@article{raska2021nonfinancial,
  title = {Non-Financial Policy Disclosure by Polish Listed Companies:  The Impact of Directive 2014/95/EU},
  author = {Ewa RÓŻAŃSKA and Łukasz MATUSZAK},
  year = 2021,
  url = {https://ibimapublishing.com/p-articles/37FINACC/2021/37161921/},
  journal = {Communications of International Proceedings},
  volume = 2021 (17),
  abstract = { 
Purpose: The purpose of this study is to investigate both the extent of non-financial policy disclosure and its determinants that refer to regulatory changes as well as to skills and competencies of companies in sustainability reporting.
Design/methodology/approach: The sample comprised 71 selected Polish listed companies subject to the Directive 2014/95/EU over 6 years. Content analysis was used to measure the extent of policy-related disclosure. The econometric model was estimated using panel fixed effects.
Findings: The extent of non-financial policy disclosure is significantly better than before the implementation of the Directive. Furthermore, we found that the Directive enforcement, company experience in sustainability reporting and company membership in a risky industry are significant determinants of non-financial policy-related disclosure.
Originality: Our study enriches the literature on non-financial disclosure by providing self-constructed non-financial policy disclosure index based on requirements of the Directive 2014/95/EU. It also contributes to the understanding of the role of relevant variables in non-financial policy-related disclosure in voluntary and mandatory context.},
  keywords = {non-financial policy disclosure; ESG-related policy disclosure; sustainability policy disclosure; environmental policy disclosure; social policy disclosure; Directive 2014/95/EU},
  note = Article ID: 37161921
}