The Role of Reputation and Regulation in Shaping Non-Financial Information Reporting

Melanie Grueso-Gala () and Sergio Camisón-Haba
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Melanie Grueso-Gala: Faculty of Economics, Universitat de València, 46022 Valencia, Spain
Sergio Camisón-Haba: Faculty of Economics, Universitat de València, 46022 Valencia, Spain

Administrative Sciences, 2025, vol. 15, issue 5, 1-22

Abstract: This study explores how corporate reputation and regulation influence the quantity and quality of non-financial information (NFI) disclosure. While internal drivers of NFI reporting are well-studied, external pressures remain underexplored. Analyzing Ibex35 firms (2015–2019) during Spain’s adoption of Directive 2014/95/EU, the study uses panel data analysis to assess the impact of reputation and regulation on NFI reporting. The findings show that highly reputed firms disclose more extensive and higher-quality NFI, while regulatory changes significantly improve both variables of NFI reporting. Thus, firms go beyond mere compliance. By distinguishing between quality and quantity, the study clarifies conflicting prior findings and highlights the complementary roles of reputation and regulation in fostering transparency. The results offer valuable insights for managers and policymakers, enhancing stakeholder trust and the effectiveness of regulation in promoting corporate transparency.

Keywords: non-financial information; reputation; regulation; transparency; sustainability reporting; accountability (search for similar items in EconPapers)
JEL-codes: L M M0 M1 M10 M11 M12 M14 M15 M16 (search for similar items in EconPapers)
Date: 2025
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