Internal governance mechanisms: Evidence from Islamic banks

Abstract

Starting from financial years beginning on or after January 1, 2020 (eventually postponed by the member states to January 1, 2021), Regulation (EU) 2019/815 of December 17, 2018 (Regulation) requires all listed companies on European Union regulated markets to prepare their annual financial reports in the European Single Electronic Format (ESEF). This research focuses on the banking industry, given both the importance of banks for the global financial stability and its specific national and international industry regulations. Primary goal of this study is to investigate the suitability of the existing ESEF taxonomy to the needs of the Italian listed banks.