The relationship between sustainability performance and sustainability disclosure remains ambiguous, both theoretically and empirically. Voluntary disclosure theory would suggest that the relationship should be positive, whereas legitimacy theory points toward a negative relationship. However,...

Die EU-Kommission strebt strengere Anforderungen an die Nachhaltigkeitsberichterstattung an. Zudem wird eine weitaus gröe︣re Zahl an Unternehmen von der Berichtspflicht betroffen sein. Bislang finden in der Praxis der Unternehmensberichterstattung diverse Rahmenwerke Verwendung. Auch die...

Die Berichterstattung ueber nichtfinanzielle Informationen gewinnt immer mehr an Bedeutung. Immer mehr Stakeholder haben ein groeßeres Interesse an nicht finanziellen Informationen, um damit einen tieferen Einblick in die oekologischen und sozialen Handlungen der Unternehmen zu erlangen. Diesen...

We examine the transition to mandatory corporate social responsibility (CSR) reporting by large European listed companies around Directive 2014/95/EU. The new Directive defines quality reporting principles establishing minimum topic coverage and setting the same rules for all member states....

This study examines how firm value (measured via stock prices) is related to corporate social responsibility (CSR) disclosure and how the institutional environment influences this relationship. To test our hypotheses, we apply textual analysis to our data on firms listed in the STOXX Europe 600...

In Western Europe, corporate (social) responsibility (CR) has become a popular concept that no major company can afford to ignore. However, what about the major companies from the new Central-Eastern Europe (CEE) Member States? The present paper is one of the first attempts to analyse the...

As a response to a growing demand for sustainability-related information, companies are expanding and improving their non-financial disclosure. Moreover, both investors and regulators are becoming increasingly aware of how relevant the circular economy (CE) is to deliver on sustainable...

We introduce a machine learning approach to quantify the thematic content of climate reporting in annual reports and use this to analyze firms’ climate reporting practices in the context of the widespread European Non-Financial Reporting Directive. We finetune ClimateBert to identify climate...