Are mandatory non-financial disclosures credible? Evidence from Italian listed companies

Giovanni Bronzetti, Giovanni Bronzetti, Stefania Veltri, Romilda Mazzotta

Risultato della ricerca: Articlepeer review

6 Citazioni (Scopus)

Abstract

According to the Directive 2014/95/EU on non-financial information (NFI), from2017 onwards, large companies of member states must provide social, environmental, and governance disclosures. This paper, focusing on the evaluation of the credibility of NFI in Italy after the implementation of the EU Directive, aims to investigatewhether making non-financial disclosures (NFDs) obligatory affect their credibility.From a theoretical perspective of material legitimacy theory, we investigated theNFDs of the 31 FTSE MIB Italian listed companies for the 2017 fiscal year. Througha meaning-oriented content analysis, we developed a self-constructed credibilityindex applying an operational framework based on the Habermas idealism. Ourframework conceives credibility as a multidimensional construct, constituted of threesub-dimensions: truth, sincerity and appropriateness, and understandability. Our findings show that the NFDs of Italian FTSE MIB companies tend to be credible, contributing to widen the empirical researches addressed to investigate the credibility ofNFDs in mandatory contexts.
Lingua originaleEnglish
pagine (da-a)1900-1913
Numero di pagine14
RivistaCORPORATE SOCIAL-RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT
Volume27
Stato di pubblicazionePublished - 2020

All Science Journal Classification (ASJC) codes

  • ???subjectarea.asjc.3300.3303???
  • ???subjectarea.asjc.1400.1408???
  • ???subjectarea.asjc.2300.2308???

Fingerprint

Entra nei temi di ricerca di 'Are mandatory non-financial disclosures credible? Evidence from Italian listed companies'. Insieme formano una fingerprint unica.

Cita questo