Impact of the EU Non-Financial Reporting Directive (NFRD) on Firm Profitability: A Comparative Analysis of High- and Low-Polluting Firms
This study investigates the financial effects of the European Union’s Non-Financial Reporting Directive (NFRD), with a particular focus on whether firms’ greenhouse gas emissions influence the financial impact of these regulations. While previous research has examined the impact of ESG disclosures on financial performance, no studies have investigated whether a firm’s environmental risk, as measur
