Abstract
Research background: The implications of globalisation for social policy have been highly debated at the specialised literature. Social policies as an element of corporate responsibility reports (CSR) is neglected compared to environmental information. This can have a negative effect on the sustainability and development of industries directly dependent on their staff. Such sector in Bulgaria is the tourism where at the national level, the main challenge is the adequate parallel development of human resources as they underlie tourist product construction and development. Purpose of the article: The main aim of the study is to analyse factors that impact on the disclosed staff-related social policies at the financial statements of hotel enterprises in the territory of Varna and Burgas Black Sea regions in Bulgaria. The factors under analyses are the size of the organisation, available external audit control, available foreign participation in the capital, applicable accounting standards, accounted result (profit or loss); enterprise category. Methods: The adopted research methods are logical, deductive and comparative methods, methods of analysis and synthesis. To verify the author hypotheses the IBM – SPSS Statistics software is used. Findings & Value added: The results of the study show that comparatively high percentage of the enterprises do not publish staff- related information. This could lead to harmful effects to globalisation based on asymmetry in the data, problems with recruitment of qualified staff, unjustified economic decisions by data users. From all factors, under review, the strongest calculated statistic relationship is between the external audit control and staff-related disclosures.
Highlights
The term globalisation can be analysed as the process of interaction and integration among people, companies and governments in many contexts, incl. social, economic, geographical, political, technological, financial, cultural, etc. in micro- and macroeconomic aspect
There is a group of companies applying National Accounting Standards (NAS), which are allowed to prepare a simplified format of financial statement
Organizations applying International Accounting Standards (IAS) should have explanatory notes to their financial statements, containing a statement of compliance, a summary of significant accounting policies, supporting information about the items presented in the financial statements, and other relevant data for understanding the annual financial statements
Summary
The term globalisation can be analysed as the process of interaction and integration among people, companies and governments in many contexts, incl. social, economic, geographical, political, technological, financial, cultural, etc. in micro- and macroeconomic aspect. The literature provides evidence of the impact of the globalisation to the social policy They are primarily related to employment effect through job creation and welfare, labour-saving effects of the new technologies brought about by multinational firms, mobility and convergence, human rights, coordination of national laws, policies and practices in the field, and so on [1, 2, 3]. In this aspect, globalisation is perceived as a prerequisite for the development of the entire world society by eliminating differences and borders. These disclosures are used by stakeholders (external and internal to enterprises) for sound economic decision-making
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