This study investigates IC disclosure reported by Italian listed companies before and after the introduction of the European Directive, with the aim to evaluate the effects of the new regulation on companies’ IC disclosure practices in their management reports. The European Directive has been transposed into Italian legislation by the Legislative Decree 254/2016 with no significant differences. Before this Legislative Decree, IC disclosure in Italy was mainly voluntary, as only few general requirements, included in the article 2428 of the Italian Civil Code, regulated non-financial disclosure in management reports. This makes Italy an interesting setting for this analysis. This study focuses on the FTSE MIB 40 Index, which includes the largest public listed companies. Due to the mainly narrative nature of IC disclosure, the analysis is based on a manual content analysis. To this extent, we develop a specific coding framework to examine IC disclosure in the pre- (2016) and post- (2017) Legislative Decree application. Our explanatory analysis is a first attempt to evaluate the effects of the new regulation introduced by the European Directive on IC disclosure in management reports. Furthermore, our analysis enriches the debate about the regulation of non-financial disclosure, with a specific focus on IC disclosure.

The Intellectual Capital Disclosure in the Management Report Before and After the European Directive 95/2014 in Italy / Michela Cordazzo; Laura Bini; Lucia Marsura. - ELETTRONICO. - (2022), pp. 203-217.

The Intellectual Capital Disclosure in the Management Report Before and After the European Directive 95/2014 in Italy

Laura Bini
;
2022

Abstract

This study investigates IC disclosure reported by Italian listed companies before and after the introduction of the European Directive, with the aim to evaluate the effects of the new regulation on companies’ IC disclosure practices in their management reports. The European Directive has been transposed into Italian legislation by the Legislative Decree 254/2016 with no significant differences. Before this Legislative Decree, IC disclosure in Italy was mainly voluntary, as only few general requirements, included in the article 2428 of the Italian Civil Code, regulated non-financial disclosure in management reports. This makes Italy an interesting setting for this analysis. This study focuses on the FTSE MIB 40 Index, which includes the largest public listed companies. Due to the mainly narrative nature of IC disclosure, the analysis is based on a manual content analysis. To this extent, we develop a specific coding framework to examine IC disclosure in the pre- (2016) and post- (2017) Legislative Decree application. Our explanatory analysis is a first attempt to evaluate the effects of the new regulation introduced by the European Directive on IC disclosure in management reports. Furthermore, our analysis enriches the debate about the regulation of non-financial disclosure, with a specific focus on IC disclosure.
2022
978-3-030-90354-1
978-3-030-90355-8
Non-financial Disclosure and Integrated Reporting. Theoretical Framework and Empirical Evidence
203
217
Michela Cordazzo; Laura Bini; Lucia Marsura
File in questo prodotto:
File Dimensione Formato  
Bini-Cordazzo-Marsura SIDREA22 collettanea.pdf

Accesso chiuso

Descrizione: Contributo completo
Tipologia: Pdf editoriale (Version of record)
Licenza: Tutti i diritti riservati
Dimensione 241.98 kB
Formato Adobe PDF
241.98 kB Adobe PDF   Richiedi una copia

I documenti in FLORE sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificatore per citare o creare un link a questa risorsa: https://hdl.handle.net/2158/1267801
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact