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Nonfinancial risk disclosure: The “state of the art” of Italian companies

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  • Rossella Leopizzi
  • Antonio Iazzi
  • Andrea Venturelli
  • Salvatore Principale

Abstract

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.

Suggested Citation

  • Rossella Leopizzi & Antonio Iazzi & Andrea Venturelli & Salvatore Principale, 2020. "Nonfinancial risk disclosure: The “state of the art” of Italian companies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(1), pages 358-368, January.
    • Handle: RePEc:wly:corsem:v:27:y:2020:i:1:p:358-368
    DOI: 10.1002/csr.1810
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    References listed on IDEAS

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