What is it about?

We show that after the implementation of mandatory non-financial reporting in Italy, and Germany; the quality of reporting of companies included in the top indices of these countries improves. Consequently, the implementation of the EU Directive on mandatory non-financial disclosure has a positive impact.

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Why is it important?

Our findings provide empirical evidence about the consequences generated by the introduction of a European new regulatory requirement. Thus it shows that increasing regulations increase also the quality of non-financial reporting.


Writing this article was a great pleasure and is the outcome of a collaboration with a co-author with whom I have a long-standing research collaboration. This article started a project to evaluate the impact of regulatory requirements of non-financial information in the EU.

Prof. Dr. Cristian R. Loza Adaui
Technische Hochschule Ingolstadt

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This page is a summary of: Mandatory Nonfinancial Disclosure and Its Consequences on the Sustainability Reporting Quality of Italian and German Companies, Sustainability, August 2019, MDPI AG, DOI: 10.3390/su11174612.
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