Towards 2014/95/EU directive compliance: the case of Poland

Matuszak, Łukasz; Różańska, Ewa

doi:10.1108/sampj-02-2020-0042

Cited by 40 publications

(40 citation statements)

References 42 publications

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“…This study contributes to the literature by demonstrating the fact that the ED led to an increase of the level of NFR disclosure in Hungary similar to other countries examined by prior research (Caputo et al, 2020;Matuszak and R o_ za nska, 2021;Tiron-Tudor et al, 2019;Venturelli et al, 2019). Our results show that the ED had a larger impact on companies that have not reported NFI voluntarily before the new legislation, and on matters that have not been regulated earlier.…”

Section: Discussionsupporting

confidence: 83%

“…Reporting practices, compliance and the possible effects of the ED had been investigated with content analysis even before the implementation started (Dumitru et al, 2017;Hoffmann et al, 2018;Matuszak and R o_ za nska, 2017;Per si c and Lahorka, 2018;Venturelli et al, 2017Venturelli et al, , 2019. The series of research continued after the introduction of ED, examining the disclosure before and after the ED to explore its effects (Caputo et al, 2020;Matuszak and R o_ za nska, 2021;Mio et al, 2020;Mion and Loza Adaui, 2019;Sierra-Garcia et al, 2018;Tiron-Tudor et al, 2019).…”

Section: The Impact Of Edmentioning

confidence: 99%

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The non-financial reporting practices of Hungarian listed public interest entities considering the 2014/95/EU Directive

Lippai-Makra

Kovács

Kiss

2022

JAAR

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PurposeThis paper aims to investigate the non-financial reporting (NFR) practices of Hungarian listed public interest entities for 2016–2018 in terms of the required disclosure content based on the 2014/95/EU Directive (ED).Design/methodology/approach The authors apply content analysis methodology on Hungarian firms subject to mandatory reporting under the ED. The target variable in the multivariate model is the reporting quality (Qi) measured by a combined index.Findings The authors find that the ED had a moderate impact on Hungary's reporting quality because the overall disclosure of the sample only increased from low to medium level. The authors found that the value of intangible assets is a determinant of the reporting quality before and after the implementation of the ED. The findings support the effect of coercive isomorphism on Hungarian NFR practices.Research limitations/implications The limitation of the research is the number of firms examined. However, the authors covered the entire (non-bank) community of the Hungarian firms subject to the ED.Practical implications The authors suggest that reporting entities build upon the synergy between intellectual capital disclosure and NFR when elaborating their reporting strategies. The authors recommend the integration of ethical matters into corporate strategies and policies. Policymakers may consider the revision of the Hungarian regulations. The authors suggest academics embrace these topics in teaching.Originality/value To the best of the authors’ knowledge, this is the first study that investigates the impact of ED in the context of Hungary. The authors contribute to the existing literature by adding the results of the ridge regression model, highlighting the importance of intangible assets.

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Section: Discussionsupporting

confidence: 83%

Section: The Impact Of Edmentioning

confidence: 99%

The non-financial reporting practices of Hungarian listed public interest entities considering the 2014/95/EU Directive

Lippai-Makra

Kovács

Kiss

2022

JAAR

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“…Finally, our results relate to the academic debate on the extent to which the NFRD improves the quantity or quality of sustainability disclosures. Prior studies have investigated this issue in specific countries, such as Italy (Aureli et al , 2020; Carini et al , 2021; Muserra et al , 2020; Pizzi et al , 2021) or Poland (Matuszak and Różańska, 2021). Our comparison of the coverage and level of sustainability reporting practices in 2013, 2016 and 2018 shows an increase in the coverage of topics (i.e.…”

Section: Discussionmentioning

confidence: 99%

“…Poland is the second country where the NFRD transposition has been subject to most academic inquiry (Korca and Costa, 2021). Matuszak and Różańska (2021) report that Polish companies are likely to comply with the NFRD. This effect was especially apparent in those firms with low reporting levels before the EU SRR.…”

Section: Literature Reviewmentioning

confidence: 99%

Strategic responses to sustainability reporting regulation and multiple stakeholder demands: an analysis of the Spanish EU non-financial reporting directive transposition

Esteban-Arrea

Garcia-Torea

2022

SAMPJ

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Purpose This paper aims to study companies’ strategic responses to regulative institutional pressures on sustainability reporting. Particularly, it investigates the role of multiple stakeholder demands in shaping corporate responses to Law 11/2018 that transposes the EU Non-Financial Reporting Directive in Spain. Design/methodology/approach Informed by Oliver’s framework, the study analyzes the 2018 non-financial information of Spanish listed companies mandated to report under Law 11/2018 to explore the relationship between adopting a particular strategic response and companies’ stakeholder configuration. Findings Companies facing multiple stakeholder pressures tend to use a compromise strategy favoring the disclosure of relevant topics to a specific stakeholder type. Specifically, environmentalists are the most influential stakeholder in determining the coverage of sustainability topics to the detriment of other stakeholders when companies suffer from regulatory pressures. Research limitations/implications The study contributes to disentangling the factors determining how companies respond to sustainability reporting regulation. Future research could perform longitudinal and large multinational analyses to study the evolutionary process of corporate responses. Practical implications The study is relevant to managers and policymakers as it highlights that sustainability reporting regulation should promote the coverage of relevant topics to less influential stakeholders. Social implications The study explores the extent to which current sustainability reporting regulation can increase transparency on sustainability issues for all stakeholders. Originality/value In contrast to previous literature exploring the extent to which firms comply with regulation, the study considers that companies can respond more actively to mandatory sustainability reporting requirements.

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“…The European Union initiatives in this field resulted in implementing Directive 2014/95/EU. Following this directive, organizations can choose a minimum harmonization approach by providing at least a "package" of nonfinancial information considered unavoidable and comprehensive [15]. According to the "comply or explain principle", the data can be published in an annual report or separately.…”

Section: Literature Reviewmentioning

confidence: 99%

Banks’ Energy Behavior: Impacts of the Disparity in the Quality and Quantity of the Disclosures

2021

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Environmental, social, and governance (ESG) factors are becoming increasingly relevant for banks as entities that play an essential role in supporting the development of enterprises, individuals and the whole economy. The paper aims to evaluate the impact of the ESC directive on banks’ energy behavior disclosures, explicitly relating to behaviors towards energy use and its impact on banks’ performance. We developed a methodology to provide the objective characteristic of banks’ energy behavior. In the paper, the banks’ energy behavior (BEB) index is calculated using sixteen indicators, followed by further analysis of its relationship with banks’ performance measured by indexes referring to banks’ characteristics, efficiency, and solvency. Our results are based on an analysis of the disclosures in nonfinancial reports. We find correlations that indicate that banks that are more likely to demonstrate energy behaviors (with a high BEB index) are those that better manage their costs and are more attractive for investors. Further analysis suggests that banks’ energy behavior has no statistically significant correlation with other performance indicators. We find only limited evidence of statistical associations between energy behavior and the net interest margin. We argue that our results contribute to the significant body of literature supporting the role of ESG in active engagement with energy issues.

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Towards 2014/95/EU directive compliance: the case of Poland

Cited by 40 publications

References 42 publications

The non-financial reporting practices of Hungarian listed public interest entities considering the 2014/95/EU Directive

The non-financial reporting practices of Hungarian listed public interest entities considering the 2014/95/EU Directive

Strategic responses to sustainability reporting regulation and multiple stakeholder demands: an analysis of the Spanish EU non-financial reporting directive transposition

Banks’ Energy Behavior: Impacts of the Disparity in the Quality and Quantity of the Disclosures

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