Empirical Analysis of Non-Financial Reporting by Spanish Companies

[EN] Spain is one of the European countries that is the most strongly committed to the presentation of non-financial information. In 2017, Spain adapted its legislation to Directive 2014/95/EU through Royal Decree-Law 18/2017, which required Public Interest Entities (PIEs) to provide information in...

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Autores: Sierra-García, Laura, García-Benau, María Antonia, Helena María Bollas-Araya|||0000-0001-8266-3622
Tipo de recurso: artículo
Fecha de publicación:2018
País:España
Institución:Universitat Politècnica de València (UPV)
Repositorio:RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
Idioma:inglés
OAI Identifier:oai:riunet.upv.es:10251/167395
Acceso en línea:https://riunet.upv.es/handle/10251/167395
Access Level:acceso abierto
Palabra clave:Non-Financial information
Non-Financial report
Sustainability report
Directive 2014
95
EU
ECONOMIA FINANCIERA Y CONTABILIDAD
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spelling Empirical Analysis of Non-Financial Reporting by Spanish CompaniesSierra-García, LauraGarcía-Benau, María AntoniaHelena María Bollas-Araya|||0000-0001-8266-3622Non-Financial informationNon-Financial reportSustainability reportDirective 201495EUECONOMIA FINANCIERA Y CONTABILIDAD[EN] Spain is one of the European countries that is the most strongly committed to the presentation of non-financial information. In 2017, Spain adapted its legislation to Directive 2014/95/EU through Royal Decree-Law 18/2017, which required Public Interest Entities (PIEs) to provide information in accordance with the requirements of the European Union (EU) Directive, with respect to financial years from 1 January 2017. Our research is focused on Spanish IBEX-351 listed companies and seeks to identify current trends in non-financial reporting. To our knowledge, the present paper is the first study to examine the impact made in Spain by the legislative changes. Our aim is to analyse the publication of non-financial information by Spanish listed companies whose first reports in this regard were made from early 2018. Specifically, we consider the impact of this information disclosure, determining whether the companies in question restrict themselves to meeting regulatory requirements or whether they go further and voluntarily supply additional information. Our findings show that the level of regulatory compliance produced is associated with the business sector in which the company operates. We also show that the highest rates of disclosure of non-financial information correspond to companies that provide this information in the sustainability report.This research was funded by the Generalitat Valenciana, grant number AICO/2017/092.MDPI AGCentro de Investigación en Gestión de Empresas (CEGEA)Departamento de Economía y Ciencias SocialesEscuela Politécnica Superior de AlcoyGeneralitat ValencianaRepositorio Institucional de la Universitat Politècnica de València Riunet20182018-09-01journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://riunet.upv.es/handle/10251/167395reponame:RiuNet. Repositorio Institucional de la Universitat Politécnica de Valénciainstname:Universitat Politècnica de València (UPV)InglésengGeneralitat Valenciana https://doi.org/10.13039/501100003359 AICO%2F2017%2F092open accesshttp://purl.org/coar/access_right/c_abf2Reconocimiento (by)http://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:riunet.upv.es:10251/1673952026-06-13T07:49:27Z
dc.title.none.fl_str_mv Empirical Analysis of Non-Financial Reporting by Spanish Companies
title Empirical Analysis of Non-Financial Reporting by Spanish Companies
spellingShingle Empirical Analysis of Non-Financial Reporting by Spanish Companies
Sierra-García, Laura
Non-Financial information
Non-Financial report
Sustainability report
Directive 2014
95
EU
ECONOMIA FINANCIERA Y CONTABILIDAD
title_short Empirical Analysis of Non-Financial Reporting by Spanish Companies
title_full Empirical Analysis of Non-Financial Reporting by Spanish Companies
title_fullStr Empirical Analysis of Non-Financial Reporting by Spanish Companies
title_full_unstemmed Empirical Analysis of Non-Financial Reporting by Spanish Companies
title_sort Empirical Analysis of Non-Financial Reporting by Spanish Companies
dc.creator.none.fl_str_mv Sierra-García, Laura
García-Benau, María Antonia
Helena María Bollas-Araya|||0000-0001-8266-3622
author Sierra-García, Laura
author_facet Sierra-García, Laura
García-Benau, María Antonia
Helena María Bollas-Araya|||0000-0001-8266-3622
author_role author
author2 García-Benau, María Antonia
Helena María Bollas-Araya|||0000-0001-8266-3622
author2_role author
author
dc.contributor.none.fl_str_mv Centro de Investigación en Gestión de Empresas (CEGEA)
Departamento de Economía y Ciencias Sociales
Escuela Politécnica Superior de Alcoy
Generalitat Valenciana
Repositorio Institucional de la Universitat Politècnica de València Riunet
dc.subject.none.fl_str_mv Non-Financial information
Non-Financial report
Sustainability report
Directive 2014
95
EU
ECONOMIA FINANCIERA Y CONTABILIDAD
topic Non-Financial information
Non-Financial report
Sustainability report
Directive 2014
95
EU
ECONOMIA FINANCIERA Y CONTABILIDAD
description [EN] Spain is one of the European countries that is the most strongly committed to the presentation of non-financial information. In 2017, Spain adapted its legislation to Directive 2014/95/EU through Royal Decree-Law 18/2017, which required Public Interest Entities (PIEs) to provide information in accordance with the requirements of the European Union (EU) Directive, with respect to financial years from 1 January 2017. Our research is focused on Spanish IBEX-351 listed companies and seeks to identify current trends in non-financial reporting. To our knowledge, the present paper is the first study to examine the impact made in Spain by the legislative changes. Our aim is to analyse the publication of non-financial information by Spanish listed companies whose first reports in this regard were made from early 2018. Specifically, we consider the impact of this information disclosure, determining whether the companies in question restrict themselves to meeting regulatory requirements or whether they go further and voluntarily supply additional information. Our findings show that the level of regulatory compliance produced is associated with the business sector in which the company operates. We also show that the highest rates of disclosure of non-financial information correspond to companies that provide this information in the sustainability report.
publishDate 2018
dc.date.none.fl_str_mv 2018
2018-09-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://riunet.upv.es/handle/10251/167395
url https://riunet.upv.es/handle/10251/167395
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.relation.none.fl_str_mv Generalitat Valenciana https://doi.org/10.13039/501100003359 AICO%2F2017%2F092
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Reconocimiento (by)
http://creativecommons.org/licenses/by/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Reconocimiento (by)
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv MDPI AG
publisher.none.fl_str_mv MDPI AG
dc.source.none.fl_str_mv reponame:RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
instname:Universitat Politècnica de València (UPV)
instname_str Universitat Politècnica de València (UPV)
reponame_str RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
collection RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
repository.name.fl_str_mv
repository.mail.fl_str_mv
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