Mandatory Non Financial Risk Related Disclosure

Author : Stefania Veltri
Publisher : Springer Nature
Page : 176 pages
File Size : 54,6 Mb
Release : 2020-07-31
Category : Business & Economics
ISBN : 9783030479213

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Mandatory Non-financial Risk-Related Disclosure by Stefania Veltri Pdf

This book focuses on the impact of the disclosure of non-financial risk, which could be seen as the most relevant non-financial information (NFI), in the aftermath of the 2014/95/EU Directive. The author analyses whether the switch from voluntary to mandatory NFI enhance the quality of disclosed NF risk-related information and the usefulness of the risk disclosure for investors. The book focuses specifically on the mandatory disclosure of non-financial (NF) risks as required by the EU Directive for listed Italian companies, investigating both the state of art of its disclosure and its usefulness for investors. In doing so, the book contributes to fill two relevant gaps in risk literature. The first research gap is related to the insufficient investigation of the disclosure of NF risks. Companies mandated to disclose risk-related information focused mainly on financial risks, in spite of the width of the definition of risk, conceived as information about any opportunity, danger, threat, or exposure that has or could impact the company in the future. The second gap is that empirical evidence about the effects of corporate risk disclosures is still limited, and the potential benefits of the disclosure of information on risks have not been fully explored. In particular, the relationship between risk disclosures and firm value is under researched, as the risk literature mainly focuses on the incentives question, related to the motives for which companies decide to disclose. The research in this book focuses on Italy, a country that provides a unique opportunity to examine the impact of mandatory NF risk disclosure on firm market value, being one of the biggest industrial European countries that had not mandatory legislation for NFI disclosure, and also one of the leading countries in voluntary corporate social responsibility (CSR) reporting at an international level. It has been carried out in the fiscal year 2017, the first year of the application of the mandatory NF disclosure for obliged Italian listed PIEs. The book contributes both to the measurement literature, as it presents a self-constructed quality NF risks and to the value relevance analysis literature, providing evidence of the usefulness of financial and non-financial risk-related disclosures in the Italian context.

Author : Lino Cinquini,Francesco De Luca
Publisher : Springer Nature
Page : 477 pages
File Size : 46,5 Mb
Release : 2022-02-18
Category : Business & Economics
ISBN : 9783030903558

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Non-financial Disclosure and Integrated Reporting by Lino Cinquini,Francesco De Luca Pdf

The increasingly crucial role of companies’ non-financial disclosure (NFD) and integrated reporting (IR) has led to a lively debate among academics, practitioners, and regulators on the approaches, framework, contents, principles, and standards that should oversee these forms of reporting. Through several expert contributions, conducted both with qualitative and quantitative methodologies, this book provides an up-to-date portrait of the debate by exploring corporate NFD either in its mandated contents or voluntary information. Contributing authors provide studies that encompass the different lines of NFD, namely non-financial risk reporting, sustainability reporting, and intellectual capital reporting, as well as the integration of financial and non-financial information through IR, the assurance of the NFD and IR through auditing activities, and the role of management and CFOs in NFD and IR.

Author : Lucrezia Songini,Anna Pistoni,Pierre Baret,Martin H. Kunc
Publisher : Emerald Group Publishing
Page : 216 pages
File Size : 47,9 Mb
Release : 2020-03-12
Category : Business & Economics
ISBN : 9781838679637

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Non-Financial Disclosure and Integrated Reporting by Lucrezia Songini,Anna Pistoni,Pierre Baret,Martin H. Kunc Pdf

For researchers and managers interested in performance measurement, this volume includes innovative research that sheds light on topics such as the determinants of disclosure quality, the identification of appropriate metrics, the relationship among the different disclosure mechanisms and between voluntary and mandatory disclosure, and many more.

Author : Olga Cucaro
Publisher : Olga Maria stefania Cucaro
Page : 255 pages
File Size : 51,8 Mb
Release : 2020-10-18
Category : Business & Economics
ISBN : 9791220211642

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The evaluation of financial risk profile of the companies and the mandatory disclosure on Liquidity and Credit Risk by Olga Cucaro Pdf

THE EVALUATION OF FINANCIAL RISK PROFILE OF THE COMPANIES AND THE MANDATORY DISCLOSURE ON LIQUIDITY AND CREDIT RISK is a work born from a careful study of the evolution of the Italian and European legislation on the subject of financial risk communication and in particular of IFRS 7, Finacial Instruments: Disclosure. Thanks to this international accounting standard, Italian listed companies have included a greater number of disclosures on financial risks in their financial statements, but while there is no doubt the quantitative increase in information, the qualitative value of this communication is doubtful. In this regard, the study analyzes the usefulness of the disclosure introduced by IFRS 7 for financial analysts. The choice of analysts is a natural choice due to the importance they hold as intermediaries in the communication channel between companies and the market.

Author : Anonim
Publisher : Lulu.com
Page : 294 pages
File Size : 44,6 Mb
Release : 2004
Category : Bank capital
ISBN : 9789291316694

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International Convergence of Capital Measurement and Capital Standards by Anonim Pdf

Author : Leonardo Martinez-Diaz,Jesse M. Keenan
Publisher : U.S. Commodity Futures Trading Commission
Page : 196 pages
File Size : 53,7 Mb
Release : 2020-09-09
Category : Science
ISBN : 9780578748412

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Managing Climate Risk in the U.S. Financial System by Leonardo Martinez-Diaz,Jesse M. Keenan Pdf

This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742

Author : Paola De Vincentiis,Francesca Culasso,Stefano A. Cerrato
Publisher : Springer
Page : 447 pages
File Size : 54,5 Mb
Release : 2019-05-23
Category : Business & Economics
ISBN : 9783030165260

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The Future of Risk Management, Volume II by Paola De Vincentiis,Francesca Culasso,Stefano A. Cerrato Pdf

With contributions presented during the Second International Risk Management Conference, this second volume addresses important areas of risk management from a variety of angles and perspectives. The book will cover two separate tracks—financial risk management and risk management and corporate strategies—and will be of interest to academic researchers and students in risk management, banking, and finance.

Author : Margaret Woods,Peter Kajüter,Philip Linsley
Publisher : CIMA Publishing
Page : 212 pages
File Size : 53,9 Mb
Release : 2008
Category : Business & Economics
ISBN : 9780750685658

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International Risk Management by Margaret Woods,Peter Kajüter,Philip Linsley Pdf

This book is very practical in its international usefulness (because current risk practice and understanding is not equal across international boundaries). For example, an accountant in Belgium would want to know what the governance regulations are in that country and what the risk issues are that he/she needs to be aware of. This book covers the international aspect of risk management systems, risk and governance, and risk and accounting. In doing so the book covers topics such as: internal control and corporate governance; risk management systems; integrating risk into performance management systems; risk and audit; governance structures; risk management of pensions; pension scheme risks e.g. hedging derivatives, longevity bonds etc; risk reporting; and the role of the accountant in risk management. There are the case studies through out the book which illustrate by way of concrete practical examples the major themes contained in the book. The book includes highly topical areas such as the Sarbanes Oxley Act and pension risk management. * provides a cross European perspective (because current practice and understanding is not equal across international boundaries) on the key issues of risk management, internal control and governance * covers the implications of Sarbanes Oxley Act for European companies and the associated risks * explains what the current risk reporting practices are and what the analysts are really looking for * looks at the key issues you need to address in order to manage your company's pension risk

Author : Simon Grima,Ercan Özen,Hakan Boz
Publisher : Emerald Group Publishing
Page : 383 pages
File Size : 55,8 Mb
Release : 2021-05-25
Category : Business & Economics
ISBN : 9781800439320

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Contemporary Issues in Social Science by Simon Grima,Ercan Özen,Hakan Boz Pdf

This international exploration on different economic systems provides a comprehensive account which brings a wide range of countries to the forefront in terms of both comparability and accountability, this study shines a light on the differences in systems between states, and provides information to equip readers to minimize those differences.

Author : Oncioiu, Ionica
Publisher : IGI Global
Page : 278 pages
File Size : 43,5 Mb
Release : 2021-06-25
Category : Business & Economics
ISBN : 9781799880714

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CSR and Management Accounting Challenges in a Time of Global Crises by Oncioiu, Ionica Pdf

Modern companies are subject to increasing pressures to conduct their business in an environmentally responsible manner due to social and environmental problems. Management of sustainable performance is one of the phenomena faced by the current business environment and, in particular, management corporations. The focus of management on profitability remains the main objective of any company, but it must also take into account the sustainability of social, economic, and environmental aspects. Under these circumstances, managerial decisions need to be adjusted and strongly substantiated, considering the information required by internal and external stakeholders, including financial reporting. The information requirements of customers and other stakeholders are steadily increasing, and some companies face certain problems in implementing the concept of sustainability and environmental reporting. CSR and Management Accounting Challenges in a Time of Global Crises is a comprehensive reference source that explores various theoretical and practical approaches of management accounting and its impact in the 21st century and investigates new accounting and financial approaches where economic and social aspects become mutually supportive to enhance their impact on community development. Covering topics such as CSR reporting, sustainability, and greenwashing, this book is an essential resource for academicians, specialty organizations, chief financial officers (CFOs), financial controllers, business analysts, financial planning and analysis (FP&A) analysts, budgeting managers, students, researchers, and business environment managers and specialists.

Author : OECD
Publisher : OECD Publishing
Page : 137 pages
File Size : 40,6 Mb
Release : 2021-09-14
Category : Electronic
ISBN : 9789264940727

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OECD Economic Surveys: Australia 2021 by OECD Pdf

The pandemic recession in 2020 was milder than in most other OECD countries, but recent outbreaks have prompted the country to begin transitioning from a zero tolerance to a containment approach to the virus. As the recovery becomes more firmly entrenched, public policy must focus on setting the conditions for another prolonged period of strong and well-distributed growth in living standards.

Author : Norbert Gittfried,Georg Lienke,Florian Seiferlein,Jannik Leiendecker,Bernhard Gehra
Publisher : Frankfurt School Verlag
Page : 374 pages
File Size : 44,6 Mb
Release : 2022-04-13
Category : Business & Economics
ISBN : 9783956471902

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Non-financial Risk Management in the Financial Industry by Norbert Gittfried,Georg Lienke,Florian Seiferlein,Jannik Leiendecker,Bernhard Gehra Pdf

Managing environment, social and governance (ESG) risk, compliance risk and non-financial risk (NFR) has become increasingly critical for businesses in the financial services industry. Furthermore, expectations by regulators are ever more demanding, while monetary sanctions are being scaled up. Accordingly, ESG, Compliance and NFR risk management requires sophistication in various aspects of a risk management system. This handbook analyses a major success factor necessary for meeting the requirements of modern risk management: an institution-specific target operating model (TOM) – integrating strategy, governance & organisation, risk management, data architecture and cultural elements to ensure maximum effectiveness. Also, institutions need to master the digital transformation for their business model to be sufficiently sustainable for the years to come. This book will offer ways on how to achieve just that. The book has been written by senior ESG, Compliance and NFR experts from key markets in Europe, the U.S. and Asia. It gives practitioners the necessary guidance to master the challenges in today's global risk environment. Each chapter covers key regulatory requirements, major implementation challenges as well as both practical solutions and examples.

Author : Marco Migliorelli,Philippe Dessertine
Publisher : Springer Nature
Page : 143 pages
File Size : 41,5 Mb
Release : 2020-09-17
Category : Business & Economics
ISBN : 9783030545307

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Sustainability and Financial Risks by Marco Migliorelli,Philippe Dessertine Pdf

Despite growing discussions on the relationship between sustainability and finance, so far little attention has been given to the relation linking sustainability-related risks and financial risks. Climate change, environmental degradation and social inequality, among others factors, may indeed have considerable adverse impacts on financial actors and markets, and even have the potential to harm financial stability. Shedding light on the importance of the nexus between sustainability and financial risks, this book addresses the need for new industry and policy approaches. With insights from a skilled set of scholars in the finance field, this edited collection explores the effects of climate risks on the banking and insurance industries, the problem of stranded assets, the possible corporate risk management frameworks that could be used to control sustainability-related risks, the role of non-financial disclosure in fostering market discipline, and the policy actions needed to integrate sustainability considerations into prudential supervision. Tackling an interdisciplinary topic, this book will appeal to academics and practitioners within the finance, business and sustainability fields.

Author : Sustainability Accounting Standards Board
Publisher : Createspace Independent Publishing Platform
Page : 0 pages
File Size : 54,8 Mb
Release : 2017-01-19
Category : Accounting
ISBN : 1542365082

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Climate Risk - Technical Bulletin by Sustainability Accounting Standards Board Pdf

SASB's Technical Bulletin on Climate Risk is designed to help investors better understand, measure and manage their exposure to climate-related risk. The research finds that climate change affects 72 out of 79 industries (93 percent of the capital markets, or $27.5 trillion) but manifests differently from one industry to the next. Due to the ubiquity of climate risk, investors can't simply diversify away from it; instead they must focus on managing it-and on encouraging portfolio companies to manage it-in all its forms. The foreword to the guide, authored by former Secretaries of the Treasury Robert Rubin and Hank Paulson, emphasizes the need for better disclosure. "If investors are to effectively evaluate climate risk, they need a far better understanding of granular, industry-specific climate impacts, with industry-specific standards by which to evaluate corporate performance on these issues. By adopting a set of industry-based market standards for disclosure, especially in SEC filings, investors will be able to accurately compare and contrast companies," they write. "This latest SASB bulletin is a good next step toward this goal, and offers for the first time a comprehensive guide to understand and measure the unique climate impacts across all industries of the economy."

Author : OECD
Publisher : OECD Publishing
Page : 95 pages
File Size : 53,8 Mb
Release : 2011-09-29
Category : Electronic
ISBN : 9789264115415

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OECD Guidelines for Multinational Enterprises, 2011 Edition by OECD Pdf

The OECD Guidelines for Multinational Enterprises are the world’s foremost, government-backed instrument for responsible business conduct. This 2011 edition includes new recommendations on human rights abuse and company responsibility for their supply chains.