The institutionalisation of social and environmental accounting practices in Europe

Pizzi, Simone; Principale, Salvatore; Fasiello, Roberta; Imperiale, Francesca

doi:10.1108/jaar-07-2022-0190

Cited by 26 publications

(15 citation statements)

References 86 publications

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“…More relevant to this research is its application in studies examining the effects of MD 61,11 mandatory CSRR on reporting practices. For example, while Pizzi et al (2023) Consistent with these studies, as CSRR has been made mandatory for Malaysian PLCs to comply with since 2007 and given that BMB considers such reporting as one of the listing requirements, institutional theory underpins our study. We focus on coercive pressures to examine the impact of the implementation of SRG 2.0 on the readability of CSRR among Malaysian PLCs.…”

Section: Theoretical Frameworkmentioning

confidence: 82%

“…Furthermore, our study extends the application of institution theory to examine the impact of mandatory regulations on CSRR readability as prior recent studies focus on the overall level of CSRR post regulations (e.g., Jahid et al. , 2023; Pizzi et al ., 2023). Thirdly, it shows the impact of implementing SRG 2.0 on the readability of CSRR among Malaysian PLCs.…”

Section: Introductionmentioning

confidence: 92%

“…More relevant to this research is its application in studies examining the effects of mandatory CSRR on reporting practices. For example, while Pizzi et al . (2023) utilized institutional theory to examine how Directive 2014/95/EU impacted CSRR in Europe, Jahid et al.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

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Revised guidelines for sustainability reporting: readability and assurance

Bakry,

Azhar,

Kishan

2023

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PurposeIn 2015, Bursa Malaysia Berhad (BMB) issued the first edition of the Sustainability Reporting Guide (SRG 1.0) to aid Malaysian public listed companies (PLCs) in preparing corporate social responsibility reporting (CSRR). After receiving users' commentaries, BMB issued the second edition of SRG (SRG 2.0) in 2018. Given the major amendments in CSRR regulatory guidelines, there is a need to analyze the readability of CSRR in light of the new guide and to investigate the combined effects of SRG 2.0 and the assurance of CSR information on the readability of CSRR.Design/methodology/approachThis study employs two readability indices to compare the readability of CSRR ex-ante and ex-post the implementation of SRG 2.0 across a sample of Malaysian PLCs that maintained their market capitalization among the top 100 companies.FindingsThe practical findings of the multivariate regression revealed that the readability of CSRR is reduced after the introduction of SRG 2.0. Meanwhile, the readability of CSRR is positively influenced by combining the effect of SRG 2.0 and CSRR assurance.Practical implicationsThis study provides empirical evidence that the amendment to CSRR has made CSR reports more challenging to read and thus reduces their communicative value. Therefore, in their quest to mandate more CSRR information from companies, regulators might need to consider advocating that such data is reported in a readable manner. This study also shows the influential role of CSR information assurance in enhancing the readability of CSRR.Originality/valueThis study helps assess the readability of CSRR among Malaysian companies after the adoption of SRG 2.0. It also contributes to the literature on CSRR, as the readability of such reporting within the context of Malaysia has not been widely examined in previous studies.

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Section: Theoretical Frameworkmentioning

confidence: 82%

Section: Introductionmentioning

confidence: 92%

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Revised guidelines for sustainability reporting: readability and assurance

Bakry,

Azhar,

Kishan

2023

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“…The institutional model of collaborative project management includes aspects of relational and contractual management. Change is facilitated by temporal linkages between institutional projects and vertical linkages between institutional projects and sector-level development programs (Pizzi et al, 2023). Hamidu et al (2023) examined the moderating effect of supply chain disruption on the relationship between supply chain flexibility and supply chain efficiency for manufacturing firms in Ghana and showed that SCR has a significant positive effect on SCP.…”

Section: Institutionalization (Inst) and African Continental Free Tra...mentioning

confidence: 99%

Implications of sustainability initiatives on African Continental Free Trade adoption by firms under environmental uncertainty

Appiah¹,

Toseafa

Sam

et al. 2023

IJDI

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Purpose Despite the enormous expectant opportunities from the African Continental Free Trade Area (AfCFTA), including creating a single continental market for goods and services, trade and investment, one key deterrent has remained fiercely unresolved due to failed trajectories with similar regional markets initiatives in the continent, and that is environmental uncertainty. To address this concern, this paper aims to develop a sustainability enabled-model to facilitate the adoption of AfCFTA under uncertain environment conditions to guide prospective investors and facilitators. Design/methodology/approach This study is anchored on quantitative research approach and positivists’ paradigm. Survey strategy has been used to collect data from 520 medium-sized firms across Ghana. Data analyses have been conducted with the using smart partial least squares version 3.3.3 analytical tool and structural equation modeling modality. Findings The findings have showed that institutionalization, supply chain integration, supply chain resilience and innovativeness have positive effects on AfCFTA adoption under uncertainty. Moreover, AfCFTA adoption provides mechanisms through which to attain sustainable supply chain performance. Meanwhile, environmental uncertainty negatively influences AfCFTA adoption, and weakens the relationships between the adoption and sustainability performance. Originality/value This paper has developed an integrated investment decision model to facilitate AfCFTA adoption under environmental uncertainty. It provides new insights into the African free market to guide policymakers, practitioners, academics and promoters of AfCFTA on sustainability initiatives that influence its adoption under uncertainty. Moreover, the new model, which serves as a strategic tool for decision-making, could be used to stimulate the ratification and the trade facilitation measures to build strong confidence in current and prospective investors.

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“…Nevertheless, the NFRD represents only the first step of a possible path of institutionalization (Pizzi et al, 2023) of sustainability reporting in the European context. The EU has recently approved a new regulation, Directive 2022/2464/EU (CSRD).…”

Section: Introductionmentioning

confidence: 99%

The quality assessment of stakeholder engagement disclosure in the EU mandatory non-financial reporting framework

Petruzzelli

Badia

2023

JAAR

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PurposeThis article investigates the quality of stakeholder engagement (SE) process disclosure in the context of non-financial reporting (NFR) introduced by Directive 2014/95/EU (NFRD). SE implies the involvement of the subjects interested in the organization's activity, according to the principle of inclusiveness and the key concepts of the stakeholder theory (ST).Design/methodology/approachThe authors conducted a content analysis on 75 non-financial statements (NFSs) published by companies listed on the Italian Stock Exchange in 2018 and 2021 to evaluate the evolutionary profiles of SE quality through the years.FindingsThe average level of SE is not significantly high. The research showed an overall poor quality of disclosure concerning stakeholders' key expectations and issues to be addressed and answered. Furthermore, a certain variability emerged in the quality of the disclosure between the various reports, and no significant improvements in SE quality were noted from 2018 to 2021.Research limitations/implicationsThe conclusions provide a replicable method for the analysis of SE quality in NFSs and the development of new standpoints in the ongoing debate on the implications of mandatory legislative frameworks for NFR. Content analyses intrinsically present margins of subjectivity. The sample was limited to a subset of NFS from Italy; hence, the results could be country specific.Practical implicationsThis work suggests some possible ways of improvement of SE practices by companies.Originality/valueOriginal assessment model based on eight variables identified from the academic literature and the most common international sustainability reporting standards. These variables were stakeholder identification, stakeholder selection process, degree of involvement, SE approach, dialogue channels, SE results, different points of view and integration of the SE process.

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The institutionalisation of social and environmental accounting practices in Europe

Cited by 26 publications

References 86 publications

Revised guidelines for sustainability reporting: readability and assurance

Revised guidelines for sustainability reporting: readability and assurance

Implications of sustainability initiatives on African Continental Free Trade adoption by firms under environmental uncertainty

The quality assessment of stakeholder engagement disclosure in the EU mandatory non-financial reporting framework

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