Not on the ruins, but with the ruins of the past – Inertia and change in the financial reporting field in a transitioning country

Albu, Nadia; Albu, Cătălin Nicolae; Cho, Charles H.; Pesci, Caterina

doi:10.1016/j.cpa.2022.102535

Cited by 6 publications

(9 citation statements)

References 87 publications

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“…Due to this insufficiency, the present study proposes a critical reading of the transposition of this Directive in the 28 European countries, offering insights into its further development. Using qualitative content analysis, the paper proposed an analysis of how the NFD Directive has been transposed at a country level (Albu et al , 2022). Because of the need to consider national laws in their own language, their translation into English can present a limitation for the present study.…”

Section: Discussionmentioning

confidence: 99%

“…The researchers involved in the project were able to translate documents from Spanish, German, French and Italian. Since "language translation is not a simple technical, but a socio-cultural, subjective and ideological process" (Evans, 2018(Evans, , p. 1844, the resulting text may not preserve the original meaning (Alexander et al, 2022;Albu et al, 2022). For this reason, on technical issues and translations, professional support was used to convey nuances and meanings of the original national law (Alexander et al, 2018).…”

Section: Methodsmentioning

confidence: 99%

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The juridification of social accounting and the transposition process of the non-financial reporting directive 2014/95/EU

Moggi

Lehman

Pagani

2023

MEDAR

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Purpose This paper aims to critically analyse the transposition implications of Union Directive 2014/95. This Directive identified the need to raise the transparency of the social and environmental information provided by the undertakings to a similarly high level across all Member States. Design/methodology/approach The paper considers how the European Member States of the European Union (EU) have transposed Directive 2014/95 into their regulations. The focus is on the juridification of social accounting in the pursuit of creating an overlapping consensus through Habermas’s concept of internal colonisation. The paper uses qualitative content analysis to scrutinise the national laws that transpose Directive 2014/95, discussing both what has been accomplished and what can be achieved by the release of future legislative provisions. Findings Despite the aim of Directive 2014/95 to create a common language for disclosing non-financial information, this study shows an implementation gap among and between Member States and an inconsistent picture of the employment of this Directive. Its implementation in the 28 European countries was considered a process of colonisation in implementing Union directives among European undertakings. However, the implementation process, which exemplifies Habermas’s juridification, has failed due to the lack of balance between moral discourse and actions. Originality/value This paper contributes to the ongoing debates concerning the implementation of mandatory disclosure of environmental and social information in the EU Member States, promoting new directions for the EU’s democratic laws on social accounting. In addition, it offers an example of how internal colonisation only catalyses effects when moral laws are legitimised through the provision of procedures.

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Section: Discussionmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

The juridification of social accounting and the transposition process of the non-financial reporting directive 2014/95/EU

Moggi

Lehman

Pagani

2023

MEDAR

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“…The sustainability field is also influenced by the heteronomous principles of hierarchy descending from other fields that are in some ways related to sustainability but based on other values, such as financial reporting principles and financial notions of value. Going further, Bourdieu (1983Bourdieu ( , 1992 defined the "meta-field" of power that is overarching, influencing every field and where two opposite poles compete, namely, the economic and cultural (Vandenberghe, 1999;Bourdieu, 1983Bourdieu, , 1992Albu et al, 2022). Thus, in the field of sustainability, the autonomous values of the field that establish the hierarchy among actors positing GRI in an authoritative position are challenged by the influence of the field of power, which sets the rules based on the ownership of economic versus cultural stocks of capital (Bourdieu, 1983).…”

Section: Methodsmentioning

confidence: 99%

“…In the power field logic, where the economic pole dominates the cultural pole (Mangez and Li enard, 2015;Albu et al, 2022), heteronomous values influence the struggle to dominate the sustainability field.…”

Section: Power and Heteronomous Principles Of Hierarchization And Glo...mentioning

confidence: 99%

Section: Theoretical Background and Relevant Literaturementioning

confidence: 99%

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Flattening or addressing complexity? The future role of GRI in light of the sustainability accounting (r)evolution

Pesci

Vola

Gelmini

2023

SAMPJ

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Purpose This paper discusses the evolution of sustainability reporting and the role of the Global Reporting Initiative (GRI) in relation to the social and environmental accounting (SEA) literature calling for a revolution in the standardization of sustainability reporting and the inherent complexities. This paper focuses on the future role of GRI in light of the changes resulting from harmonization supported by the International Sustainability Standards Board and the European Financial Reporting Advisory Group’s draft European Sustainability Reporting Directive. Design/methodology/approach Building on Bourdieu (1983, 1992) and SEA studies, the authors adopt a critical and qualitative approach to theorize power dynamics in the sustainability reporting field. After identifying the main issues arising from the complexity of the sustainability reporting standards and practices according to SEA scholars, the authors connect them with Bourdieu’s (1992, 1983) field theory to discuss the future role of GRI. Findings The findings suggest two distinct but intertwined roles that GRI could play in the future, namely, power related and theoretical/technical, aimed at engendering revolutionary rather than evolutionary changes in sustainability reporting. Practical implications This study offers practical implications for GRI to strengthen its future role in sustainability reporting standardization. Social implications The limited time available to mitigate the disastrous consequences of non-sustainable business on society and the environment calls for urgently addressing the complexities of sustainability accounting to foster a positive impact on society and the environment. Originality/value The authors’ reflections reclaim the SEA literature as central to identifying sustainability complexity and Bourdieu’s (1983, 1992) notions of power as key to understanding the role of GRI in the sustainability field. Furthermore, this paper emphasizes the intersection of different critical concepts, including power, complexity, value, capital and materiality.

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Exploring Multi-level Drivers of Accountants’ Opinions on the Changes Introduced by the Corporate Sustainability Reporting Directive

Krasodomska,

Zarzycka,

Zieniuk

2024

Accounting in Europe

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Not on the ruins, but with the ruins of the past – Inertia and change in the financial reporting field in a transitioning country

Cited by 6 publications

References 87 publications

The juridification of social accounting and the transposition process of the non-financial reporting directive 2014/95/EU

The juridification of social accounting and the transposition process of the non-financial reporting directive 2014/95/EU

Flattening or addressing complexity? The future role of GRI in light of the sustainability accounting (r)evolution

Exploring Multi-level Drivers of Accountants’ Opinions on the Changes Introduced by the Corporate Sustainability Reporting Directive

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