L'impatto delle caratteristiche del Consiglio di Amministrazione sulla disclosure del beneficio comune: un'analisi empirica nelle aziende benefit

This study aims to analyze the level of disclosure of impact reports that Italian benefit companies are required to prepare annually, as well as to investigate the impact of some antecedents related to the board characteristics such as size, gender diversity, age, and independence on it. Through content analysis of impact reports and testing on a sample of 100 Italian benefit companies, four hypotheses based on Signalling theory were examined using cross-sectional OLS regression. The findings show a generally moderate level of disclosure in impact reports and a positive impact of board size, gender diversity, and independence. This study enriches both the literature related to Italian benefit companies and sustainability disclosure. The practical implications suggest that companies aiming to enhance disclosure may benefit from larger administrative structures with increased representation of women and independent members.