Does Multiple Capitals Disclosure Affect the Capital Market? An Empirical Analysis in an Integrated Reporting Perspective

Sun, Yanqi; Qiao, Xuguang; An, Yingli; Fang, Qiaoling; Wu, Na

doi:10.3389/fpsyg.2022.837209

Cited by 4 publications

(4 citation statements)

References 60 publications

(116 reference statements)

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“…In line with Ref. [ 30 ], we selected heavily polluting Chinese listed firms as our sample. We excluded Special Treatment firms due to their abnormal financial data and firms with missing financial data.…”

Section: Methodsmentioning

confidence: 99%

“…Our research extends the work of Ref. [ 30 ], and to maintain consistency and comparability, we have chosen a similar time frame. Furthermore, the regulatory landscape for corporate reporting in China has evolved over the years.…”

Section: Methodsmentioning

confidence: 99%

“…This study contributes to the literature in three ways. First, although some researchers have explored IR practices, few have focused on the multi-capital attribute of IR [ 30 ]. MCD, which involves the dissemination of information (both financial and non-financial) across various forms of capital, can provide a more holistic view of a company’s performance, risks, and value creation process, thereby benefiting a variety of stakeholders 1 [ 31 , 32 ].…”

Section: Introductionmentioning

confidence: 99%

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Board demographic characteristics, ownership structure, and multiple capitals disclosure: Evidence from heavily polluting firms

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Heliyon

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Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Board demographic characteristics, ownership structure, and multiple capitals disclosure: Evidence from heavily polluting firms

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“…(e.g., Sterenczak, 2021;Musneh et al, 2021) ‫ف‬ ‫قي‬ ‫ث‬ ‫ي‬ ‫صيي‬ ‫ت‬ ‫أيض‬ ‫وسه‬ ‫ف‬ ‫اس‬ (e.g., Batten and Vo, 2019; . (Zuniga et al, 2020:636;Sun et al, 2022 (Wyss,2004:9-10) :…”

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أثر الإفصاح عن التقریر المتکامل على سیولة الأسهم بالتطبیق على الشرکات المدرجة فی سوق الأوراق المالیة السعودیة

نصیر¹

2022

مجلة الاسکندریة للبحوث المحاسبیة

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Study Objective: This study aims to investigate the impact of Integrated Report Disclosure on Stock liquidity of Companies Listed in Saudi stock market. Study methodology:The study sample consisted of (5) companies listed in the main index of the Saudi stock market, from 2017 to 2019. Thus the sample represents ( 15) observations (Firm-year). Data from integrated reports, annual financial statements were collected and analyzed using content analysis. The integrated report is measured using a measure that takes into account whether the company is following IIRC framework requirements and discloses all required information. The Stock liquidity was measured using four measures; illiquidity ratio, Bid-Ask Spread, Stock Turnover and Return to Turnover Ratio. To investigate the Impact of Integrated Report Disclosure on firm's Stock liquidity, ordinary least squares regression analysis was used. Findings: The results of the correlation analysis indicate that the IntegratedReport Disclosure is significantly and positively related to Stock liquidity of Companies Listed in Saudi stock market. The results of the regression analysis also showed that the Integrated Report Disclosure has a significant and positive impact on firm's Stock liquidity, which indicates that the Integrated Report Disclosure increases the firm's Stock liquidity. This finding is consistent with the notion that the accounting disclosure quality reduces information asymmetry, and thus enhances the firm's stock liquidity.Originality/Value: The study contributes to the Stock liquidity literature by providing empirical evidence on the impact of Integrated Report Disclosure on firm's Stock liquidity in emerging markets. This study also provides insights for bodies interested in improving disclosure practices in the financial markets.

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Do mandatory and voluntary adoption of integrated and sustainability reporting influence value creation?

Asadi,

Mansourfar,

Homayoun

et al. 2024

JAOC

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Purpose This paper aims to investigate how integrated reporting quality (IRQ), as well as comprehensive disclosure score (CDS) (i.e. incorporating integrated and sustainable reporting quality), impacts value creation differently between companies operating under mandatory versus voluntary adoption of these reporting frameworks. Design/methodology/approach The sample comprises 1,195 firm-year observations (international data set) from 2018 to 2022, which are divided into groups based on mandatory vs voluntary adoption of the international integrated reporting framework (IIRF) and Sustainability Accounting Standards Board (SASB). Furthermore, regression analysis is used in the analyses. Findings The findings revealed a significant and positive relationship between IRQ and value creation on a global scale. In addition, unlike voluntary adoption of the IIRF, mandatory adoption of it showed a significant and positive relationship between IRQ and value creation. Furthermore, an increase in the CDS had a greater impact on value creation compared to IRQ. Finally, in contrast to companies with voluntary adoption of both IIRF and SASB, companies with mandatory adoption of them exhibited a significant and positive relationship between these reports and value creation. Practical implications The findings have practical implications for various stakeholders. First, by enhancing the awareness and understanding of integrated reporting and sustainability reporting among users, these results can facilitate more informed economic decision-making and enable a more accurate assessment of a company's potential for value creation. Second, these findings can contribute to the development of more effective and tailored reporting guidelines that align with the nuances of value creation dynamics in different contexts. Ultimately, this research can lead to improvements in reporting practices and regulatory frameworks, benefiting both companies and their stakeholders. Social implications The study's social implications are significant as it offers insights into the global debate surrounding the adoption of the IIRF and the objectives of the merger involving the Value Reporting Foundation and the International Financial Reporting Standards Foundation. The findings provide a concrete basis for evaluating the value of adopting the IIRF and inform discussions on the future of reporting standards and practices. Originality/value Furthermore, it stands as one of the pioneering endeavors to investigate the value creation aspects of CDS. These unique aspects make a substantive contribution by expanding the frontiers of knowledge in the realm of corporate reporting and financial implications, offering novel insights and opportunities for further research in this crucial domain.

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Does Multiple Capitals Disclosure Affect the Capital Market? An Empirical Analysis in an Integrated Reporting Perspective

Cited by 4 publications

References 60 publications

Board demographic characteristics, ownership structure, and multiple capitals disclosure: Evidence from heavily polluting firms

Board demographic characteristics, ownership structure, and multiple capitals disclosure: Evidence from heavily polluting firms

أثر الإفصاح عن التقریر المتکامل على سیولة الأسهم بالتطبیق على الشرکات المدرجة فی سوق الأوراق المالیة السعودیة

Do mandatory and voluntary adoption of integrated and sustainability reporting influence value creation?

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