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

Soras Evangelos (1), Kollias Konstantinos (2), Christopoulos Apostolos (3)

Abstract
The purpose of this research is to examine whether specific economic factors—such as turnover, number of employees, net results for the period, total assets, total equity, growth rate, return on equity, turnover per employee, and turnover-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 85 companies in the agricultural supplies sector in Greece, over the period 2019–2023, complies with the requirements of Greek legislation, primarily Laws 4548/2028, 4309/2024, 4336/2015 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 reporting. Among these, the turnover-to-total-assets ratio exhibits the strongest explanatory significance.

JEL Classifications: M41, M14, M42, M48, Q56.

Keywords: Audit, Compliance, Greek Legislation, Corporate Reporting, Non-Quantitative Information.

(1) Corresponding author. Department of Business Administration. University of the Aegean. Email: soras@managementsupport.gr
(2) Department of Economics. Democritus University
(3) Department of Business Administration. University of the Aegean