Suchergebnisse

Cover -- Occhiello -- Indice -- Indice tabelle -- Gli Autori -- Capitolo 1 - Gli obiettivi della ricerca e la metodologia utilizzata -- Capitolo 2 - I risultati della ricerca -- Capitolo 3 - La prima analisi dei risultati -- Capitolo 4 - La crisi e gli strumenti giuridici per il suo superamento: il quadro di sintesi emergente dalla ricerca -- Bibiliografia -- Finito di stampare

La situazione di crisi economica sta profondamente influenzando la società civile e le condizioni di benessere della stessa, riducendone il livello qualitativo e mettendo in discussione le scelte fino ad oggi effettuate e ritenute erroneamente durature soprattutto dalle imprese. In questo contesto e al fine di valutare in quali condizioni verranno affrontati gli anni futuri, il lavoro intende presentare i risultati complessivi della ricerca sviluppata nell'ambito dell'Osservatorio sulla crisi e sui processi di risanamento delle imprese presso il Dipartimento di Economia e Management dell'Unive

AbstractThe European Directive 2014/95, in force in 2017, requires non‐financial information to all public interest entities with more than 500 employees. However, multinational companies as 'global corporate citizen' have already started to communicate sustainability disclosure, before the accounting regulation imperative. The paper studies the sustainability disclosure behaviour of a global multinational Company, Eni, an Italian Integrated Oil & Gas Listed Company. The aim is to examine the relationship between the 'self‐regulation' disclosure before the law and the forces within the company that drove that decision and the ex‐post disclosure after the regulation imperative. The analysis is conducted over the 2018–2011 period and considers all the annual reports (i.e., financial report and social, environmental or sustainability reports). The results state that 'self‐regulation' is guided by strategic legitimacy based on factors as corporate strategy, corporate identity and stakeholders' pressure while the accounting regulation represents a tool to summarize non‐financial data.

Directive 2014/95, in force since 2017, is the first European step that requires companies to provide mandatory non-financial information (NFI). The regulation concerns sustainability information with the policy goal of increased accountability and comparability among European "public interest entities" on that matters. According to the framework of Regulatory Integrated Assessment (RIA), the study compares the disclosure before and after the Directive application considering the content (what) and the location of the information in companies" reports (where). Content analysis is applied to both financial and non-financial reports to create a disclosure scoring index and an overlapping one. Thus to compare the ex-ante analysis to the ex-post by a quantitative scoring system. The research contributes to the debate on the regulatory policy evaluation examining whether the ex-post assessment reveals a change in companies" reporting behaviour about non-financial information, i.e. if the regulation achieves its policy objectives of improving sustainability disclosure. Findings show differences between the ex-ante and the ex-post phase: after the enforcement of the Directive there is an increase in the degree of disclosure (what) and a reduction in the level of overlap (where), with more companies choosing "embedded" reports. These results are a preliminary step in the regulatory policy evaluation and they answer to the request of more studies on the ex-post implementation review of regulation.

AbstractEnvironmental success can only become a reality when the financial goals of firms are not compromised. Based on this proposition, the study aimed to investigate four relationships, including the effect of corporate social responsibility (CSR) on financial performance, mediation of green dynamic capabilities (GDCs) between CSR and green innovation (GI), mediation of GI between CSR and financial performance, and moderation of perceived environmental volatility in GI and financial performance nexus. A sample of 655 manufacturing firms was collected from Pakistan to test the proposed hypotheses, and structural equation modeling was conducted. The results demonstrate a positive significant influence of CSR on financial performance. In addition, the mediation of GDCs and GI has also been confirmed. Furthermore, the results demonstrate that high environmental volatility weakens the GI and financial performance nexus. The study results offer unique contributions to the literature and interesting suggestions for practicing emerging economy managers.