How does the EU non‐financial directive affect the assurance market?

García‐Sánchez, Isabel‐María; García, Laura Sierra; Benau, María Antonia García

doi:10.1111/beer.12428

Cited by 15 publications

(11 citation statements)

References 104 publications

(187 reference statements)

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“…The Directive2014 variable takes a value of 1 for those companies whose parent company was located in an EU country during the 2014–2020 period, taking a value of 0 otherwise (García‐Sánchez, Sierra‐García, & García‐Benau, 2022). The consideration of the effect of Directive 2014/95/EU from the year of approval is a consequence of the fact that, although this regulation allows 2 years for its transposition to the regulations of any country, many companies adopted it from the moment of its approval (Carini et al, 2018; Fiechter et al, 2022).…”

Section: Methodsmentioning

confidence: 99%

“…To correct potential biases, based on prior literature (García‐Sánchez, Sierra‐García, & García‐Benau, 2022; Marín‐Hernández & Ortiz‐Martínez, 2019; Vitolla et al, 2023) several control variables were introduced representing business capabilities and resources and the effectiveness of the internal corporate governance mechanisms associated with the board of directors; in addition to the effects of time (Year), country (Country) and sector (Industry).…”

Section: Methodsmentioning

confidence: 99%

“…Thus, the coercive pressures derived from the growing regulation on the disclosure of non‐financial information have promoted, directly or indirectly, corporate transparency in this area (Tran & Beddewela, 2020). Therefore, this EU regulatory framework is expected to result in coercive pressures on companies (Korca et al, 2021) that positively affect both the quantity and the quality of the information on sustainability disclosed (García‐Sánchez, Sierra‐García, & García‐Benau, 2022; Mio et al, 2021).…”

Section: Theoretical Framework Literature Review and Research Questionsmentioning

confidence: 99%

“…The EGD and related regulatory framework represent an opportunity to expand existing knowledge regarding the effects of regulating the disclosure of sustainability information (Ortiz‐Martínez & Marín‐Hernández, 2022). In this sense, in recent years researchers have shown considerable interest in analysing the impact of the new EU regulations, although most studies have focused on Directive 2014/95/EU (García‐Sánchez, Sierra‐García, & García‐Benau, 2022). With these premises, and based on the postulates of institutional theory, this paper aims to analyse the effect of the EU regulatory framework on the environmental information disclosed by companies.…”

Section: Introductionmentioning

confidence: 99%

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How does the European Green Deal affect the disclosure of environmental information?

García‐Sánchez

Martínez

Marín‐Hernández

et al. 2023

Corp Soc Responsibility Env

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The European Union has made the fight against climate change and the achievement of a sustainable economy political priorities. To promote the ecological transition of companies and corporate transparency, a broad regulatory framework has been developed. This paper analyses the effect of institutional pressures derived from this regulatory framework on the environmental information disclosed by 832 multinationals in the period 2011–2020. The results reveal a positive global effect, although, at an individual level, this effect is only maintained for the regulations and recommendations related to non‐financial information and the European Green Deal. Furthermore, the impact differs depending on the category of environmental information disclosed.

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Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Section: Theoretical Framework Literature Review and Research Questionsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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How does the European Green Deal affect the disclosure of environmental information?

García‐Sánchez

Martínez

Marín‐Hernández

et al. 2023

Corp Soc Responsibility Env

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show abstract

“…Institutional pressures were identified in the company's country of origin and were associated with the Environmental Regulatory Regime Index ( ERRI ), an indicator that measures the main aspects of environmental regulation; and EU , a dummy that identifies the non‐financial information requirements in the European Union. It was constructed according to García‐Sánchez, Sierra‐García, and García‐Benau (2022).…”

Section: Methodsmentioning

confidence: 99%

Is there a complementary or a substitutive relationship between climate governance and analyst coverage? Its effect on climate disclosure

2022

Self Cite

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Knowledge of the initiatives that companies are promoting to curb climate change and the impacts resulting from these activities require the disclosure of relevant information that can be used by stakeholders in their decision‐making processes. The objective of this work is to complement previous studies by analysing the effect and type of relationship that exists between internal and market corporate governance mechanisms. We theoretically argue that business transparency related to climate change is explained both by climate governance and by the coverage of the company by financial analysts and that there may be both a complementary and substitutive relationship between the two mechanisms. The results obtained on a global climate governance score show the existence of a substitutive relationship, but the individualised consideration of the components of this score suggests a potential divergent relationship.

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Business response to mandatory corporate social responsibility with evidence from India

Kulkarni,

Aggarwal

2023

Bus Strat Dev

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There has been a lot of discussion on the shift from voluntary to mandatory corporate social responsibility (CSR) and its impacts in different countries across the globe. India is unique in this context as the reporting and expenditure of a certain amount under CSR has been mandated for companies. This article analyzes the changes and responses of Indian businesses post‐2014, when new CSR rules were enacted. The key objectives of this study are to assess the level of awareness and compliance, thematic and geographical focus areas for CSR projects, and drivers and barriers to the adoption of mandatory CSR. We performed a secondary analysis of the data from 60 companies, followed by extensive primary research through in‐person interviews and offline questionnaire responses with 100 key CSR professionals from different companies in India. A key finding from the study is that the awareness of CSR policy and the pool of CSR funds has increased. The policy mandates have been a good driver in improving transparency and reporting quality. However, there is a predominant focus on four thematic areas of education, healthcare, hunger, and poverty alleviation despite the government's efforts to expand in other areas. The geographical spread of expenditure is limited to a few key industrial states in India, limiting CSR's contribution towards national development. The study adds to the CSR literature associated with institutional and stakeholder theories by looking at the response of legally bound organizations toward society and the environment. Finally, the study provides valuable information for governments and regulatory authorities considering the mandatory implementation of CSR expenditure across the globe.

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How does the EU non‐financial directive affect the assurance market?

Cited by 15 publications

References 104 publications

How does the European Green Deal affect the disclosure of environmental information?

How does the European Green Deal affect the disclosure of environmental information?

Is there a complementary or a substitutive relationship between climate governance and analyst coverage? Its effect on climate disclosure

Business response to mandatory corporate social responsibility with evidence from India

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