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Nonfinancial risk disclosure: The “state of the art” of Italian companies
Author(s) -
Leopizzi Rossella,
Iazzi Antonio,
Venturelli Andrea,
Principale Salvatore
Publication year - 2019
Publication title -
corporate social responsibility and environmental management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.519
H-Index - 73
eISSN - 1535-3966
pISSN - 1535-3958
DOI - 10.1002/csr.1810
Subject(s) - directive , business , accounting , order (exchange) , risk management , perspective (graphical) , business risks , finance , risk analysis (engineering) , computer science , programming language , artificial intelligence
This research represents a preliminary analysis of the nonfinancial risk disclosure and the first after the introduction of the European directive. Using a content analysis, the level of nonfinancial risk disclosure after the introduction of the Directive 2014/95/EU on nonfinancial information has been investigated. Moreover, in order to understand the effectiveness of nonfinancial risk management, the outlook orientation (past, present, and future) and the approach to risk (positive, negative, and neutral) have been examined. The results show how the level of nonfinancial risk disclosure in Italian companies is better than before the introduction of the directive and also still based on the past and present perspective, rather than the future one.