Discussion of Results

2017 ◽  
pp. 35-100
Keyword(s):  
Research Area ◽  
Process Research ◽  
Financial Information ◽  
Integrated Reporting ◽  
Creation Process ◽  
Industry Research ◽  
Area 7 ◽  
Area 5 ◽  
Information Research ◽  
Value Creation Process

This chapter presents and discusses the results of our analysis. Regarding the findings our first research study, the questionnaire on IR, we organize the discussion of results into more sections, namely research area (1) the interaction between the financial and non-financial information; IR versus other reports; research area (2) the capitals and the value creation process; research area (3) defining integrated reporting; research area (4) IR costs and benefits; research area (5) determinants of integrated reporting; research area (6) recommendations concerning the IIRC framework; research area (7) the industry; research area (8) characteristics for IR information; research area (9) voluntary versus mandatory IR and assurance. The second part of our research presents the results of the SPSS analysis, and we interpret the data according to its economic and business significance.

scholarly journals Differences in Disclosure of Integrated Reports at Energy and Non-Energy Companies

Energies ◽  
2021 ◽  
Vol 14 (5) ◽  
pp. 1253
Author(s):  
Maja Piesiewicz ◽  
Marlena Ciechan-Kujawa ◽  
Paweł Kufel
Keyword(s):  
Ownership Structure ◽  
Value Creation ◽  
Energy Sector ◽  
Financial Data ◽  
Integrated Reporting ◽  
Creation Process ◽  
And Performance ◽  
Energy Companies ◽  
The Impact ◽  
Value Creation Process

Integrated reports combine financial and non-financial data into a comprehensive report outlining the company’s value creation process. Our objective is to find the completeness of disclosures, which is a crucial aspect of an integrated report’s quality. This study contributes to the integrated reporting examination by identifying quantitative and qualitative gaps when applying Integrated Reporting standards, focusing on the energy sector. We conducted the study on 57 published integrated reports of listed companies in Poland. The content of each report was examined for 49 features divided into eight areas. We identify the strengths and weaknesses of current reporting performance and the impact of the company’s sector on reports’ quality. We noted that there are significant differences among the areas. The major problems concern implementing IIRC’s framework on the connections between the business model and the organization’s strategy, risks, opportunities, and performance. Our research also noted that the level of specific disclosures might be related to a company’s ownership structure. We investigated the significance of differences among companies from the energy and non-energy sectors using statistical methods. As a result of the study, we obtained that disclosures’ completeness depends on the operation sector. The companies in the energy sector publish higher-quality integrated reports than companies in the other sectors.

scholarly journals Model of Axiological Dimension Risk Management

2016 ◽  
Vol 8 (1) ◽  
pp. 211-226
Author(s):  
Ewa Kulińska
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Value Creation ◽  
Synergistic Effects ◽  
Value Added ◽  
Research Area ◽  
Creation Process ◽  
Individual Concepts ◽  
New Research ◽  
Value Creation Process

Abstract It was on the basis of the obtained results that identify the key prerequisites for the integration of the management of logistics processes, management of the value creation process, and risk management that the methodological basis for the construction of the axiological dimension of the risk management (ADRM) model of logistics processes was determined. By taking into account the contribution of individual concepts to the new research area, its essence was defined as an integrated, structured instrumentation aimed at the identification and implementation of logistics processes supporting creation of the value added as well as the identification and elimination of risk factors disturbing the process of the value creation for internal and external customers. The base for the ADRM concept of logistics processes is the use of the potential being inherent in synergistic effects which are obtained by using prerequisites for the integration of the management of logistics processes, of value creation and risk management as the key determinants of the value creation.

scholarly journals How do current public Integrated Reports align with the IR Framework?

2015 ◽  
Vol 89 (12) ◽  
pp. 518-532 ◽  
Author(s):  
Paul Hurks ◽  
Henk Langendijk ◽  
Kavita Nandram
Keyword(s):  
Resource Allocation ◽  
Value Creation ◽  
Current Practice ◽  
Pilot Program ◽  
Integrated Reporting ◽  
Legal Requirements ◽  
Creation Process ◽  
Guiding Principles ◽  
Value Creation Process

This paper examines empirically the current practice with regard to integrated reporting according to the IR Framework among the 104 original participants (companies) of the IIRC Pilot program. We made a selection with respect to these 104 participants based on organization’s stipulation that they issue an integrated report and/or that they made use of the IR Framework for their report in a journey towards integrated reporting. In general we can conclude that the 38 companies in our sample are well ahead on the journey of integrated reporting. These 38 companies comply to a certain extent with the requirements with respect to the fundamental concepts, guiding principles and content elements of the IR Framework. Also the majority of the annual integrated reports have an assurance opinion. The main Welds of improvements are the connection of the content elements with the capitals and the value creation process. Furthermore, companies should pay more attention to the content element ‘opportunities’ and not only display their ‘risks’. Also, companies should treat the content element ‘governance’ as a means to create value and have this element connected with the capitals. Currently the governance information is rather traditional and in line with the legal requirements. Moreover there is room for improvement with respect to the content element ‘strategy in relation with resource allocation’ (use of capitals). The content element ‘basis of preparation and presentation’ is often not present in the annual integrated report.

scholarly journals Integrated Reporting Performance – Effect of Organizational Behavior Development

2020 ◽  
Vol 14 (1) ◽  
pp. 13-20
Author(s):  
Tatiana Dănescu ◽  
Radu Bogdan Matei
Keyword(s):  
Organizational Behavior ◽  
Financial Reporting ◽  
Stock Exchange ◽  
Research Area ◽  
Financial Information ◽  
Social Dimensions ◽  
Integrated Reporting ◽  
Performance Effect ◽  
Behavior Development

Abstract The effects of the economic crisis and the numerous financial failures of major companies call into question the reliability of financial reporting, which is considered insufficient in reflecting the clear and complete picture of performance, assessed in financial, environmental and social dimensions. In order to obtain an integrate report, it is necessary to combine both financial and non-financial information. Non-financial reporting supports and complements the classic ones, but the complexity of the information provided must also be taken into account, as the phenomenon of opacity may occur, not only due to lack of transparency but also due to difficulty of understanding by users and producer of financial information. Therefore, in the context of long-term global interests, to support sustainable development it becomes important to bring to the research area the identification of the current stage of implementation of integrated reporting with the exemplification of the ranking of sustainability reports of companies listed on the Bucharest Stock Exchange (BSE).

scholarly journals Disclosure of Intellectual Capital Components in Integrated Reporting: An Empirical Analysis

2018 ◽  
Vol 11 (1) ◽  
pp. 62 ◽  
Author(s):  
Serena Santis ◽  
Michela Bianchi ◽  
Alberto Incollingo ◽  
Marco Bisogno
Keyword(s):  
Intellectual Capital ◽  
Value Creation ◽  
Financial Services ◽  
Integrated Reporting ◽  
Creation Process ◽  
Services Sector ◽  
Financial Services Sector ◽  
Analysis Methodology ◽  
The One ◽  
Value Creation Process

The purpose of the study is to investigate how firms disclose information in their integrated report (IR) on intellectual capital (IC), regarding its components and their link with the value creation process. Therefore, by adopting a content analysis methodology, the study, which covers three years (2014–2016), is focused on IC. A sample of firms belonging to the financial services sector is investigated by analysing 135 integrated reports. The main findings show that firms, on the one hand, provide information on IC by adopting a classification close to those outlined by IC scholars; on the other hand, the vast majority of the investigated firms tends to adopt a superficial approach. More specifically, firms disclose a low amount of information about the link between IC and the value creation process, even though they are aware of its importance.

scholarly journals Does Corporate Governance Affect the Quality of Integrated Reporting?

2020 ◽  
Vol 12 (10) ◽  
pp. 4262 ◽  
Author(s):  
Thilini Cooray ◽  
A. D. Nuwan Gunarathne ◽  
Samanthi Senaratne
Keyword(s):  
Corporate Governance ◽  
Value Creation ◽  
Mandatory Reporting ◽  
Quality Information ◽  
Sri Lankan ◽  
Integrated Reporting ◽  
Creation Process ◽  
Reporting Requirements ◽  
Value Creation Process

This study examines how governance mechanisms affect the quality of integrated reporting (IR), which is fast emerging both as a tool to help firms understand their value creation process and to communicate effectively with external stakeholders. This study first developed an index to assess the quality of integrated reports. Subsequently, 132 integrated reports of Sri Lankan public listed companies selected over a three-year period were content analysed. The hypotheses formulated on the relationship between corporate governance and the quality of IR based on the agency theory were analysed using multivariate linear regression and panel regression. The results show that there is limited support from the corporate governance system for providing quality information to stakeholders on the value creation process through IR, except for board size and the availability of a separate risk management committee. This is the result of the heavy emphasis of corporate governance requirements and the resulting mechanisms of Sri Lankan companies on mandatory corporate reporting requirements compared to a voluntary reporting model such as IR. Since many corporate governance aspects are meant to fulfill mandatory reporting requirements, the results imply that the directors have given limited attention to providing quality information through voluntary disclosure practices such as IR, although they use resources to prepare integrated reports.

scholarly journals Case Studies of Value Creation on Integrated Reporting in Japan

2020 ◽  
pp. 25-40
Author(s):  
Dr. Kazunori Ito
Keyword(s):  
Value Creation ◽  
Balanced Scorecard ◽  
Business Strategy ◽  
Information Disclosure ◽  
Social Issues ◽  
Integrated Reporting ◽  
Discussion Paper ◽  
Creation Process ◽  
Value Loss ◽  
Value Creation Process

How to visualize the value creation process is a major issue in integrated reporting. If a strategy map of Balanced Scorecard (BSC) is used, value creation and suppression of value loss can be visualized separately according to the strategic theme. The value creation process can be visualized by distinguishing between strategic themes in business strategy and strategic themes solving social issues. However, there is an issue in that companies that have not adopted the BSC cannot use strategy maps. For this reason, how to visualize the value creation process is a highly interesting topic to investigate. The International Integrated Reporting Council's IIRC framework (2013b) mainly focuses on information disclosure to financial capital providers, and visualization of the value creation process focuses on value creation through business strategy. At the sametime, an IIRC discussion paper (IIRC, 2011) contained a proposal that also focused on suppression of value loss to stakeholders by solving social issues.

Charity Sport Event Sponsorship as Value Creation Strategy: An Event Participant Perspective

2021 ◽  
pp. 1-14
Author(s):  
David Fechner ◽  
Kevin Filo ◽  
Sacha Reid ◽  
Robyn Cameron
Keyword(s):  
Multiple Sclerosis ◽  
Value Creation ◽  
Service Provider ◽  
Internet Service Provider ◽  
Sport Event ◽  
Internet Service ◽  
Creation Process ◽  
Semistructured Interviews ◽  
Sport Events ◽  
Value Creation Process

Sponsoring charity sport events (CSEs) represents an opportunity for businesses to achieve a variety of marketing objectives. Event sponsors need to promote their brand in an authentic manner because CSE participants may be skeptical of the sponsor if they believe the organization is supporting the event solely for commercial purposes. The current research examines the perceptions that CSE participants have for a sponsor’s contribution to the value creation process of the event. Semistructured interviews (N = 17) were conducted with MS (multiple sclerosis) Moonlight Walk 2018 participants to explore how this key stakeholder perceives the contribution of the sponsor (Harbour ISP [Internet service provider]) in the event experience. Five themes were uncovered: raising CSE awareness, cultivating a fundraising network, engaging authentically, celebrating constituents, and providing operational support. Building on the findings of this research, CSE managers and sponsors should work to share the story behind their partnership while integrating event participants in the development of the sponsorship program.

Is property management viewed as a value-added service?

2019 ◽  
Vol 37 (2) ◽  
pp. 262-274 ◽  
Author(s):  
Dustin C. Read ◽  
Andrew Carswell
Keyword(s):  
Real Estate ◽  
Value Creation ◽  
Value Added ◽  
Professional Service ◽  
Property Management ◽  
Individual Property ◽  
Content Type ◽  
Creation Process ◽  
A Value ◽  
Value Creation Process

PurposeThe purpose of this paper is to examine the perspectives of real estate executives to assess the extent to which property management is viewed as a commodity or as a value-added professional service contributing positively to investment performance and property value maximization.Design/methodology/approachThe qualitative analysis draws on the result of 93 semi-structured interviews conducted with executives employed by some of the largest real estate investment management and service firms across the USA.FindingsThe findings suggest that significant perceptual cleavages exist in the real estate industry, with some executives believing property managers are incredibly important to the value creation process and others believing they play a much more modest role.Practical implicationsThe results highlight the need for the property management industry as whole to continue its efforts to gain recognition as a value-added professional service and for individual property management companies to actively take steps to differentiate themselves from competitors if they hope to avoid commodification and fee compression.Originality/valueThe study is the first to the authors’ knowledge to examine real estate executives’ perspectives about the roles property managers play in the value creation process, as well as their views about whether property managers have the skills and autonomy required to make value accretive decisions.

Value creation through expanding the online distribution channel

2020 ◽  
Vol 120 (4) ◽  
pp. 714-729
Author(s):  
Frank Wiengarten ◽  
Hugo K.S. Lam ◽  
Di Fan
Keyword(s):  
Supply Chain ◽  
Stock Market ◽  
Value Creation ◽  
Distribution Channel ◽  
Chain Process ◽  
Market Reactions ◽  
Content Type ◽  
Creation Process ◽  
Stock Market Reactions ◽  
Value Creation Process

PurposeCurrent literature provides limited insights into the supply chain contexts within which e-commerce can create higher value for firms. To address this literature gap, this research explores the value potential, and thus value creation process, of e-commerce initiatives for supply chain distribution channel expansions.Design/methodology/approachUsing secondary data collected from multiple sources, this research conducted an event study to examine the stock market reactions to the announcements of e-commerce initiatives of Chinese firms.FindingsThe results indicate that the e-commerce initiatives increase average firm value by CNY 295.29 million in a three-day window around the initiative's announcement date. Moreover, we find that such stock market reactions are more positive for firms with poor operating performance, and more negative when firms deploy initiatives on their own (rather than third-party) platforms. Further, companies that integrate or complement their online sales with an offline sales channel experience more positive stock market reactions.Originality/valueThis study provides new insights into the value creation process of e-commerce from an operation and supply chain process perspective.

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