The predictive ability of legitimacy and agency theory after the implementation of the EU directive on non‐financial information
| Autor: | Carlo Marcon, Chiara Mio, Marco Fasan, Silvia Panfilo |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
NFRD
Strategy and Management Principal–agent problem Accounting Management Monitoring Policy and Law Development 0603 philosophy ethics and religion agency theory EU Non-Financial Reporting Directive legitimacy theory NFRD non-financial information disclosure Settore SECS-P/07 - Economia Aziendale 0502 economics and business Agency (sociology) Realm agency theory legitimacy theory Legitimacy business.industry 05 social sciences Stakeholder 06 humanities and the arts Directive non-financial information disclosure Legitimacy theory EU Non-Financial Reporting Directive Financial information 060301 applied ethics business 050203 business & management |
| Zdroj: | Corporate Social Responsibility and Environmental Management. 27:2465-2476 |
| ISSN: | 1535-3966 1535-3958 |
| DOI: | 10.1002/csr.1968 |
| Popis: | Directive 2014/95/EU (the EU Directive) requires large companies to disclose information on the way they operate and manage social and environmental challenges, thus shifting the disclosure of non‐financial information (NFI) from the voluntary to the mandatory realm. Building on the idea that regulatory changes can shape stakeholder expectations, we hypothesized that legitimacy (agency) theory's ability to predict NFI disclosure after the implementation of the EU Directive, and hence after NFI disclosure became mandatory, would decrease (increase). By relying on a hand‐collected data set measuring NFI disclosure, we have found that legitimacy theory maintains its predictive ability in the new mandatory setting, while agency theory's predictive ability partially increases. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|
| Nepřihlášeným uživatelům se plný text nezobrazuje | K zobrazení výsledku je třeba se přihlásit. |