Mandatory vs voluntary exercise on non-financial reporting: does a normative/coercive isomorphism facilitate an increase in quality?

Carungu, Jonida; Pietra, Roberto Di; Molinari, Matteo

doi:10.1108/medar-08-2019-0540

Cited by 67 publications

(105 citation statements)

References 67 publications

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“…On the contrary, Korca et al (2021) found a significant increase in the quantity but not in the quality of NFI. Other authors, instead, did not find a decisive influence of the Directive on disclosure levels (Carungu et al 2020;Nicolò et al 2020). Postimplementation analyses focused on subtopics of NFI, identifying a positive association between the quality of nonfinancial risk information and market value (Veltri et al 2020), showing that corporate governance and report characteristics affect environmental information (Caputo et al 2021), and revealing high heterogeneity in the quality of SDG reporting (Pizzi et al 2021).…”

Section: Literature Reviewmentioning

confidence: 92%

Assessing the Effects of Directive 2014/95/EU on Nonfinancial Information Reporting: Evidence from Italian and Spanish Listed Companies

Posadas

Tarquinio

2021

Administrative Sciences

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This paper explored the effects of new regulation on the disclosure of NFI in two European countries, Italy and Spain. The method used to develop the analysis is mainly qualitative. Content analysis was performed to verify the sustainability indicators disclosed by Italian and Spanish companies, listed on the FTSE MIB and IBEX 35 Indexes, before and after the Directive’s publication and implementation in national legislation. The level of NFI disclosure was scored using a disclosure index. The comparative analysis found a progressive reduction in disclosure levels for Italian companies compared with Spanish companies, for which an expansion of the disclosure was detected. Moreover, a reduced gap between the quantity of NFI reported in the two countries was found. This is one of the few studies to use a 3-year longitudinal analysis to investigate the EU Directive’s impact at the cross-country level.

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Section: Literature Reviewmentioning

confidence: 92%

Assessing the Effects of Directive 2014/95/EU on Nonfinancial Information Reporting: Evidence from Italian and Spanish Listed Companies

Posadas

Tarquinio

2021

Administrative Sciences

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“…The quality of non-financial reports (NFRs) is the focus of the paper by Jonida Carungu, Roberto Di Pietra and Matteo Molinari (Carungu et al , 2021), in a scenario where NFR became mandatory under the European Directive no. 2914/95/EU implemented in Italy.…”

Section: Framing the Papers Included In The Special Issue On New Challenges In Sustainability Reportingmentioning

confidence: 99%

Organisational and professional challenges amid the evolution of sustainability reporting: a theoretical framework and an agenda for future research

Lai

Stacchezzini

2021

MEDAR

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Purpose This paper aims to trace subsequent steps of the sustainability reporting evolution in terms of changes in the organisation fields and professional jurisdictions involved. As such, it highlights the (interrelated) organisational and professional challenges associated with the progressive incorporation of “sustainability” within corporate reporting. Design/methodology/approach The paper draws on Suddaby and Viale’s (2011) theorisation of how professionals reshape organisational fields to highlight how organisational spaces, actors, rules and professional capital evolve alongside the incorporation of sustainability within corporate reporting. Findings The paper shows organisational spaces, actors, rules and professional capital mobilised during the recent evolution of sustainability reporting, starting from a period in which there was no space for sustainability, to more recent periods in which sustainability gained increasing momentum beyond initial niches, and culminating in more integrated forms of sustainability reporting. Research limitations/implications Although the analysis is limited to empirical evidence collected by prior research and practice on sustainability reporting, the paper offers a view to imagine how the incorporation of sustainability within corporate reporting relies on and affects organisational fields and professional jurisdictions. Originality/value The paper offers a lens to interpret corporate and professional challenges associated with the more recent evolutions of sustainability reporting practice and standard setting. It also allows framing the papers accepted in the special issue on “new challenges in sustainability reporting” and concludes by suggesting an agenda for future research.

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“…Many investors, especially those more concerned about the economic effects of climate risks, share the view that climate risk reporting should be mandatory and standardized, as is currently the case with financial reporting . This view is shared by La Torre et al (2018), Lombard and Secundo, (2020), La Torre (2020), andCarungu et al (2020), who, respectively, point to the need to structure and digitize the non-financial information and to increase its reliability and comparability.…”

Section: Literature Reviewmentioning

confidence: 97%

“…Secondly, non-financial reports, though they constitute an essential tool in the process of legitimization of corporate social responsibility (Schuman, 1995;O' Donovan, 1999;Zyznarska-Dworczak, 2015), are not widely applied to disclose climate-related information (Giannarakis et al, 2018, Kouloukoui et al, 2018Wassim, 2019). Also, in many authors' opinions, the scope of information disclosed in the reports is insufficient to meet the stakeholders' expectations (Da Silva Gomes et al, 2017;Leurig and Dlugolecki, 2013;Leurig, 2011;Broder, 2010;Ben-Amar and McIlkenny, 2014). What is the situation in Poland?…”

Section: Introductionmentioning

confidence: 99%

Determination Climate-Related Information Reporting on the Example of Selected Polish Listed Companies

Czaja-Cieszyńska¹

2021

ERSJ

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Purpose: This article aims to assess the scope of climate-related non-financial information disclosed in reports published by selected Polish listed companies. To that end, a research hypothesis was formulated as follows: lack of mandatory regulations on notifying stakeholders of the climate-related impacts of a given enterprise limits the scope of the disclosures. Design/Methodology/Approach: The following research methods were applied in this study, literature review, analysis of legal regulations, in-depth analysis of secondary data in the form of non-financial reports. Also, induction and synthesis methods were applied in formulating the conclusions. For the empirical study, 10 top Polish listed companies (the biggest in terms of market capitalization, included in the WIG-20 index) were selected on a targeted basis. The study covered non-financial reports for 2019. The research consisted of two phases: in the 1st phase, descriptive information was evaluated, whereas the 2nd phase focused on analyzing disclosures of quantitative nature in the form of non-financial indicators. Findings: The analysis of the non-financial reports of the selected Polish companies confirmed that the scope of disclosed climate-related information was small, mainly since the disclosures were voluntary (positive verification of the hypothesis). Both the descriptive part of the disclosures and the one expressed in the form of indicators confirmed that the nonfinancial reports were not a sufficient tool for stakeholders to obtain information on the impact of the business operations on the climate. Practical Implications: The research study has confirmed the need to intensify legislative works to develop a catalog of required, structured, comparable, and reliable climate-related disclosures. Originality/Value: The article supplements the existing body of research related to nonfinancial reporting by identifying the research gap about climate-related disclosures in Poland after 2019.

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Mandatory vs voluntary exercise on non-financial reporting: does a normative/coercive isomorphism facilitate an increase in quality?

Cited by 67 publications

References 67 publications

Assessing the Effects of Directive 2014/95/EU on Nonfinancial Information Reporting: Evidence from Italian and Spanish Listed Companies

Assessing the Effects of Directive 2014/95/EU on Nonfinancial Information Reporting: Evidence from Italian and Spanish Listed Companies

Organisational and professional challenges amid the evolution of sustainability reporting: a theoretical framework and an agenda for future research

Determination Climate-Related Information Reporting on the Example of Selected Polish Listed Companies

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