Is integrated reporting determined by a country's legal system? An exploratory study

Frías-Aceituno, José-Valeriano; Ariza, Lázaro Rodríguez; García‐Sánchez, Isabel‐María

doi:10.1016/j.jclepro.2012.12.006

Cited by 316 publications

(320 citation statements)

References 74 publications

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“…On the one hand, common law countries have a well-developed legal system that protects investors (Campbell 2006), and gives more importance to shareholders (La Porta et al 2000). The civil law legal systems are more oriented towards the stakeholders (Frias-Aceituno et al 2013b;Simnett et al 2009), which may determine the type of information that should be disclosed, in this case the CSR disclosure. Companies in countries where the orientation towards stakeholders and where compliance mechanisms are more efficient (civil law) tend to reveal more CSR information than companies in those countries in which the interests of shareholders prevail (Garcia-Sanchez et al 2015b).…”

Section: Family Ownership Independent Directors and Csr Disclosurementioning

confidence: 99%

Board Independence and Corporate Social Responsibility Disclosure: The Mediating Role of the Presence of Family Ownership

Bansal

Pérez

Ariza

2018

Administrative Sciences

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This paper examines the impact of board independence on corporate social responsibility (CSR) disclosure and analyses the moderating effect of the presence of family ownership. Using an international sample from 29 countries from 2006 to 2014, our panel Tobit estimation shows that board independence is negatively associated with CSR disclosure practices and they present opposition to CSR disclosure practices. However, family ownership moderates the relationship and enforces the positive orientation of independent directors towards CSR disclosure. This shows that the presence of family ownership reduces independent director concern of reputation risks associated with receiving misleading information and family firms decrease the asymmetries of information between the independent director and management. The study also finds that independent directors encourage CSR disclosure in family firms more in civil law countries where investor protection is low compared to common law countries where investor protection is high.

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Section: Family Ownership Independent Directors and Csr Disclosurementioning

confidence: 99%

Board Independence and Corporate Social Responsibility Disclosure: The Mediating Role of the Presence of Family Ownership

Bansal

Pérez

Ariza

2018

Administrative Sciences

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“…There are still numerous companies listed on the JSE that do not prepare integrated reports or neglect to report on critical issues. During 2013, 50% of companies listed on the JSE prepared integrated reports, while many had to explain their reasons for failing to do so (Frías-Aceituno, Rodríguez-Ariza & García-Sánchez, 2013).…”

Section: Introductionmentioning

confidence: 99%

“…A striking weakness in the reports was, however, the way in which the companies repeated information, often rephrasing or repeating the same piece of information while certain items of social, environmental and ethical information were excluded (Solomon & Maroun, 2012;Frías-Aceituno et al, 2013). This indicated that the companies perhaps tried to make the most of a small volume of information or that they did not know how to approach integrated reporting.…”

Section: Introductionmentioning

confidence: 99%

Integrated reporting by South African companies: a case study

Toit

Zyl

Schütte

2017

MEDAR

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Investors and stakeholders rely on high-quality integrated reports to obtain social, environmental and ethical information for decision-making. A striking weakness found in recent research on integrated reports is the way certain items of social, environmental and ethical information are excluded while other items are repeated. There is accordingly much confusion, clutter and fragmentation in the integrated reporting landscape. There are as yet no reports on the long-term effect of mandatory integrated reporting on the quality of information. Through a detailed content review of the information companies report on, more insight can be gained into this question five years after the mandatory implementation of King III, which requires companies to provide integrated reports. The study used a similar approach to that of Solomon and Maroun (2012), reviewing the integrated reports of four companies with high social and environmental impact, over a period of three years (2012 to 2014). The companies" integrated reports were reviewed in terms of social, environmental and ethical items. The results indicate that there has been a distinct decrease in the amount of information provided in integrated reports but, more importantly, there still exists significant uncertainty as to the amount of reporting that is required. The results of this study provides evidence that regulators may have to provide more detailed guidelines as to the reporting duties of companies. It also indicates to 1 managers that their approach to integrated reporting may have to be revised to ensure useful information is provided to stakeholders.

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“…Since 2011, no fewer Growing focus of attention on IR ran parallel to the long process of defining a framework for it, mainly involving the IIRC and South African experiences. Currently, according to the model of Eccles et al [31], the evolution of IR is passing from the "codification" to the "institutionalization" stage. This latter will see increasing intervention from national and international bodies and standard setters.…”

Section: Resultsmentioning

confidence: 99%

Exploring Integrated Reporting Research: Results and Perspectives

Romolini

Fissi

Gori

2017

ijafr

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Integrated reporting is progressively influencing corporate non-financial reporting and, more recently, scientific debate. It is a model for combining into "One Report" the various aspects of non-financial information. Scientific debate -currently in a developmental phase -shows a lack of contributions on the subject with respect to its potential importance, and the need for more robust theoretical reflection. This article sets out to explore studies of integrated reporting to date, identifying perspectives of analysis and outlining possible routes for future development. The research is exploratory in nature and investigates the dissemination and dynamics of IR studies from when the concept appeared to date by using three of the main databases for scientific publications (Science Direct, Ebsco and Scopus) and Google Scholar research engine. The analysis shows that attention to integrated reporting exploded from 2013 and that current research uses a variety of methodologies, mainly qualitative. Moreover, the article identifies some future development for the research in the integrated reporting field. ISSN 2162-3082 2017 This paper provides a first comprehensive analysis of the recent literature on the integrated reporting. The results represent also a useful starting point for academics in order to reflect on the future tracks of research and in order to develop a theoretical framework for integrated reporting. International Journal of Accounting and Financial Reporting

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Is integrated reporting determined by a country's legal system? An exploratory study

Cited by 316 publications

References 74 publications

Board Independence and Corporate Social Responsibility Disclosure: The Mediating Role of the Presence of Family Ownership

Board Independence and Corporate Social Responsibility Disclosure: The Mediating Role of the Presence of Family Ownership

Integrated reporting by South African companies: a case study

Exploring Integrated Reporting Research: Results and Perspectives

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