Purpose

The purpose of this study is to explore the underlying assumption that macroeconomic factors (legal, cultural, social, financial and/or economic) might support or constrain countries’ decisions to timely and fully transpose the Directive 2014/95/EU (EUD) on non-financial information disclosure.

Design/methodology/approach

The research design relies mainly on exploratory factors analysis, regression techniques (linear, logistic and multinomial) and additional robustness and sensitivity tests, all performed to ensure the reliability and trustworthiness of the results.

Findings

The results reveal that the directive’s transposition process is driven more by regulatory and social legitimisation forces than by economic and financial pressures. Stronger governance and weaker interests’ protection ensure appropriate compliance with new regulations, while highly educated countries express openness towards developing accounting systems that enhance information transparency.

Practical implications

The results are useful for practitioners currently engaged in the directive’s implementation process, academics interested in challenging debates concerning this topic and regulatory bodies to better support its full enactment.

Originality/value

This paper approaches the newsworthy topic of non-financial information disclosure settled by the EUD and marks an essential step towards harmonising non-financial reporting across Europe. It enriches the scientific literature through the first empirical analysis that sheds light on its explanatory drivers.

中文翻译：

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2014/95/EU 指令的转换 – 宏观经济决定因素是否影响非财务报告的协调？

目的

本研究的目的是探索宏观经济因素（法律、文化、社会、金融和/或经济）可能支持或限制各国及时和全面转换指令 2014/95/EU (EUD) 的基本假设非财务信息披露。

设计/方法/方法

研究设计主要依赖探索性因素分析、回归技术（线性、逻辑和多项式）以及额外的稳健性和敏感性测试，所有这些都是为了确保结果的可靠性和可信度。

发现

结果表明，该指令的转换过程更多地是由监管和社会合法化力量而非经济和金融压力驱动的。加强治理和较弱的利益保护确保适当遵守新规定，而受过高等教育的国家对发展提高信息透明度的会计制度持开放态度。

实际影响

结果对目前参与指令实施过程的从业者、有兴趣挑战有关该主题的辩论的学者和监管机构很有用，以更好地支持其全面实施。

原创性/价值

本文探讨了 EUD 解决的非金融信息披露的新闻价值话题，标志着朝着协调整个欧洲的非金融报告迈出的重要一步。它通过首次揭示其解释性驱动因素的实证分析丰富了科学文献。