Non-financial disclosure: isomorphism effect in the face of new regulation

Álvarez-Etxeberria, Igor ; Marco-Fondevila, Miguel (Universidad de Zaragoza) ; Zamora-Ramírez, Constancio

Resumen: The purpose of this paper is to study the mimetic isomorphism process among firms in a context of expectations of further non-financial disclosure regulation. From the new institutionalism theory approach, we study the effect that the 2014/95/EU Directive transposition into the Spanish law had on 120 companies over an eight-year period and the isomorphism determined by their activity and leadership in reporting before (expectations period) and after the law enactment. Before the law, a trend to increase disclosure was observed, especially among environmentally sensible sectors and low-level reporting firms, while afterwards, the trend was reversed except for leading companies, highlighting the prevalence of the mimetic and normative isomorphism. This work deepens understanding of the adoption processes of coercive norms based on mimetic behaviors and coercive isomorphisms and helps in predicting the effect of a given norm after its announcement and approval, supporting more efficient designs for future legislation.

Idioma: Inglés

DOI: 10.3390/su15118493

Año: 2023

Publicado en: Sustainability (Switzerland) 15, 11 (2023), 8493 [22 pp.]
ISSN: 2071-1050

Factor impacto JCR: 3.3 (2023)

Categ. JCR: ENVIRONMENTAL SCIENCES rank: 159 / 358 = 0.444 (2023) - Q2 - T2
Categ. JCR: ENVIRONMENTAL STUDIES rank: 66 / 182 = 0.363 (2023) - Q2 - T2
Categ. JCR: GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY rank: 58 / 91 = 0.637 (2023) - Q3 - T2
Categ. JCR: GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY rank: 58 / 91 = 0.637 (2023) - Q3 - T2

Factor impacto CITESCORE: 6.8 - Computer Networks and Communications (Q1) - Management, Monitoring, Policy and Law (Q1) - Computer Science (miscellaneous) (Q1) - Environmental Science (miscellaneous) (Q1) - Geography, Planning and Development (Q1) - Renewable Energy, Sustainability and the Environment (Q2) - Energy Engineering and Power Technology (Q2) - Hardware and Architecture (Q2)

Factor impacto SCIMAGO: 0.672 - Geography, Planning and Development (Q1) - Energy Engineering and Power Technology (Q2) - Environmental Science (miscellaneous) (Q2) - Renewable Energy, Sustainability and the Environment (Q2) - Hardware and Architecture (Q2) - Management, Monitoring, Policy and Law (Q2) - Computer Networks and Communications (Q2)

Tipo y forma: Article (Published version)

Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)