Creating Value Through the Integrated Reporting: A Value Relevance Analysis

2017 ◽  
Author(s):  
Alessandro Cortesi ◽  
Luigi Vena
Keyword(s):  
Value Relevance ◽  
Integrated Reporting ◽  
A Value ◽  
Relevance Analysis

scholarly journals Integrated Reporting and Investment: How are They Related?

The Winners ◽  
2020 ◽  
Vol 21 (1) ◽  
pp. 1
Author(s):  
Bernadeta Susilo Martanti ◽  
Dessy Astuti Hermanto ◽  
Elin Noviyanti ◽  
Windy Rizkika Andriany
Keyword(s):  
Corporate Strategy ◽  
Value Relevance ◽  
The United States ◽  
Professional Services ◽  
Integrated Reporting ◽  
Voluntary Regulation ◽  
A Value ◽  
Government Mandates ◽  
The Government

The research aimed to explore how integrated reporting potentially impact the investor decision within mandatory and voluntary regulation. The method used was exploration of arguments from several researchers, either from theoretical and empirical basis, or literature review.  The method of this qualitative research was dividing the literature into categories which in this research would be mandatory and voluntary regulations. The sub categories were divided by two countries which were Africa and The United States as research objects. The result and discussion were integrated reporting increases the value relevance of information produced by the company and underline the way companies create a value over the short until long term by informing business model, corporate strategy, and forecasting view. The result shows that Integrated Reporting will be more useful if the Government mandates the regulation like in Africa. It is considered that when Integrated Reporting potentially impacts the investors’ decision assured by professional services, these disclosures will be more accurate and reliable. A contribution for the government to create a clear regulation of the integrated report and provide an assurance service to assure the accuracy of information in the Integrated Report will be our expectation.

Integrated reporting and change: evidence from public universities

2020 ◽  
Vol 32 (2) ◽  
pp. 291-310 ◽  
Author(s):  
Silvia Iacuzzi ◽  
Andrea Garlatti ◽  
Paolo Fedele ◽  
Alessandro Lombrano
Keyword(s):  
Public Sector ◽  
Analytical Framework ◽  
Integrated Reporting ◽  
Content Type ◽  
Creation Process ◽  
The Public ◽  
A Value ◽  
Service Logic ◽  
Key Aspects ◽  
The University

PurposeThis paper aims to set out the case for integrated reporting (IR) and its potential to lead to change in the public sector by examining it in practice and analyzing the challenges associated with its implementation.Design/methodology/approachThe paper investigates the role of IR in the public sector through the development of a theoretical framework applied to a case study focused on the University of Udine in Italy.FindingsIR can be considered more as an incremental than a groundbreaking transformation of existing arrangements and approaches. The analysis revealed that the vagueness, complexity and intrinsic discrepancy between the IR concept and its operationalization brought the University of Udine to challenge and debate the IR approach and ultimately, to reconceptualize and implement its own version that better fitted its strategic aims, its intended audience and its status as a public entity.Research limitations/implicationsThe application of the findings to other contexts should be further investigated, while the analytical framework should be applied to different settings and could be enriched to add knowledge and sharpen the paradigms of integrated thinking and value co-creation. Moreover, the interviews focused on people directly involved in the preparation of the integrated report, excluding other stakeholders. Further research could explore their perceptions of IR and focus on their understanding of the IR as well as the value co-creation process.Practical implicationsThe findings provide decision makers with insights about how IR can be promoted to enhance its impact on value co-creation. The key processes to be considered for a public organization are integrated thinking and value co-creation, while the key aspects to be investigated in an integrated report for the public sector are materiality and stakeholder engagement. Yet, the IR framework is missing indications on how to account for stakeholders' inputs, outputs and outcomes in a value co-creation process, which is fundamental in a public service logic.Originality/valueThe results shed further light on two fundamental phenomena in the public sector, namely, integrated thinking and value co-creation. The paper also answers the call for more empirical research on IR's rhetoric and practice and on its concrete role in the value creation process.

scholarly journals Does integrated reporting enhance the value relevance of organizational capital? Evidence from the South African context

2019 ◽  
Vol 20 (5) ◽  
pp. 642-661 ◽  
Author(s):  
Maroua Tlili ◽  
Hakim Ben Othman ◽  
Khaled Hussainey
Keyword(s):  
South African ◽  
Financial Reporting ◽  
Quantitative Methods ◽  
Value Relevance ◽  
South African Context ◽  
Organizational Capital ◽  
The South ◽  
Integrated Reporting ◽  
Content Type ◽  
African Context

Purpose Despite the growing literature on integrated reporting (IR) adoption and the emphasis on integrated thinking capitals, prior research works only focused on the financial and non-financial reporting rather than the cornerstones of IR. In order to fill this gap, the purpose of this paper is to investigate the value relevance of organizational capital (OC) after the mandatory adoption of IR in South Africa over the period 2006–2015. Design/methodology/approach The authors have used quantitative methods to test the hypotheses. The South African context is unique since the Johannesburg Stock Exchange is the first to mandate listed firms to adopt IR following King III report in March 2010. Findings The findings provide the first evidence, to the best of the authors’ knowledge, on the positive and significant impact of IR adoption on the value relevance of OC. Originality/value The authors contribute to IR literature by providing new insight on the value relevance of one capital from a new perspective addressing the importance of resources as inputs to the business model highlighted by integrated thinking in the IR framework. The findings derive various implications for the International Integrated Reporting Council, managers, decision makers and the research community.

E. Digby Baltzell: Moral Rhetoric and Research Methodology

1998 ◽  
Vol 16 (2) ◽  
pp. 149-171 ◽  
Author(s):  
Samuel Z. Klausner
Keyword(s):  
Social Research ◽  
Value Relevance ◽  
Frame Of Reference ◽  
Research Strategies ◽  
Value Analysis ◽  
Social Actors ◽  
Moral Rhetoric ◽  
A Value ◽  
The Social ◽  
Empirical Generalizations

The ways in which values are assimilated to social research differ according to the theoretical frame of reference informing the research. An example from the writings of E. Digby Baltzell illustrates how a moral commitment shaped his assumptions about the nature of the social matrix and his research strategies. A Western moral rhetoric fares well if the researcher chooses a methodologically individualist framework. The framework assists a moral rhetoric by providing it with concrete rather than abstract social actors and with a basis for explanation in terms of motive rather than situational forces. Along the way moral statements can appear in the form of empirical generalizations and historical laws. Should sociologists deem ethically neutral social research desirable, this study suggests that concentration on scientific method, without exploring the value bases for selecting a frame of reference, is not a promising approach. A value analysis, especially around Weber's “value relevance,” may function propaedeuticly.

Sustainability KPIs for integrated reporting

2017 ◽  
Vol 13 (3) ◽  
pp. 625-642 ◽  
Author(s):  
Tomoki Oshika ◽  
Chika Saka
Keyword(s):  
Performance Indicators ◽  
Value Added ◽  
Integrated Reporting ◽  
Content Type ◽  
Listed Firms ◽  
A Value ◽  
New Perspective ◽  
The Stability ◽  
International Integrated Reporting Council ◽  
Practical Implications

Purpose The framework of the International Integrated Reporting Council (IIRC) is principles-based and does not provide specific key performance indicators (KPIs) for integrated thinking and reporting. Therefore, the purpose of this paper is to propose KPIs for integrated reporting which decipher a firm’s sustainability through empirical analysis. Design/methodology/approach As a proxy of firms’ sustainability, the authors focus on firms that have survived for more than 100 years and that have already achieved sustainability, and analyze these firms to reveal the financial features that distinguish sustainable firms from the other firms. Findings The study found two distinguishing facts: the value added that is distributed to stakeholders other than shareholders is significantly larger, and the stability of profitability and the profitability itself are significantly higher in sustainable firms. Practical implications The study proposes a value-added distribution and the stability of profitability as sustainability KPIs for integrated reporting. Originality/value First, this study provides the first evidence that value added distribution and the stability of profitability distinguish a firm’s sustainability. Second, it provides a new perspective in the search for sustainability KPIs. Third, as the empirical data consist of all listed firms in 136 countries, the results should be robust and general.

scholarly journals A value relevance dos ativos financeiros das empresas do setor elétrico brasileiro

2020 ◽  
Vol 39 (3) ◽  
pp. 85-98
Author(s):  
Marília Paranaíba Ferreira ◽  
Carlos Henrique Silva do Carmo ◽  
Alex Mussoi Ribeiro
Keyword(s):  
Value Relevance ◽  
A Value

As demonstrações contábeis das empresas do setor de energia elétrica passaram por mudanças significativas após o processo de convergência da contabilidade brasileira às IFRS. Considerando que uma das principais alterações é o desmembramento do ativo imobilizado em ativo financeiro e/ou ativo intangível, o presente estudo teve como objetivo verificar a relevância do ativo financeiro registrado no contrato de concessão para explicar a variação do preço da ação das companhias elétricas brasileiras entre 2010 e 2018. Os dados foram coletados no site da B³ e na base Economatica® e a análise foi feita por meio de regressões múltiplas com dados em painel. Dois modelos, baseados no Modelo de Ohlson, foram estimados para testar a hipótese da pesquisa de que o lucro líquido, o patrimônio líquido e os ativos financeiros por ação são informações relevantes para explicar o comportamento do preço da ação das empresas. Os resultados indicaram, ao nível de significância estatística de 0,01% e 1%, que os investidores reagem positivamente a essas informações e demonstraram um ganho de 15% do poder explicativo do modelo após adicionar a variável de ativos financeiros por ação. Dessa forma, pode-se afirmar que os valores dos ativos financeiros relativos aos contratos de concessão geram informações relevantes para o mercado de capitais e que a mudança na classificação do ativo imobilizado pode ser uma tentativa de tornar as demonstrações contábeis mais próximas da realidade da empresa.

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