IDEAS home Printed from https://ideas.repec.org/a/taf/seaccj/v36y2016i1p76-89.html
   My bibliography  Save this article

The ‘Coalition of the Unlikely’ Driving the EU Regulatory Process of Non-Financial Reporting

Author

Listed:
  • David Monciardini

Abstract

The article investigates the driving forces that have been shaping the regulatory process of the EU directive on non-financial reporting (NFR). Drawing on a three-year empirical study, it argues that the latter was driven by a ‘coalition of the unlikely’, led by a growing section of investors, together with a network of non-governmental organizations and parts of European trade unions. Rather than a formal alliance, we are witnessing the emergence of an objective convergence of interests amongst the three groups of actors, aimed at limiting managers’ power and obtaining more corporate transparency and accountability. Deploying a political economy explanatory framework, the paper originally contributes to the existing literature on EU Corporate Social Responsibility policy, focused on the cleavage between business and civil society. The role of EU regulators (the ‘Barnier-effect’) in supporting mandatory NFR and the impact of the financial crisis, seen as catalysts for changes, are also taken into account. The paper concludes discussing some implications for policy-makers and research.

Suggested Citation

  • David Monciardini, 2016. "The ‘Coalition of the Unlikely’ Driving the EU Regulatory Process of Non-Financial Reporting," Social and Environmental Accountability Journal, Taylor & Francis Journals, vol. 36(1), pages 76-89, April.
  • Handle: RePEc:taf:seaccj:v:36:y:2016:i:1:p:76-89
    DOI: 10.1080/0969160X.2016.1149302
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/0969160X.2016.1149302
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/0969160X.2016.1149302?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wangwei Lin, 2022. "Corporate Non-Financial Reporting in the UK: Diversions from the EU Sustainability Reporting Framework," Sustainability, MDPI, vol. 14(15), pages 1-18, July.
    2. Abdo, Hafez & Mangena, Musa & Needham, Graham & Hunt, David, 2018. "Disclosure of provisions for decommissioning costs in annual reports of oil and gas companies: A content analysis and stakeholder views," Accounting forum, Elsevier, vol. 42(4), pages 341-358.
    3. Andrea Venturelli & Fabio Caputo & Simona Cosma & Rossella Leopizzi & Simone Pizzi, 2017. "Directive 2014/95/EU: Are Italian Companies Already Compliant?," Sustainability, MDPI, vol. 9(8), pages 1-19, August.
    4. Suliman Alshahmy & Hafez Abdo, 2023. "Impacts of reserve and decommissioning disclosures on value and performance of oil and gas firms listed in the UK," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 20(2), pages 168-184, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:seaccj:v:36:y:2016:i:1:p:76-89. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/REAJ20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.