs. It appears that these needs are not sufficiently developed at present so that they can play a useful part in the accounting regulators current actions. Hence, the main objective of this paper is to identify the specific needs of SMEs’ stakeholders. In order to achieve this we conducted a content analysis and a processing based on economic analysis methods of the comment letters to ED-IFRS for SMEs. The results of the analysis, in correlation with the stakeholder’s theory - the normative approach - and resource dependence theory were then used for identifying and ranking SMEs’ specific users. Finally, knowing the SMEs’ specific stakeholders and their needs has led to the analysis of their inference upon financial reports. This inference was then differentiated into elements of the conceptual framework, recognition and measurement criteria and respectively the information to be disclosed.

Keywords: ED-IFRS for SMEs, comment letters, SMEs’ stakeholders’ salience, SMEs’ stakeholders’ needs

JEL Classification: M41, M47, M16, O52, F00

Suggested Citation

Deaconu, Adela and Cristina Silvia, Nistor and Popa, Irimie, Analysis of the Stakeholders' Needs and Their Inference Upon Financial Reports of SMEs (April 15, 2009). Journal of International Business and Economics, 2009, Available at SSRN: https://ssrn.com/abstract=1383077

Adela Deaconu (Contact Author)

Babes-Bolyal University - Faculty of Economics and Business Administration ( email )

Str Teodor Mihali, Nr.58-60
Cluj-Napoca, RO- 400591
Romania

Nistor Cristina Silvia

Babes-Bolyai University - Faculty of Economics and Business Administration ( email )

Str Teodor Mihali, Nr.58-60
Cluj-Napoca, RO- 400591
Romania

Irimie Popa

Babes-Bolyai University

58-60 Teodor Maniu street, Cluj-Napoca
67 Iuliu Maniu street, Sighetu Marmatiei
RO-3400 Cluj-Napoca, Cluj 435500
Romania

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