Driving Sustainable Growth: The Corporate Sustainability Due Diligence Directive as a Catalyst (CSDDD) for Public Administration Reform and Corporate Accountability in the European Green Deal

2024-12-10T08:45:34+00:00

The European Union (EU) has enacted a comprehensive set of sustainable finance laws, including
the Sustainable Finance Disclosure Regulation (SFDR), the Taxonomy Regulation, and the Corporate
Sustainability Due Diligence Directive (CSDDD) (Savourey & Litwin, 2024). This study explores the role of
the (CSDDD) entered into force on July 25, 20243 as a catalyst for driving sustainable growth through the
reform of public administration and the enhancement of corporate accountability within the context of the
European Green Deal. The research aims to identify synergies between the CSDDD and the Green Deal,
contributing to the discourse on sustainable economic development by providing a comprehensive
understanding of how effective governance mechanisms can promote sustainability goals across the European
Union. To achieve this, the study employs a mixed-methods approach that combines qualitative analyses of
policy frameworks and quantitative assessments of economic outcomes in EU member states. Data were
collected through case studies, interviews with stakeholders, and a review of existing literature on public
administration reforms and corporate governance practices. The findings reveal that the implementation of
the CSDDD significantly influences public administration reforms by fostering a culture of accountability and
transparency in corporate practices. Furthermore, the study highlights that aligning corporate accountability
measures with the objectives of the European Green Deal leads to improved environmental and economic
outcomes, reinforcing the interconnectedness of sustainability and governance. In conclusion, this research
underscores the critical need for coherent policy frameworks that integrate the CSDDD and the European
Green Deal, emphasizing the importance of public administration reforms in facilitating corporate
accountability. The broader implications suggest that fostering a collaborative governance approach can
enhance sustainable economic growth while addressing pressing environmental challenges in Europe.

Assessment of Fair Value Measurement for Financial Reporting in Industrial Manufacturing Firms in Nigeria

2024-12-10T09:31:25+00:00

Fair value measurement in financial reporting has become increasingly prevalent, marking a departure from traditional historical cost accounting. This study assesses the application of fair value measurement in industrial manufacturing firms in Nigeria, exploring its opportunities and challenges within the unique economic and regulatory context. The research employed content analysis of financial statements from seven listed industrial manufacturing companies in Nigeria, covering the period from 2013 to 2022. The findings reveal that fair value measurement is applied to varying degrees across financial instruments, property, plant and equipment, impairment assessments, investment property and intangible assets. Also, the study highlights the benefits of fair value measurement, including reflecting true economic value, enhancing transparency, facilitating better decision-making, mitigating risks, and attracting investment. However, challenges such as valuation complexity, subjectivity, illiquid markets, regulatory compliance, and potential volatility in reported financial results are also discussed. The study concludes that adherence to fair value accounting principles and observance of financial reporting qualities can enhance the usefulness of corporate financial reports for stakeholders.

The Journal of Accounting and Management

Driving Sustainable Growth: The Corporate Sustainability Due Diligence Directive as a Catalyst (CSDDD) for Public Administration Reform and Corporate Accountability in the European Green Deal

Assessment of Fair Value Measurement for Financial Reporting in Industrial Manufacturing Firms in Nigeria