Assessing the Effects of Directive 2014/95/EU on Nonfinancial Information Reporting: Evidence from Italian and Spanish Listed Companies
| Autor: | Lara Tarquinio, Stefanía Carolina Posadas |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Directive 2014/95/EU
Index (economics) business.industry disclosure index nonfinancial information Legislation Accounting Directive General Business Management and Accounting Italy Content analysis Spain JF20-2112 Sustainability Business Information reporting Political institutions and public administration (General) |
| Zdroj: | Administrative Sciences Volume 11 Issue 3 Administrative Sciences, Vol 11, Iss 89, p 89 (2021) |
| ISSN: | 2076-3387 |
| DOI: | 10.3390/admsci11030089 |
| Popis: | 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. |
| Databáze: | OpenAIRE |
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