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.
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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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