The Non-Financial Reporting Harmonization in Europe: Evolutionary Pathways Related to the Transposition of the Directive 95/2014/EU within the Italian Context

Fabio Caputo, Rossella Leopizzi, Simone Pizzi and Virginia Milone
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Fabio Caputo: Department of Economic Sciences, University of Salento, 73100 Lecce, Italy
Rossella Leopizzi: Department of Economic Sciences, University of Salento, 73100 Lecce, Italy
Simone Pizzi: Department of Economic Sciences, University of Salento, 73100 Lecce, Italy
Virginia Milone: Department of Economics, Management and Company Law, University of Bari Aldo Moro, 70121 Bari, Italy

Sustainability, 2019, vol. 12, issue 1, 1-13

Abstract: Since 2016, the European context has been characterised by the introduction of the Directive 95/2014/EU on mandatory non-financial reporting. The Directive has been transposed in the Italian context through the Legislative Decree 254/2016. However, following evidence previously collected from other jurisdictions, a high degree of scepticism by academics still characterises the debate on the effectiveness of this form of regulation. In fact, the literature highlights that the effects of a mandatory approach to non-financial reporting are limited to an increase in the annual quantity of information provided and not by an effective organizational change. Therefore, the contribution of our paper is twofold: a gap analysis between the overall degree of non-financial reporting quality between the years 2015 and 2017 and an empirical analysis, factors of which have impacted on the quality of non-financial reports prepared in 2017.

Keywords: Directive 95/2014/EU; non-financial reporting; Italy; mandatory disclosure (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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