Search results for " material legitimacy theory"

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Are mandatory non-financial disclosures credible? Evidence from Italian listed companies

2020

According to the Directive 2014/95/EU on non‐financial information (NFI), from 2017 onwards, large companies of member states must provide social, environmental, and governance disclosures. This paper, focusing on the evaluation of the credibility of NFI in Italy after the implementation of the EU Directive, aims to investigate whether making non‐financial disclosures (NFDs) obligatory affect their credibility. From a theoretical perspective of material legitimacy theory, we investigated the NFDs of the 31 FTSE MIB Italian listed companies for the 2017 fiscal year. Through a meaning‐oriented content analysis, we developed a self‐constructed credibility index applying an operational framewor…

Index (economics)Credibility index EU directive 2014/95/EU Habermas Italian FTSE MIB listed companies mandatory non-financial disclosures (NFDs) material legitimacy theory meaning-oriented content analysis non-financial information (NFI)business.industryStrategy and Managementmedia_common.quotation_subjectCorporate governance05 social sciencesSincerityAccounting06 humanities and the artsManagement Monitoring Policy and LawDevelopment0603 philosophy ethics and religionDirectiveFiscal yearContent analysis0502 economics and businessCredibility060301 applied ethicsBusinessConstruct (philosophy)050203 business & managementmedia_common
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