Artikel
Encompassing non-financial reporting in a coercive framework for enhancing social responsibility: Romanian listed companies' case
This study investigates the disclosure levels of Romanians listed companies' pre and post the implementation of the European Directive 2014/95 (EUD) in order to explore the effects of the new regulation entered into force in January 2017, under the institutional lens. Moreover, the paper emphasises whether Romanian Energy (Oil & Gas and Utilities) listed companies are delineating, in their reports, issues regarding environmental, social, and governance (ESG) aspects. The empirical research performed throughout a pre/post effect analysis of the level of non-financial disclosure, followed by an exploration of its determinants using the Paired-samples t-test and regression analysis enable us to demonstrate a slight increasing in disclosure level, after the entry into force of the EUD. Moreover, Energy companies who are the most challenged by the bio-economy trend, demonstrated a considerable increasing in terms of disclosure as well as focused and awareness about ESG issues. Research findings lead to an effort increasing in order to satisfy EUD requirements, information are useful to practitioners and policy makers. According to authors best knowledge this is the first assessment of disclosure levels and its determinant pre and post directive adoption in the Romanian case, which can result useful to appreciate the effect of the EUD.
- Language
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Englisch
- Bibliographic citation
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Journal: Amfiteatru Economic Journal ; ISSN: 2247-9104 ; Volume: 21 ; Year: 2019 ; Issue: 52 ; Pages: 590-606
- Classification
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Wirtschaft
Ecological Economics: Ecosystem Services; Biodiversity Conservation; Bioeconomics; Industrial Ecology
Sustainable Development
- Subject
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non-financial disclosure
sustainability
bio-economy
social responsibility
disclosure index
European Directive 95/2014
Romania
- Event
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Geistige Schöpfung
- (who)
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Tiron-Tudor, Adriana
Nistor, Cristina Silvia
Ştefănescu, Cristina Alexandrina
Zanellato, Gianluca
- Event
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Veröffentlichung
- (who)
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The Bucharest University of Economic Studies
- (where)
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Bucharest
- (when)
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2019
- DOI
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doi:10.24818/EA/2019/52/590
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Tiron-Tudor, Adriana
- Nistor, Cristina Silvia
- Ştefănescu, Cristina Alexandrina
- Zanellato, Gianluca
- The Bucharest University of Economic Studies
Time of origin
- 2019
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Climate change, corporate risk-taking, and financialization: evidence from Chinese A-share non-financial listed companies
When does earnings management matter? Evidence across the corporate life cycle for non-financial Chinese listed companies
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Patients' experiences of coercive treatment and coercive measures in psychiatric care
Decomposition techniques for financial ratios of European non-financial listed groups
Non-financial reporting and reputational risk in the Romanian financial sector
Capital budgeting practices by non-financial companies listed on Kuwait Stock Exchange (KSE)
Segment disclosure pratices and determinants: Evidence from Romanian listed companies
IFRS compliance, corporate governance and financial reporting quality of GSE-listed non-financial firms
Financing decision, ownership type and financial performance of listed non-financial companies in Ghana
Market risk and financial performance of non-financial companies listed on the Moroccan Stock Exchange
Corporate derivatives and ownership concentration: Empirical evidence of non-financial firms listed on Pakistan Stock Exchange
Climate change, corporate risk-taking, and financialization: evidence from Chinese A-share non-financial listed companies
When does earnings management matter? Evidence across the corporate life cycle for non-financial Chinese listed companies
The Relationship between Entrepreneurship and Corporate Governance The Case of Romanian listed Companies
Patients' experiences of coercive treatment and coercive measures in psychiatric care
Decomposition techniques for financial ratios of European non-financial listed groups
Non-financial reporting and reputational risk in the Romanian financial sector
Capital budgeting practices by non-financial companies listed on Kuwait Stock Exchange (KSE)
Segment disclosure pratices and determinants: Evidence from Romanian listed companies
IFRS compliance, corporate governance and financial reporting quality of GSE-listed non-financial firms
Financing decision, ownership type and financial performance of listed non-financial companies in Ghana
Market risk and financial performance of non-financial companies listed on the Moroccan Stock Exchange
Corporate derivatives and ownership concentration: Empirical evidence of non-financial firms listed on Pakistan Stock Exchange
Climate change, corporate risk-taking, and financialization: evidence from Chinese A-share non-financial listed companies
When does earnings management matter? Evidence across the corporate life cycle for non-financial Chinese listed companies
The Relationship between Entrepreneurship and Corporate Governance The Case of Romanian listed Companies