Sustainability KPIs for integrated reporting

Oshika, Tomoki; Saka, Chika

doi:10.1108/srj-07-2016-0122

Cited by 38 publications

(22 citation statements)

References 51 publications

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“…The choice of research periodicity which was quite short (3 years) to see the effect of sustainability of disclosure towards the firm value had implications for the results of the research which was not sufficient. This is in line with the results of previous studies, namely that sustainability disclosure has a significant but negative influence on company value, which means that the costs for disclosure of sustainability are higher than the effect on company value (Oshika and Saka 2017). However, the sustainability disclosure, which until now is still voluntary in Indonesia, has caused lack of awareness of the stakeholders, so that at the end it does not have positive effect towards the firm value.…”

Section: Conclusion Limitations Implications and Suggestionssupporting

confidence: 90%

The Influence of Sustainability Disclosure on Firm Value’s with Board Involvement as A Moderating Variable: Evidence from Indonesia

2019

JESD

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The objective of this research was to find out the effects of the disclosure of Sustainability Reporting including the economic performance disclosure, environmental performance disclosure and social performance disclosure, and also the board involvement on the firm value. Sustainability disclosure is the company's effort to make the company accountable for all stakeholders, for the company's performance goals towards sustainable development. The population of the research was the companies listed in the Indonesia Stock Exchange for the period of 2015-2017. This research uses the content analysis method, namely the quantitative research, to find out the relationship between one independent variable (sustainability disclosure, covers economic, environmental and social performance disclosure) and the dependent variable (company performance) with the board involvement as the moderating variable. The results of the research indicated that the board involvement moderated the disclosures of economic, environmental and social performance towards the value of the company. Further research indicated that the disclosure of Sustainability Reporting that included the economic, environmental, and social performance disclosure, had significant effect to the company value, but it is negative. The negative value shows that the cost spent for the disclosure of the Sustainability Reporting is still greater than its effect towards of the firm value.

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Section: Conclusion Limitations Implications and Suggestionssupporting

confidence: 90%

The Influence of Sustainability Disclosure on Firm Value’s with Board Involvement as A Moderating Variable: Evidence from Indonesia

2019

JESD

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“…Measures of financial performance can be accountingbased (e.g., Return on Assets [ROA]) or market-based (e.g., Tobin's Q). Some studies indicate a positive impact of financial performance on IR adoption, based on ROA (Girella et al, 2019;Frias-Aceituno 2014;Oshika & Saka, 2017), market-tobook-ratio (Girella et al, 2019), gross margin, Earnings before Interest and Taxes (EBIT) ratio, net income ratio, and Return on Equity (ROE) (Oshika & Saka, 2017). Fuhrmann (2019) has stated that firms with lower leverage are more likely to adopt IR.…”

Section: Performancementioning

confidence: 99%

Archival research on integrated reporting: a systematic review of main drivers and the impact of integrated reporting on firm value

Velte

2021

J Manag Gov

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Integrated reporting (IR) represents an innovative approach to business reporting especially by Public Interest Entities (PIEs). In addition to financial capital, the integrated report includes material information about manufactured, intellectual, human, social and relational, and natural capitals. Although there has been a steady growth in empirical IR research, there is—as yet—no literature review on the business case for IR. Thus, the purpose of this study is to convey a detailed understanding of the governance-, (non) financial performance-, and reporting-related determinants of IR and its contribution to firm value in line with the business case argument. To do so, we selected 85 quantitative peer-reviewed archival studies on that topic. We have then differentiated said studies between those that focus on IR adoption versus those that focus on IR quality, with a legitimacy- and stakeholder-theory-based framework. This differentiation is crucial, to stress the challenges of greenwashing policies and information overload. Here, in contrast to former literature reviews on IR, we provide new insights into this emerging research topic and concentrate on archival IR research. We are also interested in recent moderator- and mediator analysis in archival IR research since the business case argument for IR may require a specific environment, in addition to the main variables we have included. We likewise give a detailed overview of included variables and proxies and compare their main statistical effects. Our literature review demonstrates that (1) board composition and (2) stakeholder pressure positively influence IR quality; whereas (3) (non) financial performance leads to increased IR adoption and quality. We also find that both IR adoption and IR quality are linked with positive consequences on firm valuation, as they lead to higher total performance measures. Last but not least, this analysis includes useful recommendations for future IR research.

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“…Inclusive wealth data (1990–2014) were obtained from Managi and Kumar [18]. The net income of the firm-level data from countries that had survived for more than 100 years and already achieved sustainability was taken from Oshika and Saka [29] to analyze the trend in health stock. However, due to data limitations, out of 136 countries, only 43 were used for analysis as a proxy of the firm’s sustainability from 1990 to 2010.…”

Section: Methodsmentioning

confidence: 99%

Inequality of health stock and the relation to national wealth

Jumbri

Ikeda

Jimichi

et al. 2019

Int J Equity Health

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BackgroundThe decline in global and between-country health inequality is a major challenge to overcome. However, few studies have systematically investigated the relationship between inequality of health stock and national wealth. From an economic perspective, health can be viewed as a durable capital stock that produces an output of healthy time. Therefore, in this paper, we focused on health capital to investigate the relationship between inequalities of national health and national wealth.MethodsBased on health stock data from 1990 to 2015 for 140 countries, we estimated Gini coefficients of health stock to investigate associations with a well-known economic flow indicator, Gross Domestic Product (GDP), stock-based national wealth indicator, Inclusive Wealth Index (IWI), and firm-level net income.ResultsThe estimated Gini coefficient of global health stock shows that health stock has experienced a global decline. The Gini coefficient for low-income countries (LICs) showed the fastest decline in health stock, dropping from 0.69 to 0.66 in 25 years. Next, rapid population growth and the rise in the youth share of the working-age population in LICs were most likely contributing factors to the decline in inequality. Most countries that experienced positive health stock growth also indicated a strong positive relationship with GDP and IWI. However, some countries showed a negative relationship with natural capital, which is a part of IWI. In addition, firm-level net income showed no obvious associations with health stock, GDP and IWI.ConclusionsWe argue that a negative relationship between health stock and natural capital is a sign of unstable development because sustainable development involves maintaining not only GDP but also IWI, as it is a collective set of assets or wealth comprising human, produced and natural capital. Moreover, in our analysis of firm-level income data, we also discuss that income will be influenced by other factors, such as innovations, human resources, organization culture and strategy. Therefore, the paper concludes that health stock is a vital component in measuring health inequality and health-related Sustainable Development Goals (SDGs). Thus, IWI is more comprehensive in measuring national wealth and can complement GDP in measuring progress toward sustainable development.

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Sustainability KPIs for integrated reporting

Cited by 38 publications

References 51 publications

The Influence of Sustainability Disclosure on Firm Value’s with Board Involvement as A Moderating Variable: Evidence from Indonesia

The Influence of Sustainability Disclosure on Firm Value’s with Board Involvement as A Moderating Variable: Evidence from Indonesia

Archival research on integrated reporting: a systematic review of main drivers and the impact of integrated reporting on firm value

Inequality of health stock and the relation to national wealth

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