Mandatory non-financial reporting in the banking industry: assessing reporting quality and determinants

References

• Abott, W. F., & Monsen, R. J. (1979). On the measurement of corporate social responsibility: self-reported disclosures as a method of measuring corporate social involvement. The Academy of Management Journal, 22(2), 501–24 https://doi.org/10.2307/255740.
   Google Scholar
• Accounting Standards Committee of Germany. (2021). CSR-Studie: Abschlussbericht zur vom BMJV beauftragten Horizontalstudie sowie zu Handlungsempfehlungen für die Überarbeitung der CSR-Richtlinie. Retrieved May 12, 2021 from https://www.bmjv.de/SharedDocs/Downloads/DE/PDF/Berichte/2021_CSR_Studie.pdf?__blob=publicationFile&v=2
   Google Scholar
• Adams, C. A., Hill, W.-Y., & Roberts, C. B. (1998). Corporate social reporting practices in Western Europe: legitimating corporate behaviour? The British Accounting Review, 30(1), 1–21. https://doi.org/10.1006/bare.1997.0060
   Google Scholar
• Akisik, O., & Gal, G. (2011). Sustainability in businesses, corporate social responsibility, and accounting standards: An empirical study. International Journal of Accounting and Information Management, 19(3), 304–324. https://doi.org/10.1108/18347641111169287
   Google Scholar
• Albertini, E. (2014). A descriptive analysis of environmental disclosure: a longitudinal study of French Companies. Journal of Business Ethics, 121(2), 233–254. https://doi.org/10.1007/s10551-013-1698-y
   Web of Science ®Google Scholar
• Balluchi, F., Lazzini, A., & Torelli, R. (2021). Credibility of environmental issues in non-financial mandatory disclosure: measurement and determinants. Journal of Cleaner Production, 288, 125744. https://doi.org/10.1016/j.jclepro.2020.125744
   Web of Science ®Google Scholar
• Becker, C. L., Defond, M. L., Jiambalvo, J., & Subramanyam, K. R. (1998). The effect of audit quality on earnings management. Contemporary Accounting Research, 15(1), 1–24. https://doi.org/10.1111/j.1911-3846.1998.tb00547.x
   Google Scholar
• Belkaoui, A., & Karpik, P. G. (1989). Determinants of the corporate decision to disclose social information. Accounting, Auditing, and Accountability Journal, 2(1), 36–51. https://doi.org/10.1108/09513578910132240
   Google Scholar
• Beretta, S., & Bozzolan, S. (2008). Quality versus quantity: the case of forward-looking disclosure. Journal of Accounting, Auditing & Finance, 23(3), 333–376. https://doi.org/10.1177/0148558X0802300304
   Google Scholar
• Branco, M. C., & Rodrigues, L. L. (2006). Communication of corporate social responsibility by Portuguese banks: A legitimacy theory perspective. Corporate Communications: An International Journal, 11(3), 232–248. https://doi.org/10.1108/13563280610680821
   Google Scholar
• Brown, J. R., Falaschetti, D., & Orlando, M. J. (2010). Auditor Independence and the quality of information in financial disclosures: evidence for market discipline versus sarbanes–oxley proscriptions. American Law and Economics Review, 12(1), 39–68. https://doi.org/10.1093/aler/ahp014
   Web of Science ®Google Scholar
• Bubna-Litic, K. (2008). Environmental reporting as a communications tool: a question of enforcement? Journal of Environmental Law, 20(1), 69–85. https://doi.org/10.1093/jel/eqm038
   Web of Science ®Google Scholar
• Bundestag. (2016). Entwurf Eines Gesetzes Zur Stärkung Der Nichtfinanziellen Berichterstattung Der Unternehmen in Ihren Lage- Und Konzernlageberichten (CSR-Richtlinie-Umsetzungsgesetz). Retrieved July 6, 2021 from https://dserver.bundestag.de/btd/18/099/1809982.pdf
   Google Scholar
• Bundestag. (2017), Gesetz Zur Stärkung Der Nichtfinanziellen Berichterstattung Der Unternehmen in Ihren Lage- Und Konzernlageberichten (CSR-Richtlinie-Umsetzungsgesetz). Retrieved July 2, 2021 from https://www.bgbl.de/xaver/bgbl/start.xav?startbk=Bundesanzeiger_BGBl&start=//*%5b@attr_id=%27bgbl117s0802.pdf%27%5d#__bgbl__%2F%2F*%5B%40attr_id%3D%27bgbl117s0802.pdf%27%5D__1618840618613
   Google Scholar
• Carini, C., Rocca, L., Veniziani, M., & Teodori, C. (2018). Ex-Ante impact assessment of sustainability information–the directive 2014/95. Sustainability, 10(2), 1–24. https://doi.org/10.3390/su10020560
   Web of Science ®Google Scholar
• Carroll, C. E., & Olegario, R. (2020). Pathways to corporate accountability: corporate reputation and its alternatives. Journal of Business Ethics, 163(2), 173–181. https://doi.org/10.1007/s10551-019-04228-2
   Web of Science ®Google Scholar
• Carungu, J., Di Pietra, R., & Molinari, M. (2020). Mandatory vs voluntary exercise on non-financial reporting: Does a normative/coercive isomorphism facilitate an increase in quality? Meditari Accountancy Research, 29(3), 449–476 . . https://doi.org/10.1108/MEDAR-08-2019-0540
   Web of Science ®Google Scholar
• Chatterjee, S., & Hadi, A. S. (2013). Regression analysis by example (5th ed.). John Wiley & Sons.
   Google Scholar
• Chauvey, J.-N., Giordano-Spring, S., Cho, C. H., & Patten, D. (2015). The normativity and legitimacy of CSR disclosure: evidence from France. Journal of Business Ethics, 130(4), 789–803. https://doi.org/10.1007/s10551-014-2114-y
   Web of Science ®Google Scholar
• Chen, J. C., Patten, D. M., & Roberts, R. W. (2008). Corporate charitable contributions: A corporate social performance or legitimacy strategy. Journal of Business Ethics, 82(1), 131–144. https://doi.org/10.1007/s10551-007-9567-1
   Web of Science ®Google Scholar
• Coombs, T. W., & Holladay, S. J. (2013). The pseudo-panopticon: The illsuion created by CSR-related transparency and the internet. Corporate Communications: An International Journal, 18(2), 212–227. https://doi.org/10.1108/13563281311319490
   Google Scholar
• Cormier, D., Magnan, M., & Van Velthoven, B. (2005). Environmental disclosure quality in large German companies: economic incentives, public pressures or institutional conditions? European Accounting Review, 14(1), 3–39. https://doi.org/10.1080/0963818042000339617
   Google Scholar
• Dando, N., & Swift, T. (2003). Transparency and assurance minding the credibility gap. Journal of Business Ethics, 44(2), 195–200. https://doi.org/10.1023/A:1023351816790
   Web of Science ®Google Scholar
• Daub, C.-H. (2007). Assessing the quality of sustainability reporting: an alternative methodological approach. Journal of Cleaner Production, 15(1), 75–85. https://doi.org/10.1016/j.jclepro.2005.08.013
   Web of Science ®Google Scholar
• Deegan, C. (2002). The legitimising effect of social and environmental disclosures – A theoretical foundation. Accounting, Auditing & Accountability Journal, 15(3), 282–311. https://doi.org/10.1108/09513570210435852
   Google Scholar
• Dhaliwal, D. S., Li, O. Z., Tsang, A., & Yang, Y. G. (2011). Voluntary nonfinancial disclosure and the cost of equity capital: the initiation of corporate social responsibility reporting. The Accounting Review, 86(1), 59–100. https://doi.org/10.2308/accr.00000005
   Web of Science ®Google Scholar
• Dienes, D., Sassen, R., & Fischer, J. (2016). What are the drivers of sustainability reporting? A systematic review. Sustainability Accounting, Management and Policy Journal, 7(2), 154–189. https://doi.org/10.1108/SAMPJ-08-2014-0050
   Web of Science ®Google Scholar
• DiMaggio, P. J., & Powell, W. W. (1983). The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American Sociological Review, 48(2), 147–160. https://doi.org/10.2307/2095101
   Web of Science ®Google Scholar
• Dowling, J., & Pfeffer, J. (1975). Organizational legitimacy: social values and organizational behaviour. Pacific Sociological Review, 18(1), 122–136. https://doi.org/10.2307/1388226
   Google Scholar
• Dumay, J. C. (2016). A critical reflection on the future of intellectual capital: From reporting to disclosure. Journal of Intellectual Capital, 17(1), 168–184. https://doi.org/10.1108/JIC-08-2015-0072
   Web of Science ®Google Scholar
• Dumay, J., Frost, G., & Beck, C. (2015). Material legitimacy: Blending organisational and stakeholder concerns through non-financial information disclosures. Journal of Accounting & Organizational Change, 11(1), 2–23. https://doi.org/10.1108/JAOC-06-2013-0057
   Web of Science ®Google Scholar
• Dumitru, M., Dyduch, J., Gușe, R.-G., & Krasodomska, J. (2017). Corporate reporting practices in Poland and Romania – an ex-ante study to the new nonfinancial reporting European directive. Accounting in Europe, 14(3), 279–304 https://doi.org/10.1080/17449480.2017.1378427.
   Web of Science ®Google Scholar
• Dyduch, J., & Krasodomska, J. (2017). Determinants of corporate social responsibility disclosure: an empirical study of polish listed companies. Sustainability, 9(11), 1–24. https://doi.org/10.3390/su9111934
   Web of Science ®Google Scholar
• Einwiller, S. A., & Carroll, C. E. (2020). Negative disclosures in corporate social responsibility reporting. Corporate Communications: An International Journal, 25(2), 319–337. https://doi.org/10.1108/CCIJ-05-2019-0054
   Google Scholar
• European Commission. (2011). Communication from the commission to the European Parliament, the council, the European economic and social committee and the committee of the regions - A renewed EU strategy 2011–14 for corporate social responsibility. Retrieved August 16, 2020, from https://op.europa.eu/en/publication-detail/-/publication/ae5ada03-0dc3-48f8-9a32-0460e65ba7ed
   Google Scholar
• Eurostat. (2020). The European economy since the start of the millennium: A statistical portrait - data 2000–2019. Retrieved September 23, 2020, from. https://ec.europa.eu/eurostat/cache/digpub/european_economy/index.html?lang=en
   Google Scholar
• Field, A. (2018). Discovering Statistics Using IBM SPSS Statistics (5th ed.). SAGE.
   Google Scholar
• Gray, R., & Herremans, I. M. (2012). Sustainability and social responsibility reporting and the emergence of the external social audits: the struggle for accountability? In P. Bansal & A. J. Hoffman (Eds.), Oxford Handbook of Business and the Environment (pp. 405–424). Oxford University Press.
   Google Scholar
• Gulenko, M. (2018). Mandatory CSR reporting - literature review and future development in Germany. Sustainability Management Forum, 26(1–4), 3–17 https://doi.org/10.1007/s11142-021-09609-5.
   Google Scholar
• Habek, P., & Wolniak, R. (2016). Assessing the quality of corporate social responsibility reports: The case of reporting practices in selected European union member states. Quality & Quantity, 50(1), 399–420. https://doi.org/10.1007/s11135-014-0155-z
   PubMedGoogle Scholar
• Hahn, R., & Kühnen, M. (2013). Determinants of sustainability reporting: A review of results, trends, and opportunities in an expanding field of research. Journal of Cleaner Production, 59, 5–21. https://doi.org/10.1016/j.jclepro.2013.07.005
   Web of Science ®Google Scholar
• Haller, A., Link, M., & Groß, T. (2017). The term ‘non-financial information’ – A semantic analysis of a key feature of current and future corporate reporting. Accounting in Europe, 14(3), 407–429. https://doi.org/10.1080/17449480.2017.1374548
   Web of Science ®Google Scholar
• Hasseldine, J., Salama, A., & Toms, S. (2005). Quantity versus quality: the impact of environmental disclosures on the reputations of UK PLCs. The British Accounting Review, 37(2), 231–248. https://doi.org/10.1016/j.bar.2004.10.003
   Google Scholar
• Helfaya, A., Whittington, M., & Alawattage, C. (2019). Exploring the quality of corporate environmental reporting: surveying preparers’ and users’ perceptions. Accounting, Auditing & Accountability Journal, 32(1), 163–193. https://doi.org/10.1108/AAAJ-04-2015-2023
   Web of Science ®Google Scholar
• Herzig, C., & Moon, J. (2013). Discourses on corporate social ir/responsibility in the financial sector. Journal of Business Research, 66(10), 1870–1880. https://doi.org/10.1016/j.jbusres.2013.02.008
   Web of Science ®Google Scholar
• Hess, D. (2008). The three pillars of corporate social reporting as new governance regulation: disclosure, dialogue, and development. Business Ethics Quarterly, 18(4), 447–482. https://doi.org/10.5840/beq200818434
   Web of Science ®Google Scholar
• Hoffmann, E., Dietsche, C., & Hobelsberger, C. (2018). Between mandatory and voluntary: Non-financial reporting by German companies. Sustainability Management Forum, 26(1–4), 47–63 https://doi.org/10.1007/s00550-018-0479-6.
   Google Scholar
• Hooghiemstra, R. (2000). Corporate communication and impression management – new perspectives why companies engage in corporate social reporting. Journal of Business Ethics, 27(1), 55–68. https://doi.org/10.1023/A:1006400707757
   Web of Science ®Google Scholar
• Husillos, J., Larrinaga González, C., & Álvarez Gil, M. J. (2011). The emergence of triple bottom line reporting in Spain. Spanish Journal of Finance and Accounting, 40(150), 195–219 https://www.jstor.org/stable/42782752.
   Google Scholar
• IÖW. (2019). Monitoring der Nicht-Finanziellen Berichterstattung: Befunde und Beobachtungen nach dem ersten Zyklus der CSR-Berichtsplficht in Deutschland. Retrieved September 27, 2020 from https://www.ranking-nachhaltigkeitsberichte.de/fileadmin/ranking/user_upload/2018/Monitoring_der_nichtfinanziellen_Berichterstattung.pdf
   Google Scholar
• Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X
   Web of Science ®Google Scholar
• Kaur, A., & Lodhia, S. (2018). Stakeholder engagement in sustainability accounting and reporting A study of Australian local councils. Accounting, Auditing & Accountability Journal, 31(1), 338–368. https://doi.org/10.1108/AAAJ-12-2014-1901
   Web of Science ®Google Scholar
• Khan, H.-U.-Z. M. (2010). The effect of corporate governance elements on corporate social responsibility (CSR) reporting: Empirical evidence from private commercial banks of Bangladesh. International Journal of Law and Management, 52(2), 82–109. https://doi.org/10.1108/17542431011029406
   Google Scholar
• Khan, M., Hassan, A., Harrison, C., & Tarbert, H. (2020). CSR reporting: A review of research and agenda for future research. Management Research Review, 43(11), 1395–1419. https://doi.org/10.1108/MRR-02-2019-0073
   Web of Science ®Google Scholar
• Kiliç, M., Kuzey, C., & Uyar, A. (2015). The impact of ownership and board structure on corporate social responsibility (CSR) reporting in the Turkish banking industry. Corporate Governance, 15(3), 357–374. https://doi.org/10.1108/CG-02-2014-0022
   Web of Science ®Google Scholar
• Korca, B., & Costa, E. (2021). Directive 2014/95/EU: Building a research agenda. Journal of Applied Accounting Research, 22(3), 401–422. https://doi.org/10.1108/JAAR-05-2020-0085
   Web of Science ®Google Scholar
• KPMG. (2020). The time has come: The KPMG Survey of Sustainability Reporting 2020. https://assets.kpmg/content/dam/kpmg/xx/pdf/2020/11/the-time-has-come.pdf
   Google Scholar
• Krippendorf, K. (2019). Content analysis: an introduction to its methodology (4th ed.). SAGE.
   Google Scholar
• Kuzey, C., & Uyar, A. (2017). Determinants of sustainability reporting and its impact on firm value: evidence from the emerging market of Turkey. Journal of Cleaner Production, 143, 27–39. https://doi.org/10.1016/j.jclepro.2016.12.153
   Web of Science ®Google Scholar
• La Torre, M., Sabelfled, S., Blomkvist, M., Tarquinio, L., & Dumay, J. (2018). Harmonising non-financial reporting regulation in Europe: practical forces and projections for future research. Meditari Accountancy Research, 26(4), 598–621. https://doi.org/10.1108/MEDAR-02-2018-0290
   Web of Science ®Google Scholar
• Lantos, G. P. (2001). The boundaries of strategic corporate social responsibility. Journal of Consumer Marketing, 18(7), 595–632. https://doi.org/10.1108/07363760110410281
   Google Scholar
• Lindblom, C. K. (1994), “The implications of organizational legitimacy for corporate social performance and disclosure”, Critical perspectives on accounting conference, New York.
   Google Scholar
• Lock, I., & Seele, P. (2016). The credibility of CSR (corporate social responsibility) reports in Europe. evidence from a quantitative content analysis in 11 Countries. Journal of Cleaner Production, 122(3), 186–200. https://doi.org/10.1016/j.jclepro.2016.02.060
   Web of Science ®Google Scholar
• Lock, I., & Seele, P. (2017). Measuring credibility perceptions in CSR communication: a scale development to test readers’ perceived credibility of CSR reports. Management Communication Quarterly, 31(4), 584–613. https://doi.org/10.1177/0893318917707592
   PubMed Web of Science ®Google Scholar
• Mahoney, L. S., Thorne, L., Cecil, L., & LaGore, W. (2013). A research note on standalone corporate social responsibility reports: signaling or greenwashing? Critical Perspectives on Accounting, 24(4–5), 350–359. https://doi.org/10.1016/j.cpa.2012.09.008
   Web of Science ®Google Scholar
• Martínez, J. B., López Fernández, M., & Romero Fernández, P. M. (2016). Corporate social responsibility: evolution through institutional and stakeholder perspectives. European Journal of Management and Business Economic, 25(1), 8–14. https://doi.org/10.1016/j.redee.2015.11.002
   Web of Science ®Google Scholar
• Matuszak, Ł., & Rózańska, E. (2017). CSR disclosure in polish-listed companies in the light of directive 2014/95/EU requirements: empirical evidence. Sustainability, 9(12), 1–18. https://doi.org/10.3390/su9122304
   Web of Science ®Google Scholar
• Meyer, J. W., & Rowan, B. (1977). Institutionalized organizations: formal structure as myth and Ceremony. American Journal of Sociology, 83(2), 340–363. https://doi.org/10.1086/226550
   Web of Science ®Google Scholar
• Michelon, G., Pilonato, S., & Ricceri, F. (2015). CSR reporting practices and the quality of disclosure: an empirical analysis. Critical Perspectives on Accounting, 33(1), 59–78. https://doi.org/10.1016/j.cpa.2014.10.003
   Web of Science ®Google Scholar
• Milne, M. J., & Adler, R. W. (1999). Exploring the reliability of social and environmental disclosures content analysis. Accounting, Auditing & Accountability Journal, 12(2), 237–256. https://doi.org/10.1108/09513579910270138
   Google Scholar
• Mion, G., & Loza Adaui, C. R. (2019). Mandatory nonfinancial disclosure and its consequences on the sustainability reporting quality of Italian and German companies. Sustainability, 11(17), 1–28. https://doi.org/10.3390/su11174612
   Web of Science ®Google Scholar
• Mishra, S., & Modi, S. B. (2013). Positive and negative corporate social responsibility, financial leverage, and idiosyncratic risk. Journal of Business Ethics, 117(2), 431–448. https://doi.org/10.1007/s10551-012-1526-9
   Web of Science ®Google Scholar
• Neu, D., Warsame, H. A., & Pedwell, K. (1998). Managing public impressions: environmental disclosures in annual reports. Accounting, Organizations and Society, 23(3), 265–282. https://doi.org/10.1016/S0361-3682(97)00008-1
   Web of Science ®Google Scholar
• Oliver, C. (1991). Strategic responses to institutional processes. The Academy of Management Review, 15(1), 145–170. https://doi.org/10.2307/258610
   Web of Science ®Google Scholar
• Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003). Corporate social and financial performance: a meta-analysis. Organization Studies, 24(3), 403–411. https://doi.org/10.1177/0170840603024003910
   Web of Science ®Google Scholar
• Owen, D. L., Swift, T. A., Humphrey, C., & Bowerman, M. (2000). The new social audits: Accountability, managerial capture or the agenda of social champions? European Accounting Review, 9(1), 81–98. https://doi.org/10.1080/096381800407950
   Google Scholar
• Patten, D. M. (1991). Exposure, legitimacy, and social disclosure. Journal of Accounting and Public Policy, 10(4), 297–308. https://doi.org/10.1016/0278-4254(91)90003-3
   Web of Science ®Google Scholar
• Pesaran, M. H. (2004), “General diagnostic tests for cross section dependence in panels”, Cambridge Working Paper in Economics 0435 https://www.repository.cam.ac.uk/bitstream/handle/1810/446/cwpe0435.pdf?sequence=1&isAllowed=y.
   Google Scholar
• Porter, M. E., & Kramer, M. R. (2006). Strategy and society: the link between competitive advantage and corporate social responsibility. Harvard Business Review, 84(12), 78–92 https://hbr.org/2006/12/strategy-and-society-the-link-between-competitive-advantage-and-corporate-social-responsibility.
   PubMed Web of Science ®Google Scholar
• Research Consult, Z. (2020), CSR-Auswertung Deutscher Banken. CSR-Auswertung Deutscher Banken. Retrieved June 3, 2021 from https://www.zielke-rc.eu/csr-reports-banken-de/
   Google Scholar
• Reverte, C. (2009). Determinants of corporate social responsibility disclosure ratings by Spanish listed firms. Journal of Business Ethics, 88(2), 351–366. https://doi.org/10.1007/s10551-008-9968-9
   Web of Science ®Google Scholar
• Ruhnke, K., & Gabriel, A. (2013). Determinants of voluntary assurance on sustainability reports: An empirical analysis. Journal of Business Economics, 83(9), 1063–1091. https://doi.org/10.1007/s11573-013-0686-0
   Google Scholar
• Schaltegger, S. (1997). Information costs, quality of information and stakeholder involvement – The necessity of international standards of ecological accounting. Eco-Management and Auditing, 4(3), 87–97. https://doi.org/10.1002/(SICI)1099-0925(199711)4:3<87::AID-EMA70>3.0.CO;2-Z
   Google Scholar
• Sethi, P. S., Rovenpor, J. L., & Demir, M. (2017). Enhancing the quality of reporting in corporate social responsibility guidance documents: the roles of ISO 26000, global reporting initiative and CSR-sustainability monitor. Business and Society Review, 122(2), 139–163. https://doi.org/10.1111/basr.12113
   Web of Science ®Google Scholar
• Skouloudis, A., Konstantinos, E., & Fotis, K. (2009). Development of an evaluation methodology for triple bottom line reports using international standards on reporting. Environmental Management, 44(2), 298–311. https://doi.org/10.1007/s00267-009-9305-9
   PubMed Web of Science ®Google Scholar
• Stolowy, H., & Paugam, L. (2018). The expansion of non-financial reporting: An exploratory study. Accounting and Business Research, 48(5), 525–548. https://doi.org/10.1080/00014788.2018.1470141
   Web of Science ®Google Scholar
• Suchman, M. C. (1995). Managing legitimacy: strategic and institutional approaches. The Academy of Management Review, 20(3), 571–610. https://doi.org/10.2307/258788
   Web of Science ®Google Scholar
• Tarquinio, L., Posadas, S. C., & Pedicone, D. Scoring nonfinancial information reporting in Italian listed companies: A comparison of before and after the legislative decree 254/2016. (2020). Sustainability, 12(10), 4158. https://doi.org/10.3390/su12104158
   Web of Science ®Google Scholar
• Tavakol, M., & Dennick, R. (2011). Making sense of Cronbach’s alpha. International Journal of Medical Education, 2, 53–55. https://doi.org/10.5116/ijme.4dfb.8dfd
   PubMedGoogle Scholar
• Velte, P., & Stawinoga, M. (2016). Prüfung von Nachhaltigkeitsberichten: Mögliche Implikationen für die handelsrechtliche Umsetzung der ‘EU-CSR-Richtlinie’ bei der nichtfinanziellen Erklärung vor dem Hintergrund internationaler Forschungsergebnisse. Der Konzern, 14(1), 13–19.
   Google Scholar
• Waddock, S., & Graves, S. B. (1997). The corporate social performance-financial performance link. Strategic Management Journal, 18(4), 303–319. https://doi.org/10.1002/(SICI)1097-0266(199704)18:4<303::AID-SMJ869>3.0.CO;2-G
   Web of Science ®Google Scholar
• Woodward, D. G., Edwards, P., & Birkin, F. (1996). Organizational legitimacy and stakeholder information provisions. British Journal of Management, 7(4), 329–347. https://doi.org/10.1111/j.1467-8551.1996.tb00123.x
   Google Scholar
• Wooldridge, J. M. (2010). Econometric Analysis of Cross Section and Panel Data (2nd ed.). MIT Press.
   Google Scholar
• Zarzycka, E., & Krasodomska, J. (2021). Non-financial key performance indicators: What determines the differences in the quality and quantity of the disclosures? Journal of Applied Accounting Research, 23(1), 139–162 . . https://doi.org/10.1108/JAAR-02-2021-0036
   Web of Science ®Google Scholar