Staff-related disclosures as an element of social policies on the model of Bulgarian black sea hotels


Daniela Ventsislavova Georgieva

International business school – Botevgrad, Bulgaria

Teodora Marinova Georgieva

International business school – Botevgrad, Bulgaria



The main aim of the study is to analyse published information on staff-related social policies on the websites and in the annual financial statements of enterprises that manage hotels and provide hotel services in the territory of Varna and Burgas Black Sea regions in Bulgaria. In addition, analysed are some factors that impact disclosures in the financial statements of enterprises. The adopted research methods are the logical, deductive and comparative methods, as well as the methods of analysis and synthesis. To verify the author’s hypotheses the IBM – SPSS Statistics software, ver. 19 has been used. The main results of the study show that the analysed hotel enterprises disclose scarce or no information on staff-related data and social policies on their websites or in their financial statements. Disclosures mainly focus on compliance with legal requirements and they are most significantly influenced by available audit control and selected accounting basis. This could lead to asymmetry in the data, lowering the prestige of the organisation, problems with recruitment of qualified staff and unjustified economic decisions by data users.


Disclosures, Social Policy, Staff, Hotel Enterprises, Factors, Financial Statements, Websites

JEL Classification

M140, M480, M490

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