scholarly journals The Impact of the Quality of Integrated Reporting Disclosure on Corporate Reputation

2021 ◽  
Vol 16 (3) ◽  
pp. 85-102
Author(s):  
Mira Susanti Amirrudin ◽  
◽  
Mazni Abdullah ◽  
Zakiah Saleh ◽  
◽  
...  
Keyword(s):  
Corporate Reputation ◽  
Annual Reports ◽  
Integrated Reporting ◽  
High Quality ◽  
Corporate Reporting ◽  
Reputation Score ◽  
International Integrated Reporting Council ◽  
The Impact ◽  
A Company

In 2013, the International Integrated Reporting Council (IIRC) issued the Integrated Reporting (IR) Framework to improve corporate reporting. The purpose of IR is to integrate financial and non-financial information to explain how the organisation creates value and improves firm performance over time. Since the introduction of IR, a company weighs the benefits over the costs of changing to IR. Recent trends in IR have heightened the need to examine the actual contents of IR. The objective of this study was to find the relationship between preparing a high-quality IR and corporate reputation. Corporate reputation is one of the main objectives for the preparation of IR, and preparing a high-quality IR can positively impact corporate reputation. Data was collected from a sample of 120 companies from the IIRC websites for three years (360 firm-year observations) to examine the quality of following the 2013 Framework. An index was developed, and the corporate reputation score was collected from the RepTrak websites. The finding showed that companies preparing high-quality IR reports had a significant positive relationship with corporate reputation. Preparing a high-quality IR sends a signal to users of annual reports as a connotation of the company (good product or services, ethical management reporting), which will help build trust towards the company and improve its reputation. This study contributes by providing empirical evidence for a company, which is uncertain about the benefits of IR. The IR disclosure score can be used as a reference by IIRC and policymakers to prepare the IR. Keywords: integrated reporting, disclosure quality, corporate reputation

scholarly journals Sustainability Reporting to Integrated Reporting: The Relationship between Total Integrated Reporting Disclosure Quality (TIRDQ) and Firm Performance

2020 ◽  
Vol 8 (6) ◽  
pp. 1780-1784
Keyword(s):  
Firm Performance ◽  
Annual Report ◽  
Sustainability Reporting ◽  
Disclosure Quality ◽  
Integrated Reporting ◽  
Corporate Reporting ◽  
International Integrated Reporting Council ◽  
The Impact ◽  
The Relationship

In 2013, the International Integrated Reporting Council (IIRC) calls the organisation to prepare its annual report following the IR Framework for a better reporting of financial and non-financial information and enable various users of the annual report to understand how the company creates its value. Considering the new implementation of IR, research should analyse the content of IR disclosures and the impact of reporting annual report based on IR framework 2013 towards the company’s performance or value. It is important to emphasise that an IR does not merely combine two reports as one, but it is a way of communicating to various stakeholders about company’s performance, strategy, governance and its external environment. Using the data of 360 firm-year observations of IR companies, this study examines the quality of IR by developing TIRDQ and identifies if there is any relationship between TIRDQ and firm performance. The finding provides evidence that companies preparing high-quality IR report show a significant positive relationship with firm performance. This research contributes by presenting empirical evidence about the benefits of IR Framework adoption. The TIRDQ score from this study will be necessary for IR preparers, policymakers and standard setters to assist in evaluating the capacity of IR as a tool for enhancing corporate reporting.

scholarly journals Integrated Reporting Assurance: Perceptions of Auditors and Users in Spain

2019 ◽  
Vol 11 (3) ◽  
pp. 713 ◽  
Author(s):  
Estibaliz Goicoechea ◽  
Fernando Gómez-Bezares ◽  
José Ugarte
Keyword(s):  
Financial Information ◽  
Audit Report ◽  
Integrated Reporting ◽  
Reporting Framework ◽  
International Integrated Reporting Council ◽  
Audit Activity ◽  
A Company

Integrated reporting is a key instrument used to inform stakeholders about the sustainability issues of a company. Only an assured report can effectively instill confidence in its users regarding the sustainability of the company. Based on the International Integrated Reporting Framework issued by the International Integrated Reporting Council (IIRC), the authors solicited perceptions from auditors and audit report users about several aspects of integrated reporting assurance. An analysis of the responses suggests that integrated reporting assurance is important, but there are many challenges (both methodological and related to the characteristics of non-financial information) for auditors to overcome. Reporting companies and auditors must work to overcome these problems. The former ones must improve the quality of non-financial information and the later must adapt their audit procedures. This paper provides valuable insights into preferences regarding the form and content of the audit report on integrated reporting. This study is useful to regulators of audit activity, auditors’ corporations, the IIRC, and other international associations, academics, and audit report users, and contributes to the current integrated reporting literature by examining the perceptions of auditors and users regarding the assurance of integrated reporting. Integrated reporting assurance is still an under-explored field of research.

scholarly journals Disclosure Style and Its Determinants in Integrated Reports

2019 ◽  
Vol 11 (7) ◽  
pp. 1960 ◽  
Author(s):  
Aureliana-Geta Roman ◽  
Mihaela Mocanu ◽  
Răzvan Hoinaru
Keyword(s):  
Impression Management ◽  
Financial Reporting ◽  
Multivariate Regression Analysis ◽  
Annual Reports ◽  
Integrated Reporting ◽  
Financial Reporting Standards ◽  
Corporate Reporting ◽  
Environmentally Sensitive ◽  
Set Up ◽  
International Integrated Reporting Council

Integrated Reporting promotes a more cohesive and efficient approach to corporate reporting and aims to improve the quality of information available to providers of financial capital. The purpose of this paper was to investigate the determinants of readability and optimism which build the disclosure style of integrated reports. Our research draws on impression management theory and legitimacy theory, while also taking into consideration the cultural system of Hofstede with its further developments by Gray. Our sample consisted of 30 annual reports, extracted randomly from the Integrated Reporting examples database set up by the International Integrated Reporting Council. For the purposes of our investigation, we have carried out a multivariate regression analysis. Firstly, our results show that the higher the revenues of the reporting company, the more balanced their integrated reports, while younger companies use a more optimistic tone when reporting. Additionally, optimism seems to be inversely correlated with the length of the reports. Secondly, entities based in countries with a stronger tendency towards transparency surprisingly provide less readable integrated reports. It was also revealed that companies operating in non-environmentally sensitive industries, as well as International Financial Reporting Standards adopters deliver foggier and thus less readable integrated reports.

scholarly journals Integrated reporting vs. sustainability reporting for corporate responsibility in South Africa

2015 ◽  
Vol 29 (29) ◽  
pp. 7-17 ◽  
Author(s):  
Alexandra F. Clayton ◽  
Jayne M. Rogerson ◽  
Isaac Rampedi
Keyword(s):  
South Africa ◽  
South African ◽  
Stock Exchange ◽  
Sustainability Reporting ◽  
Annual Reports ◽  
Integrated Reporting ◽  
Corporate Reporting ◽  
And Performance ◽  
The Impact ◽  
Responsible Manner

AbstractLarge corporates have come under increasing pressure to conduct their business in a more transparent and responsible manner. In order for business to fulfil its obligations under the ethic of accountability stakeholders must be given relevant, timely, and understandable information about their activities through corporate reports. The conventional company reports on annual financial performance, sustainability and governance disclosures often fail to make the connection between the organisation’s strategy, its financial results and performance on environmental, social and governance issues. Recognising the inherent shortcomings of existing reporting models, there is a growing trend to move towards integrated reporting. South Africa has been one of the most innovative countries in terms of integrated corporate reporting. Since 2010 companies primarily listed on the country’s major stock exchange have been required to produce an integrated report as opposed to the former sustainability report. The aim in this study is to review the development of integrated reporting by large corporates in South Africa and assess the impact of the required transition from sustainability reporting to integrated reporting on non-financial disclosure of eight South African corporates using content analysis of annual reports.

scholarly journals The Impact of Corporate Governance and Sustainability Reporting on Integrated Reporting: A Conceptual Framework

SAGE Open ◽  
2020 ◽  
Vol 10 (2) ◽  
pp. 215824402092743 ◽  
Author(s):  
Salaheldin Hamad ◽  
Muhammad Umar Draz ◽  
Fong-Woon Lai
Keyword(s):  
Corporate Governance ◽  
Conceptual Framework ◽  
Sustainability Reporting ◽  
Research Area ◽  
Annual Reports ◽  
Integrated Reporting ◽  
Information Transparency ◽  
Corporate Reporting ◽  
Corporate Governance Mechanisms ◽  
The Impact

Integrated Reporting (IR) is a relatively new concept that is considered one of the most recent trends in corporate reporting; it is still an emerging research area in different parts of the world. Malaysia is an appropriate emerging economy to investigate IR adoption. Large Malaysian public listed companies (PLCs) are encouraged by the Malaysian Code on Corporate Governance (MCCG) of 2017 to adopt IR based on the international IR framework. By combining the stakeholder theory and the agency theory, this article proposes a conceptual framework to explore the moderating effect of sustainability reporting on the relationship between corporate governance mechanisms and IR disclosure level for the Malaysian PLCs. To obtain the data related to IR and the other variables, the study suggests using a content analysis method on the annual reports of the top 100 Malaysian PLCs based on their market capitalization. The proposed conceptual framework could be very useful; it can assist PLCs having sustainability practices to adopt the IR framework, reduce information asymmetries, increase information transparency, and create value. This study contributes to the literature by investigating the IR practices and their determinants in Malaysia after the introduction of MCCG 2017.

scholarly journals Corporate Governance and Corporate Reputation: The Role of Environmental and Social Reporting Quality

2021 ◽  
Vol 13 (18) ◽  
pp. 10452
Author(s):  
Mohamad Iruwan Ghuslan ◽  
Romlah Jaffar ◽  
Norman Mohd Saleh ◽  
Mohd Hasimi Yaacob
Keyword(s):  
Corporate Governance ◽  
Corporate Reputation ◽  
Reporting Quality ◽  
Social Reporting ◽  
Annual Reports ◽  
Board Diversity ◽  
The Impact ◽  
The Relationship

Corporate reputation is companies’ most valuable asset as it can position them to gain competitive advantages that lead to sustainable performance. Therefore, understanding the factors that influence corporate reputation is vital for a company’s survival. The study objectives were to investigate the effects of corporate governance and the quality of environmental and social reporting on corporate reputation. Additionally, this study examined the role of environmental and social reporting quality on the relationship between these two variables. This study used secondary data collected from multiple sources such as the Thomson Data Stream database and annual reports of publicly listed Malaysian companies between 2017 and 2018. The results showed that corporate governance effectiveness and environmental and social reporting quality positively influence corporate reputation. Additionally, the quality of environmental and social reporting mediates the relationship between corporate governance and corporate reputation. This study bridges research gaps by providing evidence for the impact of effective corporate governance, specifically board diversity, on corporate reputation in Malaysia. The findings can help companies to establish criteria and qualifications for the appointment of new board members. The members must have the right combination of skills, knowledge, experience and independent elements that enable them to make decisions to meet companies’ objectives.

scholarly journals The usefulness of South African annual reports as at December 2010

2014 ◽  
Vol 7 (1) ◽  
pp. 35-52 ◽  
Author(s):  
Lucien O. Dimi ◽  
Nirupa Padia ◽  
Warren Maroun
Keyword(s):  
South African ◽  
Accounting Standards ◽  
Annual Reports ◽  
International Accounting Standards ◽  
Integrated Reporting ◽  
Corporate Reporting ◽  
Strategic Vision ◽  
Qualitative Characteristics ◽  
Selection Of

This article provides an account of the extent to which South African annual reports, as at the end of 2010, comply with the fundamental and enhancing qualitative characteristics of decision-useful information. Using the frameworks provided by the International Accounting Standards Board and Integrated Reporting Committee of South Africa, the research provides a normative assessment of the quality of South African annual reports at the transition to integrated reporting, which can be used by future researchers wishing to study the effect of an integrated reporting model on corporate reporting. Based on the views of a selection of corporate reporting experts, the article finds that certain aspects of South African companies’ corporate reports are regarded as providing useful information to users. There are also areas in need of improvement, most notably the disclosure of non-financial information and the integration of this information with the financial performance and strategic vision of the organisation.

scholarly journals Do Boards Determine Integrated Reporting in Nigerian Listed Oil and Gas Firms?

2019 ◽  
Vol 2 (4) ◽  
pp. 35-50
Author(s):  
Teryima Orshi ◽  
Kabiru Isa Dandago ◽  
Rehanet Isa
Keyword(s):  
Value Creation ◽  
Information Needs ◽  
Oil And Gas ◽  
Annual Reports ◽  
Integrated Reporting ◽  
Corporate Reporting ◽  
Oil And Gas Firms ◽  
Positive Effect

Purpose: Integrated reporting is a process founded on integrated thinking, with the aim of issuing periodic integrated reports by firms about value creation over time. This study investigates the effect of board attributes (independence, diligence, and size) on the quality of integrated reporting of Nigerian listed oil and gas firms. Design/Methodology: Panel data are obtained from annual reports of a purposive sample of 10 out of the 12 listed Oil and Gas firms in Nigeria from 2013 to 2017. These are analyzed using multiple regression techniques, via STATA 13.0 software. Results: Based on the analysis conducted, findings show that the board independence and board size have a significant and positive effect, while board diligence has an insignificant and positive effect on the quality of integrated reporting, proxied by integrated reporting disclosure score (IRDSCORE). This outcome implies that having the optimum mix of members on the board influences the extent of integrated disclosures of listed oil and gas firms in Nigeria. Practical Implications: Global corporate reporting is currently driving towards integrated thinking, incorporating financial, governance, social and environmental issues to promote long-term value creation. As a third world nation, the adoption of integrated reports is voluntary in Nigeria. However, considering the information needs of all stakeholders and appointing qualified persons on the board by shareholders, and formulating enabling policies in this direction by regulatory agencies would drive corporate reporting to be more integrative to drive long-term value maximization.

The Effect of Bankruptcy Possibility on Audit Delay and Timeliness (Empirical Study on Manufacturing Companies Listed in Indonesian Stock Exchange in the Period of 2012-2016)

2019 ◽  
Vol 2 (2) ◽  
pp. 118-146
Author(s):  
Triana Meinarsih ◽  
Abdul Yusuf ◽  
Muhammad Zilal Hamzah
Keyword(s):  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Z Score ◽  
Quality Of Accounting Information ◽  
Independent Variable ◽  
A Company

Audit delay and timeliness are important factors that influence the quality of accounting information in term of relevance. This study provides empirical evidence to answer the question of how bankruptcy possibility impacts on audit delay and timeliness.  This research studies manufacturing firms listed in Indonesian Stock Exchange (IDX) in the period of 2012-2016. Data are taken from official website of IDX. This study is a quantitative research that seek to find out relationship between independent variable and dependent variable. External secondary data used are annual reports accessed from IDX website. Measurement used is Z-Score Altman model prediction, while simple linear regression is employed as technical analysis. This study finds that bankruptcy possibility which is measured by ZScore is negatively influence audit delay and timeliness. Any decrease of Z-Score shows the possibility of a company experience bankruptcy and therefore causes audit delay and timeliness.

scholarly journals How Different Fermentation Type Affects Volatile Composition of Plum Jerkums

2021 ◽  
Vol 11 (10) ◽  
pp. 4658
Author(s):  
Magdalena Januszek ◽  
Paweł Satora
Keyword(s):  
Volatile Compounds ◽  
Current Paper ◽  
Higher Alcohols ◽  
High Quality ◽  
Volatile Composition ◽  
Spontaneous Fermentation ◽  
Fermentation Efficiency ◽  
Yeast Strains ◽  
The Impact

Quality of plum jerkum is significantly associated to the profile of volatile compounds. Therefore, we decided to assess the impact of various fermentation types on selected properties of plum jerkums, especially compounds which contribute to the aroma of the finished product. We used the following yeast strains: S. cerevisiae S1, H. uvarum H2, and Ethanol RED (S. cerevisiae). Moreover, we considered spontaneous fermentation. S. cerevisiae and H. uvarum strains were isolated during the fermentation of Čačanska Lepotica or Węgierka Dąbrowicka (plum cultivars), respectively. As for fermentation type, spontaneous fermentation of H. uvarum H2 provided the best results. It could be associated to the fact that plum juices fermented with H. uvarum H2 presented the highest concentration of terpenoids, esters, or some higher alcohols. In the current paper, application of indigenous strains of yeasts resulted in the required oenological characteristics, e.g., highest fermentation efficiency and concentration of ethanol was determined in juices fermented with Ethanol RED (S. cerevisiae) and also with S. cerevisiae S1. Our results suggested that indigenous strains of yeasts present in plums demonstrate great potential for the production of plum jerkums of high quality.

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