ROLE OF FINANCIAL INFORMATION IN DEVELOPMENT OF EXPANSION AND REFURBISHMENT PROJECTS. A STAKEHOLDERS ANALYSIS CASE

Adriana Florina Popa, Mihaela Diana Oancea- Negescu and Maria Loredana Popescu

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2012, vol. 6, issue 1, 704-713

Abstract: The XXIst century is intended to be the century of information obtained in due time for the adoption of most suitable economic decisions. Nowadays, strategic and operational strategies impose a continuous dialogue with interested parties, also called stakeholders, as users of financial information. Reporting achieved results is a key ingredient in continuously building, sustaining and improving the interested partners' participation. The option for such a research paper came from the desire to help the users of financial accounting information. In order to achieve this objective, we applied the analysis of stakeholders in terms of an investment project that will have a strong impact on the corporate development and on its relations with stakeholders in the same time. The purpose of this paper is to prove that the Stakeholder Management Model could be successfully adapted to a public held company. Therefore, our study starts by defining the concept of stakeholders and continues with an application of the concept in case of a public held Romanian company, while underpinning their contribution to the business’s development projects. Not at least, the role of financial communication is underpinned based on the belief that an efficient communication is essential inside the company – stakeholders relationship.

Keywords: financial information; Stakeholder Management Model; expansion projects; refurbishment projects; forecasted investment plan. (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:6:y:2012:i:1:p:704-713

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