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The role of sustainability reporting in corporate sustainability performance: an investigation into how the novel CSRD impacts corporate sustainability performance
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| 2.86 MB | Adobe PDF |
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Resumo(s)
This pioneering study investigates the impact of the Corporate Sustainability Reporting
Directive (CSRD) on corporate sustainability performance and explores the moderating role of
R&D intensity on this relationship, using a Difference-in-Difference approach. Contrary to
expectations, the CSRD negatively impacted overall ESG performance of EU-based firms
compared to US counterparts, with performance damps in social and governance dimensions
but no significant impact on environmental performance. R&D intensity did not moderate this
relationship. Policymakers are encouraged to use the insights gained to refine regulations and
adapt future framework development processes. For managers, it highlights that compliance
alone does not guarantee ESG improvements.
Descrição
Palavras-chave
CSRD ESG Sustainability reporting Regulatory impact R&D intensity DiD