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info:eu-repo/grantAgreement/MINECO/Programa Estatal de Fomento de la Investigación Científica y Técnica de Excelencia/ECO2013-43838-P/ES/DISCRECCIONALIDAD DIRECTIVA Y RESPONSABILIDAD SOCIAL CORPORATIVA: EFECTO EN LA REPUTACION Y EL COSTE DE CAPITAL The European Union has made the fight against climate change and the achievement of a sustainable economy political priorities. To promote the ecological transition of companies and corporate transparency, a broad regulatory framework has been developed. This paper analyses the effect of institutional pressures derived from this regulatory framework on the environmental information disclosed by 832 multinationals in the period 2011–2020. The results reveal a positive global effect, although, at an individual level, this effect is only maintained for the regulations and recommendations related to non-financial information and the European Green Deal. Furthermore, the impact differs depending on the category of environmental information disclosed Consejería de Educacion, Junta de Castilla y Leon, Grant/Award Number: SA069G18; Consellería de Cultura, Educacion e Ordenacion Universitaria, Xunta de Galicia, Grant/Award Number: 2020 GPC GI-2016; Junta de Castilla Leon y Fondo Europeo de Desarrollo Regional, Grant/Award Number: CLU-2019-03 Unidad de Excelencia GECOS; Ministerio de Ciencia e Innovacion, Grant/Award Number: ECO2013-43838P; Ministerio de Ciencia, Innovacion y Universidades, Grant/Award Number: RTI2018-093423-B-I00; Universidad de Salamanca, Grant/Award Number: USAL2017-DISAQ SI |
