A Text-Mining Analysis on the Review of the Non-Financial Reporting Directive: Bringing Value Creation for Stakeholders into Accounting

Fiandrino, Simona; Tonelli, Alberto

doi:10.3390/su13020763

Cited by 13 publications

(7 citation statements)

References 67 publications

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“…Materiality disclosures as image-enhancing marketing tools cause concerns regarding weak accountability and a deviation from the standards' objective of improving information quality (Lakshan et al, 2021). To mitigate these risks, materiality analysis should be assessed based on the integration of useful information with stakeholders and risk management practices (Fiandrino and Tonelli, 2021) or, eventually, by considering the interrelated nature of dynamic risk materiality and dynamic accountability for a broader group of stakeholders so that they may adjust their risk management and reporting processes accordingly (Crovini et al, 2021). Furthermore, if individual preparers of integrated reports primarily use their financial expertise and they simply add sustainability issues, materiality is defined only with reference to financial performance (Cerbone and Maroun, 2020;p.…”

Section: Content Analysismentioning

confidence: 99%

Sustainability materiality research: a systematic literature review of methods, theories and academic themes

Fiandrino

Tonelli

Devalle

2022

QRAM

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Purpose This systematic literature review (SLR) aims to examine the extent of academic knowledge of sustainability materiality research. There is no academic review of this field; therefore, this study aims to close this research gap. Design/methodology/approach The paper systematically reviews the existing literature on sustainability materiality research. Papers were qualitatively classified and analysed in accordance with the theoretical underpinning, research methods and academic themes of sustainability materiality research. Findings The findings of the review show that scholarly work on sustainability materiality has increased exponentially since the 2010s. In terms of research methods, scholars have examined sustainability using content analysis techniques and qualitative approaches. A common theoretical foundation was missing, but an increasing number of articles have been anchored to stakeholder theory. The academic themes have progressively enriched empirical evidence on the evaluation of materiality in sustainability information. Research limitations/implications This review can be useful as an academic basis to open avenues for strengthening theoretical and empirical research on new emerging issues regarding double materiality and dynamic materiality. Originality/value This paper conducts the first SLR of academic knowledge on sustainability materiality research. Eight academic themes are proposed to classify sustainability materiality. Thus, it is an aid to future research in this area.

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Section: Content Analysismentioning

confidence: 99%

Sustainability materiality research: a systematic literature review of methods, theories and academic themes

Fiandrino

Tonelli

Devalle

2022

QRAM

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“…Based on the above-mentioned academic suggestions, the completeness of the NFI contents is subjected to the number of sustainability issues included in the analysis. To pursue completeness of NFI, it is even more necessary to formalize a sustainability agenda which provides specific guidelines referring to the NFI topics related to the business model of companies (Fiandrino and Tonelli, 2021;Fiandrino et al, 2019). 4.2.1 Consultation process.…”

Section: Completenessmentioning

confidence: 99%

The multi-faceted dimensions for the disclosure quality of non-financial information in revising directive 2014/95/EU

Fiandrino

Trana

Tonelli

et al. 2021

JAAR

Self Cite

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PurposeThe aim of this paper is to provide the state of the art in the academic and professional debate on the disclosure quality of NFI. This analysis is driven by the need to feature the dimensions of NFI quality that should be considered to improve the current regulatory framework towards a more transparent disclosure.Design/methodology/approachThe research is an integrative literature review that assesses and synthesizes the scientific knowledge and the annexed documents collected during the public consultation for the Review of Non-financial Reporting Directive (NFRD) on the disclosure quality of non-financial information (NFI).FindingsFindings show that there is a common consensus between scientific literature and the annexed documents of the consultation process on the Review of the NFRD on the need to enhance a double-materiality perspective, to provide specific contents on sustainability issues, to clarify the relevance of NFI, and to embed NFI into the management report in an integrated manner. Furthermore, there is an alignment related to timeliness in favour of a risk management procedure and a forward-looking approach.Research limitations/implicationsThe research engages the debate on the NFI disclosure quality, in light of the recent Review of NRFD and the new Proposal of Corporate Sustainability Reporting Directive that extends and enhances the non-binding reporting guidelines of NFI.Practical implicationsThe research provides a dashboard of the dimensions of NFI disclosure quality that aggregates the academics' and practitioners' knowledge systematically. It shows the interplay between the scholarly developments and the recent measures arisen in the consultation process to undertake NFI disclosure quality.Originality/valueThe research provides a lens to analyse, classify and interpret the insights emerged during the consultation process of the NFRD.

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“…Fiandrino and Tonelli [ 28 ] conducted a text analysis on the revision of the Directive and highlighted four main topics underlying the debate of the proposed legislative changes, namely the quality of NFI, standardization, materiality and assurance. In their study, La Torre et al [ 29 ] examined the concept of accountability in the Directive context to provide a new critique and perspective for future research in NFR and advance future practice and policy.…”

Section: Literature Reviewmentioning

confidence: 99%

Assessment of the Mandatory Non-Financial Reporting of Romanian Companies in the Circular Economy Context

Haţegan

Curea-Pitorac

Milu

2021

IJERPH

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Between the circular economy and corporate social responsibility, there is an ever-closer connection. Non-financial reporting of social responsibility actions is based on the circular economy concept, so reporting contributes to increasing the level of disclosure of circular strategies. In this context, large companies are required to report non-financial information to understand their activities better. The paper’s objective is to assess the mandatory non-financial reporting of Romanian companies active in the non-financial sector for 2017–2019. The empirical analysis consisted of creating and awarding an evaluation score to the reports of the companies. An econometric model was tested using a feasible generalized least squares (FGLS) regression to identify the link of the obtained Score with a series of variables representing the characteristics of the companies: Information on a website (I), Foreign ownership (F), Private ownership (P), Listed company (L), Return on assets (ROA), and Return on equity (ROE). Research results highlight a positive correlation between Score and all variables statistically significant in the model. Our study empirically validated the link between non-financial reporting and financial performance. The practical implications for managers can be to focus on improving the quality of non-financial reporting by better presenting the sustainability actions in a circular economy context.

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A Text-Mining Analysis on the Review of the Non-Financial Reporting Directive: Bringing Value Creation for Stakeholders into Accounting

Cited by 13 publications

References 67 publications

Sustainability materiality research: a systematic literature review of methods, theories and academic themes

Sustainability materiality research: a systematic literature review of methods, theories and academic themes

The multi-faceted dimensions for the disclosure quality of non-financial information in revising directive 2014/95/EU

Assessment of the Mandatory Non-Financial Reporting of Romanian Companies in the Circular Economy Context

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