Assessing the Effects of Directive 2014/95/EU on Nonfinancial Information Reporting: Evidence from Italian and Spanish Listed Companies

Autor: Stefanía Carolina Posadas, Lara Tarquinio
Jazyk: angličtina
Rok vydání: 2021
Předmět:
Zdroj: Administrative Sciences, Vol 11, Iss 3, p 89 (2021)
Druh dokumentu: article
ISSN: 11030089
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: Directory of Open Access Journals
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