Titolo Corporate social responsibility disclosure Periodico Financial reporting Anno: 2024 - Fascicolo: 1 - Pagina iniziale: 127 - Pagina finale: 157
Purpose: the demand for firms to disclose their corporate social responsibility (CSR) activities has risen steeply over the last two decades, pushing many jurisdic-tions to implement mandatory non-financial reporting. We exploit the European non-financial reporting directive (NFRD) to study how companies change their cash management policies in response to additional mandatory CSR disclosure requirements.