scholarly journals Analysis of Voluntary Disclosure Before and After the Establishment of the Integrated Reporting Framework

2018 ◽  
Vol 3 (4) ◽  
pp. 105-113
Author(s):  
Nahariah Jaffar ◽  
Azleen Shabrina Mohd Nor ◽  
Zarehan Selamat
Keyword(s):  
Voluntary Disclosure ◽  
Listed Companies ◽  
Jel Classification ◽  
Annual Reports ◽  
Integrated Reporting ◽  
Corporate Reporting ◽  
Reporting Framework ◽  
Before And After ◽  
Governance Strategy ◽  
Do So

Objective - The goal of integrated reporting is to enhance the cohesiveness and efficiency of corporate reporting. It encourages organizations to create greater value by identifying the factors that have a material impact on its operations. The Integrated Reporting (IR) Framework guides the overall content of an integrated report through the Guiding Principles and Content Elements. The Framework has eight elements. This study explores the level of voluntary disclosure of information related to these eight elements by companies listed on the Bursa Malaysia before and after the establishment of the Framework. Methodology/Technique - This study examines the annual reports of 603 Main Market listed companies of Bursa Malaysia between 2012 and 2015. The year 2012 is referred to as the "pre-issuance period" while 2015 is referred to as the "post issuance period". Findings - The findings of the study show that the companies that do disclose more information, do so in relation to three out of the eight elements only. These are: governance, strategy and resource allocation, and outlook. Overall, there is a lack of lineage among the information related to the IR elements presented in the annual reports. Novelty - The findings demonstrate the need for the full adoption of integrated reporting in Malaysia. Type of Paper Empirical Keywords: Content Elements; Integrated Reporting Framework; Listed Companies; Pre and Post Issuance Period; Voluntary Disclosure. JEL Classification: M40, M41, M49.

Do corporate attributes drive integrated reporting amongst listed companies in Nigeria?

2021 ◽  
Vol 14 (1) ◽  
Author(s):  
Michael O. Adelowotan ◽  
Ini E. Udofia
Keyword(s):  
Stock Exchange ◽  
Least Square ◽  
Annual Reports ◽  
Primary Data ◽  
Integrated Reporting ◽  
Listed Firms ◽  
Reporting Framework ◽  
Primary Data Analysis ◽  
High Level ◽  
The Impact

Research purpose: The purpose of this paper was to investigate the association between corporate attributes and the implementation of Integrated Reporting (IR) among quoted companies on the Nigerian Stock Exchange which currently operates a voluntary based disclosure environment.Design and method: Using content analysis to derive the disclosure scores for integrated reporting and corporate attributes, the authors investigated the impact of corporate attributes on the implementation of the integrated reporting of a sample of 90 listed firms. The annual reports covering 2013–2017 were analysed using the disclosure methodologies developed by prior researchers in IR. The hypotheses were tested using panel least square regressions.Main findings: The authors found that corporate attributes have a statistically positive and significant impact on the implementation of integrated reporting framework, that share ownership structure and firm age have an insignificant influence over corporate implementation of the integrated reporting framework. The research findings extend integrated reporting research in Nigeria from mere primary data analysis to quantitative data analysis.Practical implications: The empirical findings provide regulators with evidence on the current level of integrated reporting disclosures and the influence of corporate attributes in driving integrated reporting.Originality and value: The study makes significant contributions to integrated reporting literature from a developing country’s perspective. It also provided empirical evidence of a high level of disclosure compliance with the IR framework among quoted companies in Nigeria.

The determinants of corporate social responsibility disclosure: evidence from Vietnam’s listed companies in chemical industry

2020 ◽  
Vol 20 (1) ◽  
Author(s):  
Nguyen Thuy Anh ◽  
Hue Ly Tran ◽  
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Chemical Industry ◽  
Listed Companies ◽  
International Standards ◽  
Annual Reports ◽  
Reporting Framework ◽  
Chemical Companies ◽  
Csr Disclosure ◽  
Corporate Social

This paper aims to observe corporate social responsibility (CSR) disclosure and to identify the determinants of CSR disclosure (CSRD) of Vietnam’s listed companies in chemical industry from 2014 to 2017. A rating system was built by incorporating the comprehensive Global Reporting Initiatives (GRI) reporting framework to measure firm’s CSR disclosure. The financial data was collected from FiinPro and manually collected from annual reports. The findings show that CSRD in Vietnam’s chemical companies is still inadequate, and most of the firm disclosure is far below the international standards. In addition, it is found that firm size, profitability and female board members have a positive correlation with CSR disclosure. On the other hand, CEO gender has a significant relationship with CSR disclosure. The results strengthen the previous studies and give more detailed implications to managers in this industry.

Voluntary disclosure of accounting ratios and firm-specific characteristics: the case of GCC

2020 ◽  
Vol 18 (2) ◽  
pp. 301-324
Author(s):  
Ayman E. Haddad ◽  
Fatima Baalbaki Shibly ◽  
Ruwaidah Haddad
Keyword(s):  
Voluntary Disclosure ◽  
Manufacturing Firms ◽  
Annual Reports ◽  
Content Type ◽  
Market Participants ◽  
Corporate Reporting ◽  
Data Regression ◽  
Incident Rate ◽  
Rate Ratios ◽  
Accounting Ratios

Purpose The purpose of this study is to investigate the voluntary disclosure of accounting ratios in the corporate annual reports of manufacturing firms in the Gulf Cooperation Council (GCC) and determines whether an association exists between voluntary disclosure and firm-specific characteristics namely, size, profitability, leverage, liquidity and efficiency. Design/methodology/approach A sample of 53 GCC listed manufacturing firms and 263 firm-year observations were observed over the period 2011 to 2015. A count data regression (Poisson) with incident rate ratios was used to identify the relationship between firms’ voluntary disclosures of accounting ratios and other firm-specific characteristics. Findings During the period under review, the voluntary disclosure of accounting ratios provided in annual reports of GCC firms were found to be exceedingly low. On average, a GCC company discloses at most two accounting ratios in its annual reports. The results also show that the profitability ratios are the most popularly reported ones. Controlling for family board domination, the results also reveal that structure-related variables (firm size and leverage) are positively associated with accounting ratio disclosures. However, performance-related variables (profitability, liquidity and efficiency) have no significant effect on disclosures. The authors conclude that signaling theory as implied in the performance-related variables is not strongly supported in the GCC region. Originality/value This is the first known study to investigate the disclosure of accounting ratios and its determinants within the context of GCC. The findings of this study could be beneficial to both agents and principals in assessing the associated risks. The study provides regulators and market participants an understanding of the corporate reporting activities of manufacturing firms in the GCC and who accordingly will be able to consider associated policy implementation.

scholarly journals Propagating Transparency and Accountability Through Integrated Reporting: An Empirical Insight From a Developing Country

2019 ◽  
Vol 10 (5) ◽  
pp. 92
Author(s):  
Faizah Darus ◽  
Shafawati Farhana Mohd Safihie ◽  
Haslinda Yusoff
Keyword(s):  
Developing Country ◽  
Integrated Approach ◽  
External Pressure ◽  
Annual Reports ◽  
Positive Relationships ◽  
Integrated Reporting ◽  
Independent Variables ◽  
Corporate Reporting ◽  
Content Analyses ◽  
Empirical Insight

Increasing pressure from stakeholders that demands for a holistic corporate report both in terms of financial and non-financial information, has resulted in a move towards a more integrated approach in corporate reporting. The aim of this study is to examine the presence of the elements of integrated reporting and the drivers for the adoption of such reports. The influence of internal and external pressure from the perspective of agency and stakeholder theories forms the focus of this study. Content analyses of the annual reports of the top 100 companies in Malaysia for the year 2014 are examined. The results show positive relationships for the independent variables mission and vision, and risk and opportunities with the presence of the elements of integrated reporting in the annual reports. The positive relationships reveal that companies that align key strategies with the mission and vision statement and take measures to address risk and opportunities of the organization, will be more proactive in implementing integrated reporting. The findings provide empirical evidence on the progress of integrated reporting in a developing country where research to examine the effects of specific determinants on the likelihood of companies in a developing country providing integrated reports is almost non-existent.

Internal control quality and voluntary disclosure: does CEO duality matter?

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hichem Khlif ◽  
Khaled Samaha ◽  
Ines Amara
Keyword(s):  
Internal Control ◽  
Voluntary Disclosure ◽  
Positive Impact ◽  
Emerging Market ◽  
Annual Reports ◽  
Structural Power ◽  
Ceo Duality ◽  
Content Type ◽  
Corporate Reporting ◽  
Control Quality

PurposeThe authors examine the association between internal control quality (ICQ) and voluntary disclosure and test whether chief executive officer (CEO) duality, as a proxy for CEO structural power, moderates such a relationship in an emerging market (Egypt).Design/methodology/approachICQ is measured using a survey of external auditors, while a content analysis approach is used to measure the level of voluntary disclosure in annual reports.FindingsBased on a sample of 512 firm-year observations over the period of 2007–2014, the authors document that ICQ is positively and significantly associated with voluntary disclosure, suggesting that better controls improve corporate reporting policy. In addition, CEO duality moderates the association between ICQ and voluntary disclosure since this positive relationship association becomes insignificant for companies characterised by CEO duality. These results remain stable after controlling for endogeneity (self-selection problem), political instability and industry characteristics.Research limitations/implicationsThe findings of the study provide preliminary evidence on the association between ICQ and voluntary disclosure, and how CEO structural power may affect this association. Future empirical investigations may extend this work to cover the relationship between ICQ and other attributes of corporate transparency including earnings quality and accounting conservatism.Practical implicationsThe findings highlight the need for Egyptian regulators to enact new rules obliging firms to communicate information about ICQ or charging auditors to report information about firm's ICQ in their reports. The results also alert policymakers about the adverse effect of combined leadership structure (CEO duality) since it mitigates the positive impact of ICQ on voluntary disclosure.Originality/valueThe authors contribute to internal control literature by exploring the association between ICQ and voluntary disclosure on an emergent unregulated market with respect to internal control disclosure. They also highlight how CEO duality, as a proxy for CEO power, mitigates the beneficial effect of ICQ on corporate reporting policy on the Egyptian stock exchange (EGX).

scholarly journals Integrated Reporting: Are Indonesian Companies Ready to Do It?

2016 ◽  
Vol 1 (2) ◽  
pp. 62-70
Author(s):  
Amelia Setiawan
Keyword(s):  
Content Analysis ◽  
Data Collection ◽  
Sustainability Reporting ◽  
Annual Reports ◽  
Main Concern ◽  
Integrated Reporting ◽  
Public Companies ◽  
Corporate Reporting ◽  
Data Collection And Analysis ◽  
Preliminary Research

Many companies in Indonesia already have completed sustainability reporting (SR) in their corporate reporting eventhough the regulation has not required public companies to disclose Integrated Reporting (IR) in their report. Are companies with excellent sustainability reporting ready to release integrated reporting? This question is the main concern of this paper. The published guidelines by IIRC are divided into two categories: guidelines which can be assessed objectively and those that cannot be measured objectively. Content analysis is used for data collection and analysis for annual reports of the companies used as sample in this research. The result of this research showed that companies that won Indonesia Sustainability Reporting Award are ready to disclose Integrated Reporting with few modification which adds the value of their report. The implication of the study for public companies is a encouragement to publish integrated reporting and for researchers is being preliminary research for developing research about integrated report in Indonesia.

scholarly journals Influence of integrated reporting ratings, CEO age, and years of experience on the share price of top 106 JSE listed companies

2016 ◽  
Vol 14 (3) ◽  
pp. 216-231 ◽  
Author(s):  
Patient Rambe ◽  
Tonderayi B. Mangara
Keyword(s):  
South African ◽  
Business Models ◽  
Stock Exchange ◽  
Listed Companies ◽  
Share Price ◽  
Years Of Experience ◽  
Integrated Reporting ◽  
African Countries ◽  
Corporate Reporting ◽  
The Impact

Integrated corporate reporting (ICR), which entails the process of compiling, documenting and reporting on company’s resources, its ongoing relationships with key stakeholders; business models; products (services); and the impact of such products (or services) on stakeholders, society, as well as the environment to optimize company value, has generated considerable interest among top 100 Johannesburg Stock Exchange (JSE) listed companies in South Africa over the last decade. Despite the surging interest in ICR to leverage the social responsibility, transparency and public accountability of companies in the developing African countries, little is known about the combined influence of ICR and internal company resources and/ capabilities (e.g., age and experience of the Chief Executive Officer (CEO)) on the performance of South African listed companies. The main objective of this study, therefore, is to examine the impact of Integrated Reporting Ratings (IRR); the company CEO’s age; and his/her years as a CEO on the share price of the company within the South African context. The top-106 JSE listed companies for the period Year-end 2014 constitute the sample for this study. Multivariate non-parametric regression is used to model the relationship between the predictor (i.e., independent) variables and the response (i.e., dependent) variable using MATLAB. The model developed in this study is, then, used to evaluate the impact of IRR; the CEO’s age and years of experience as CEO on the share price of individual companies. The proposed methodology is illustrated step-by-step. The finding of the study reveal that the share price of a company tended to increase with an increase in IRR, age and years of experience of the CEO, demonstrating that a company’s established history in integrated reporting and corporate experience positively impact its performance (i.e., the share price). Keywords: integrated corporate reporting, corporate responsibility, JSE listed companies, MATLAB. JEL Classification: G17

scholarly journals Influences of proprietary and political costs on disclosure of directors’ and executives’ remuneration and ownership

2008 ◽  
Vol 5 (4) ◽  
pp. 173-185 ◽  
Author(s):  
Dennis Taylor
Keyword(s):  
Voluntary Disclosure ◽  
Listed Companies ◽  
Annual Reports ◽  
Information Costs ◽  
Top Executives ◽  
Proprietary Costs ◽  
Political Costs ◽  
Investment Opportunity Set ◽  
Disclosure Decisions ◽  
Types Of Information

Remuneration to, and ownership by, directors and top executives (D&Es) of listed companies have been subjected to calls for transparency as part of the corporate governance movement. Using the annual reports of 161 Australian listed companies, this study investigates the comparative impacts of proprietary and political information costs on management ‘s voluntary disclosure decisions concerning D&Es’ cash-based and equity-based remuneration, termination benefits, related-party transactions, shares held, and changes in ownership in their company. A firm’s investment opportunity set (using both market-based and accounting-based measures) is treated as a proxy for proprietary costs, while media attention and shareholder activism are used to proxy for political costs of voluntary disclosure. Results of this study provide evidence of the relative importance of two major types of information costs, proprietary and political, in influencing management’s (i.e., D&E’s ) decision concerning the extent to which they disclose sensitive details of their remuneration and ownership

Ownership Structure and Voluntary Disclosure of Intellectual Capital

2013 ◽  
pp. 390-404 ◽  
Author(s):  
Kin Gan ◽  
Zakiah Saleh ◽  
Massoud Abessi
Keyword(s):  
Content Analysis ◽  
Longitudinal Study ◽  
Intellectual Capital ◽  
Ownership Structure ◽  
Voluntary Disclosure ◽  
Annual Reports ◽  
Reporting Framework ◽  
Speed Up ◽  
Regulatory Bodies ◽  
The Relationship

The objective of this study is to investigate the relationship between ownership structure and voluntary disclosure of intellectual capital (IC). Ownership structure examined is family-owned (FAMC), government-linked companies (GLC) and diffused ownership (OWNDIFF). Using content analysis, a longitudinal study was carried out from years 2006 to 2008 on 162 top companies listed in Bursa Malaysia. Results show that GLCs and OWNDIFFs voluntarily disclose information on IC. In contrast, FAMCs strictly adheres to their secrecy of not disclosing more details than those stipulated by law. This study differs from prior IC disclosure studies in that it discusses voluntary disclosure from agency as well as institutional theory in explaining the relationship between ownership structure and voluntary disclosure of IC. This study may be of interest to various stakeholders such as governmental and regulatory bodies, owners and institutional investors, analysts, as well as policymakers in meeting the growing demand for intangible information to be incorporated in annual reports. It will also facilitate further calls for them to speed up their efforts in producing guidelines for a more consistent IC reporting framework.

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