Mandatory Non-financial Risk-Related Disclosure Measurement Problems
This book focuses on the impact of the disclosure of non-financial risk, which could be seen as the most relevant non-financial information (NFI), in the aftermath of the 2014/95/EU Directive. The author analyses whether the switch from voluntary to manda
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Mandatory Non-financial Risk-Related Disclosure Measurement Problems and Usefulness for Investors
Mandatory Non-financial Risk-Related Disclosure
Stefania Veltri
Mandatory Non-financial Risk-Related Disclosure Measurement Problems and Usefulness for Investors
Stefania Veltri Department of Business Administration and Law University of Calabria Rende, Italy
ISBN 978-3-030-47920-6 ISBN 978-3-030-47921-3 https://doi.org/10.1007/978-3-030-47921-3
(eBook)
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Foreword
In October 2014, the European Union adopted Directive 2014/95/EU (hereafter EU Directive), which mandates companies of a certain size to draft and publish a non-financial declaration related to the disclosure of corporate non-financial information (NFI) about society and the environment, with the ultimate aim to enhance the consistency and comparability of corporate NFI disclosed throughout the EU. NFI refers to a broad range of themes and issues such as environmental and social policies, impacts, and long-term risks related to these policies, which allows stakeholders to draw a more comprehensive and realistic picture of a company. The book focuses specifically on the mandatory disclosure of non-financial (NF) risks as required by the EU Directive for listed Italian companies, investigating both the state of the art of its disclosure and its usefulness for investors. Risk disclosures are among the most important types of NFI valued by investors, and the author investigates a relevant question: whether this information is useful for investors or not, i.
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