Voluntary Adopters of Integrated Reporting – Evidence on Forecast Accuracy and Firm Value

Wahl, Annika; Charifzadeh, Michel; Diefenbach, Fabian E.

doi:10.1002/bse.2519

Cited by 82 publications

(107 citation statements)

References 87 publications

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“…Finally, also in 2017, IIRC cooperated with IASB and FASB to explore alternative reporting models (IASB, 2017). At the European level, the recent nonfinancial reporting directive (EU 95/2014) plays an important role in promoting integrated reporting (Wahl, Charifzadeh, & Diefenbach, 2020).…”

Section: The Integrated Reporting Backgroundmentioning

confidence: 99%

The value relevance of corporate financial and nonfinancial information provided by the integrated report: A systematic review

Veltri

Silvestri

2020

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The integrated report (IR) is a new reporting tool connecting financial and nonfinancial information, in one report. The aim of IR is to present the firm's value creation over time. In recent years, IR has received both increasing academic and professional interest. Recent researches have focused on the potentialities (and criticalities) of IR and on its determinants, while there is a dearth of studies examining the value relevance of the information disclosed through IR for investors. Furthermore, in the literature, there are two competing views on IR usefulness for investors, one positing IR as beneficial, the other, detrimental to investors. Our study intends to contribute to the existing literature by systematically reviewing the empirical studies conducted until now in a thorough and unbiased manner, allowing more general conclusions to be drawn about the phenomenon than is possible from individual studies and to give some insights for further research activities.

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Section: The Integrated Reporting Backgroundmentioning

confidence: 99%

The value relevance of corporate financial and nonfinancial information provided by the integrated report: A systematic review

Veltri

Silvestri

2020

Bus Strat Env

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“…Since IR is a new reporting practice, the studies on the subject are limited but growing, and some researchers have emphasized the need for more empirical research on the application and impact of IR [5,[28][29][30]. In this respect, several researchers have assessed the level of adoption of IR in different countries or industries [1][2][3]12,17,18], which is frequently measured using different indices or checklists based on IIRF.…”

Section: Irmentioning

confidence: 99%

“…As IR aims to explain to the providers of financial capital how an entity creates value over time, one of the main questions that arises is whether investors find integrated reports more decision-useful than traditional annual reports [4][5][6]. Although several studies have seemingly addressed this issue, they have only provided inconclusive and mixed results while being constrained by their choice of method and contextual setting.…”

Section: Introductionmentioning

confidence: 99%

Does Integrated Reporting Enhance the Value Relevance of Information? Evidence from Sri Lanka

et al. 2020

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This paper examines the relationship between the level of integrated reporting (IR) based on the extent of adoption of the International Integrated Reporting Framework (IIRF) and the firm value (a proxy for value relevance of IR) in Sri Lanka, where the adoption of IR is a voluntary exercise. Using a comprehensive disclosure checklist, 117 integrated reports were content-analyzed, and then two regression models assessed the value relevance of IR disclosure. The study notes an increasing trend toward the adoption of IIRF in the preparation of integrated reports overall, as well as of each content element of IIRF. However, this rising trend has not significantly impacted the firm value by itself. Hence, this study’s findings do not support the enlightened stakeholder’s view on the subject of IR in Sri Lanka. Instead, it shows a significant positive relationship with the firm value when combined with the information on earnings (earnings per share), indicating that IIRF-compliant IR improves the value relevance of accounting information. This study offers insights for policymakers, professional accounting bodies, and practitioners on how investors make use of the information disclosed in integrated reports in their decision-making.

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“…Researchers also emphasize the need to maintain qualitative characteristics of environmental information, such as relevance, reliability, clarity, comparability, balance, and integrity. DOI: 10.14807/ijmp.v12i3.1535 Moreover, Wahl, Charifzadeh andDiefenbach (2020) conclude that the positive effects of integrated reporting are more relevant in environments where IR is mandatory. Their study shows that there is no significant relationship between voluntary disclosure of the integrated report and improved transparency of information.…”

Section: Literature Reviewmentioning

confidence: 99%

Environmental disclosures in the management report: transparency, responsibility and communication

Syrotenko

Pravdiuk

Slobodyanik

et al. 2021

Ind. Jour. Manag. & Prod.

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The study examines the features of environmental disclosures in the management reports of medium and large enterprises of Ukraine for 2018-2019, as well as non-financial reports of leading global companies, highlights the positive aspects and problematic issues in terms of information content, provides recommendations to improve approaches to environmental disclosures and enhancement the quality and public confidence in the reports. The methodological basis of the study is Ukrainian regulatory framework and recommendations of non-governmental world organizations on environmental disclosures, comparative analysis, theoretical studies, and best practices. In the course of the research were collected and processed empirical data of 78 medium and large enterprises of 7 leading sectors of Ukraine's economy and data from some of the world's largest energy, mining, agricultural, transport, pharmaceutical, food, and construction companies. The conducted research confirms that the lack of mandatory indicators regarding disclosing environmental information and sanctions for non-provision and improper disclosure of data does not ensure transparency and comparability of reports. In order to monitor the environmental situation in Ukraine, it is recommended to disclose environmental information to all enterprises, regardless of their size; creation at the level of the regulator of a model report with the inclusion of a list of mandatory indicators of public importance and additional industry indicators; strengthening responsibility for improper information and incomplete disclosure and concealment of significant financial and non-financial environmental information; introduction of the statutory audit of management reports.

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Voluntary Adopters of Integrated Reporting – Evidence on Forecast Accuracy and Firm Value

Cited by 82 publications

References 87 publications

The value relevance of corporate financial and nonfinancial information provided by the integrated report: A systematic review

The value relevance of corporate financial and nonfinancial information provided by the integrated report: A systematic review

Does Integrated Reporting Enhance the Value Relevance of Information? Evidence from Sri Lanka

Environmental disclosures in the management report: transparency, responsibility and communication

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