Sustainability reporting practices and their social impact to NGO funding in Italy

Gazzola, Patrizia; Amelio, Stefano; Papagiannis, Fragkoulis; Michaelides, Zenon

doi:10.1016/j.cpa.2019.04.006

Cited by 33 publications

(35 citation statements)

References 37 publications

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“…CRS presents strong linkages with the concept of sustainability, defined as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs" [4], where future generations are considered strategic stakeholders [5]. In the last decade, sustainability and corporate social responsibility discourses have gained increasing attention in the managerial literature [6][7][8][9][10]; in particular, several studies have analyzed both the direct and indirect effect of CSR disclosure on the market [11][12][13][14][15][16]. Since 2000, sustainability reports, separated from financial reports or in the form of integrated reporting [15], have been adopted, a trend which demonstates the increasing attention paid by companies to the role of non-financial disclosure.…”

Section: Introductionmentioning

confidence: 99%

Non-Financial Information Disclosure in Italian Public Interest Companies: A Sustainability Reporting Perspective

et al. 2020

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The paper aims at investigating the impact of UN Sustainable Development Goals (SDGs) 2030 on Italian “public interest entities” both in term of approaches to non-financial disclosure and on business strategies. The analysis focuses on the investigation of the relationships between the 17 SDGs and the set of non-financial information defined in bont the EU Directive 2014/95/EU and the related Italian L.D. n. 254 of 30 December 2016. SDGs has been significantly analysed in the literature, considering the effects on sustainability policies adopted by the States, but little attention has been paid to the policies adopted by companies. The awareness of companies towards the business implication connected to the achievemt of these goals translate into a new conscientious path, in compliance with sustainability standards. In this framework, the paper investigates the entire population of Italian companies subject to the publishing of non-financial information disclosure, with the exclusion of banks and insurance companies. For each company under investigation, two kinds of analysis are presented: (1) firstly, the company’s level of sustainability derived from the company website; (2) the approach in pursuing the 17 SDGs. The overall results are quite comforting in term of companies’ sustainability aptitude. Over the years, Italian public interest entities have implemented active policies linked to the achievement of some specific goals, in compliance with the Italian legislation, although divergences still emerge among the Italian areas, as a result of cultural differences that still exist and affect companies’ approaches to sustainability issues. In this regard, the results of the analysis are interesting for government authorities to regulat the pursuit of sustainability goals.

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Section: Introductionmentioning

confidence: 99%

Non-Financial Information Disclosure in Italian Public Interest Companies: A Sustainability Reporting Perspective

et al. 2020

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“…Bae et al (2018) state that there are few studies on sustainability reporting in Asian countries. Besides, several researchers have also identified SR practices in the public sector (Adams et al, 2014;Gazzola et al, 2019;Montecalvo et al, 2018;Farneti et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

Sustainability reporting: An overview of the recent development

Meutia

Yaacob

Kartasari

2021

Accounting and Financial Control

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This study aims to provide an extensive overview of the current state of sustainability reporting through the review studies on sustainability reports (SR) in the accounting literature for the period 2015–2020. A structured literature review (SLR) methodology is used to investigate how the SR literature develops and focuses. The study uses keywords such as “sustainability report” and “sustainability reporting” to identify studies that are relevant to a given topic. A total of 44 published studies were found. This study identifies the main directions of SR research in the 2015–2020 period and discusses several important aspects of research, namely methodology, research methods, and the theory used. To enrich the results, this study defines the scope, country of research, topics and sectors studied. The study provides insight into future SR research used by researchers to develop SR research. Several things are proposed that can be used as a guide for future SR research, such as sustainability in SMEs and the public sector. Ensuring sustainability is one of the research topics that can be a direction for researchers in the future. Theories such as contingency and source credibility can be an alternative to explaining the reality of sustainability reporting.

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“…Corporate social responsibility (CSR) is on the way to becoming one of the main practices of modern companies as more and more companies under the pressure from stakeholders adopt and apply CSR disclosure practice (Adams, 2020;Gazzola et al, 2019;KPMG, 2020). Corporate social responsibility is trending upwards both in academic research (Zengul et al, 2021;Pasko et al, 2021) and in corporate practice (KPMG, 2020).…”

Section: Introductionmentioning

confidence: 99%

Are Corporate Social Responsibility Active Firms Less Involved in Earnings Management? Empirical Evidence From China

Pasko

Chen

Проскуріна

et al. 2021

Business: Theory and Practice

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This paper investigates whether corporate social responsibility active (CSR active) firms operate dissimilarly from other firms in their financial reporting. Specifically, we examine whether the corporate social responsibility (CSR) attitude of a firm sways its reporting incentives, in respect of the extent of earning management. To test our predictions, we use a sample of 25,861 year-company observations, corresponding to 3538 Chinese listed companies, for the period 2009–2019. We find a significant positive association between CSR activity and earning management assessed by the level of discretionary accruals in Chinese listed companies. Moreover, we document that Chinese CSR active firms engage more in earnings management through discretionary accruals than CSR inactive firms. These findings are consistent with the opportunistic financial reporting hypothesis: advances in CSR used by managers to safeguard their position by evading scrutiny from stakeholder activists. This study contributes to the growing awareness among investors, stakeholders and researchers that we should distinguish between CSR active firms and socially responsible firms and that being the latter entail something more than just mechanically produce CSR reports.

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Sustainability reporting practices and their social impact to NGO funding in Italy

Abstract: The version presented here may differ from the published version or from the version of the record. Please see the repository URL above for details on accessing the published version and note that access may require a subscription.

Cited by 33 publications

References 37 publications

Non-Financial Information Disclosure in Italian Public Interest Companies: A Sustainability Reporting Perspective

Non-Financial Information Disclosure in Italian Public Interest Companies: A Sustainability Reporting Perspective

Sustainability reporting: An overview of the recent development

Are Corporate Social Responsibility Active Firms Less Involved in Earnings Management? Empirical Evidence From China

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