Disclosure regulation can reshape how stakeholders monitor corporate conduct. Examining the EU’s Non-Financial Reporting Directive, the authors show that government orchestration increases stakeholder accusations by creating a transparency dynamic. The findings also reveal a shift in the relationship between CSR reporting and stakeholder accusations: under disclosure regulation, CSR may no longer act as a buffer and can instead produce a “backfire effect”.
Authors and affiliations:
● Julia Bartosch (Radboud University Nijmegen)
● Emma Avetisyan (Audencia Business School)
● Philipp A. Thompson (Freie Universität Berlin)
