1,721,024 research outputs found
Nexus of circular economy R0 to R9 principles in integrated reporting: Insights from a multiple case study comparison
No full textOver recent years, the Circular Economy (CE) has turned into a debated area worldwide as a way of achieving a more sustainable society. However, little is known about how companies can disclose CE-related activities in their corporate reporting. This paper aims to explore how and to what extent CE-related information is included in Integrated Reporting (IR) practices by promoting Sustainable Development Goals (SDGs). The study applies qualitative content analysis and thematic analysis approaches to explore the associations with CE, IR, the six capitals and SDGs. The institutional theory approach has been adopted to justify incorporating CE R-principles activities into IR practices. Multiple case study findings demonstrate that every case company minimum one time cites the CE R principle, while case companies seen to be more involved in the reduce (R1), reuse (R2) and recycle (R7) are engaged with IR practices and focussing on SDGs. Whereas coercive, normative, and mimetic isomorphism mechanism substantially impacts CE activities concerning IR practices, we can argue that mimetic isomorphisms need further investigation because no structures and frameworks are available. In terms of managerial implications, this study proposed a combined framework of CE and IR that provides a conceptual picture of how CE activities intermesh with the IR framework and the six capitals, both essential for the Sustainable Development (SD) agenda participation and value creation process of companies
Giuseppe Cerboni e l'Unità d'Italia. La definizione di un nuovo Modello AZiendale e di un Metodo Contabile unitario per le aziende private e pubbliche, la Logismografia
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La disclosure obbligatoria e volontaria sugli intangible assets delle aziende del segmento STAR
No full textNonfinancial Information Disclosure and Intellectual Capital Performance. Empirical Evidence before the Implementation of the Directive EU/95/2014
No full textOver the last decade, disclosure of nonfinancial information is gaining a momentum and attracting the attention from managers, consultants, financial institutions, investors, financial analysts, governments and communities leading companies to implement relevant changes in several key areas of corporate reporting. Recently, an important milestone has been achieved by the approval of the Directive EU/95/2014 issued on October 22, 2014 and focused on Disclosure of non-financial and diversity information by large companies and groups. All European State members have to implement these requirements in their domestic laws calling for large companies to disclose some nonfinancial issues on environment, employees, diversity and so on, by the fiscal year 2017. The measurement and assessment of sustainability disclosure and the appreciation of its benefits for investors and other stakeholders are linked to legitimacy theory as highlighted by several scholars (Patten, 1991; 1992; Deegan and Rankin, 1996; Hackston and Milne, 1996; Campbell, 2000; Wilmshurst and Frost, 200l; Cho and Patten, 2007; Laine, 2009; Hahn and Kuhnen, 2013). Nevertheless, the evaluation of nonfinancial disclosure has not to be evaluated in itself but also in terms of implications on firm performance and on value creation process. The relevant need to demonstrate a potential influence of ESG factors on financial performance (Wang et al. 2014) lead most studies to evaluate Corporate Financial Performance (CFP) including into regression analysis several variables related to some profitability ratios or accounting-measured indexes (i.e., Return On Assets, Return On Investment, sales growth, Return On Equity, etc.) as well as market-based indicators (i.e. earnings per share, book value per share, cash flow per share, etc. ) but underestimating the effects of nonfinancial disclosure on Intellectual Capital Performance (ICP).
To address this gap, firstly it is crucial to measure (i.e. through some scores) the extent of nonfinancial information disclosed by Italian listed companies in the year immediately before the adoption of the European Directive. Then, this explorative study can contribute to assess the potential relationship between such nonfinancial disclosure and CFP/ICP, given the key contribution of intangible resources to the firm’s value creation process (Padgett and Galan, 2010; Surroca et al., 2010; Lòpez-Gamero et al., 2011)
“Can Non-financial Information improve Intellectual Capital Performance? Evidence before the Implementation of the European Directive Eu/95/2014”
No full textServitization and sustainability actions. Evidence from European manufacturing companies
No full textServitization is a process adopted by some industries and companies to create competitive advantage and increase the value of physical products by adding services. Manufacturing companies may decide to integrate a product–service system into their activities. However, there is no clear evidence of the effects of servitization on performance or sustainability, particularly in a circular economy. The aim of this study was to assess the potential impact of servitization on sustainability in a sample of 208 European listed manufacturing companies by investigating corporate sustainability disclosure, environmental performance, and policies. Using the business descriptions in the Bloomberg database, we identified two groups of companies: “pure manufacturers” and “non-pure manufacturers.” We examined potential differences in sustainability between the two groups resulting from servitization. Data were collected for the fiscal year 2016. Our findings suggest that servitization leads to improved energy consumption and therefore enhances environmental performance. However, servitization had no effect on corporate sustainability disclosure and other environmental policies such as environmental assurance, emissions reduction policies, and environmental supply chain management
The performance reporting choices in Europe and USA. A survey on the "successful" convergence IFRS/US-GAAP after the adoption of IAS 1 revised
No full textThe Process of global convergence IFRS/US-GAAP. An empirical analysis on IFRS-compliant and US GAAP-compliant financial statements
No full textIntegrated reporting, corporate governance practices, social sustainability policies and environmental disclosure. The case of South Africa
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