scholarly journals Integrated Reporting Practice and Disclosure in Bangladesh’s Banking Sectors

2019 ◽  
Vol 3 (2) ◽  
pp. 147
Author(s):  
Niaz Mohammad
Keyword(s):  
Annual Report ◽  
Sustainability Reporting ◽  
Financial Statements ◽  
Financial Information ◽  
Annual Reports ◽  
Integrated Reporting ◽  
Corporate Reporting ◽  
Reporting Practice ◽  
Social Environmental ◽  
Corporate Social

Integrated reporting (IR) is a new form of corporate reporting that has emerged after decades of calls by academics and practitioners for more holistic and integrated corporate reporting on the economic, environmental, and social aspects of business. The present research relied on a critical review of the literature on IR practices and sustainability reporting. Indexed journals were reviewed, and evidence was drawn upon to develop a model examining the possible determinants of IR in annual reports. To this end, reports from 20 different banks from 2012 to 2017 were considered. Analyzing the financial statements of these banks through their annual reports provided insightful disclosures concerning triple bottom lines (social, environmental, and economic); the findings of the study suggested that very few banks have taken initiatives to disclose such information in their annual reports. Using annual report content analysis, the findings showed that in 2017, companies started providing non-financial information regarding the environment, society, and governance along with financial figures. However, it is noteworthy that companies still provide this information in disconnected strands and as part of corporate governance or corporate social responsibility disclosures instead of linking such information to financial information and providing it within integrated reports.

IR in Romania

2017 ◽  
pp. 46-50
Keyword(s):  
Financial Performance ◽  
Conceptual Model ◽  
National Level ◽  
Financial Information ◽  
Annual Reports ◽  
Successful Implementation ◽  
Integrated Reporting ◽  
Reporting Scheme ◽  
Corporate Reporting ◽  
Social Environmental

This chapter investigates the topic of integrated reporting at national level. We demonstrate that a Romanian company, Rosia Montana Gold Corporation, issued in 2010 an Annual Report that can be considered a real prototype of an integrated report. Derived from the need to fulfill the gaps in corporate reporting (lack of non-financial information in the annual reports, organizations' failure in explaining social/environmental/other impacts, aggregation of CSR/environmental/social reports in the annual reports – without any connectivity to the financial performance, etc.), the new IR trend should be shaped by international accounting organizations and accountancy profession. This is one of the few studies that aimed to develop a conceptual model for the integrated report that can be applied by companies intending to implement this reporting practice. The originality of our book results from the various perspectives contained in our model: from the IIRC content elements and principles, to IASB/IFRS implications for integrated reporting. Finally, we strongly believe that the evolution of integrated reporting will end with a common standard issued by IASB/IFRS in cooperation with IIRC, and even European legislation/ or going further- national requirements. Therefore, research on a complex framework for integrated reporting (that has to address both financial and non- financial focus) and provide extended guidelines for an integrated report, should be useful for standard setters – for regulatory purposes, and companies- for a successful implementation of this reporting scheme.

It is not always bad news

2018 ◽  
Vol 31 (5) ◽  
pp. 1319-1348 ◽  
Author(s):  
Mary-Anne McNally ◽  
Warren Maroun
Keyword(s):  
Impression Management ◽  
Financial Reporting ◽  
Value Creation ◽  
Sustainability Reporting ◽  
Management Control ◽  
Financial Information ◽  
Accounting System ◽  
Integrated Reporting ◽  
Content Type ◽  
Corporate Reporting

Purpose The purpose of this paper is to challenge the notion that non-financial reporting is mainly about impression management or is only a superficial response to the hegemonic challenges posed by the sustainability movement. It focuses on the most recent development in sustainability reporting (integrated reporting) as an example of how accounting for financial and non-financial information has the potential to expand the scope of accounting systems, promote meaningful changes to reporting processes and provide a broader perspective on value creation. Design/methodology/approach The research focuses on an African eco-tourism company which has its head office in South Africa. A case study method is used to highlight differences in the presentation of an integrated business model according to the case entity’s integrated reports and how individual preparers interpret the requirement to prepare those reports. Data are collected using detailed interviews with all staff members involved in the preparation process. These are complemented by a review of the minutes of the company’s sustainability workshops and integrated reports. Findings A decision by the case organisation to prepare an integrated report gives rise to different forms of resistance which limits the change potential of the integrated reporting initiative. Resistance does not, however, preclude reform. Even when individual preparers are critical of the changes to the corporate reporting environment, accounting for financial and non-financial information expands the scope of the conventional accounting system which facilitates broader management control and promotes a more integrated conception of “value”. Research limitations/implications Integrated reporting should not be dismissed as only an exercise in corporate reporting and disclosure; it has a transformative potential which, given time, can enable new ways of managing business processes and articulating value creation. Originality/value This study answers the calls for primary evidence on how the requirement or recommendation to prepare an integrated report is being interpreted and applied by individual preparers. The findings add to the limited body of interpretive research on the change potential of new reporting frameworks. In doing so, the research provides theoretical support for developing arguments which challenge the conventional position that integrated reporting is little more than an exercise in impression management.

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 Integrated Reporting and European State-Owned Enterprises: A Disclosure Analysis Pre and Post 2014/95/EU

2020 ◽  
Vol 12 (5) ◽  
pp. 1908 ◽  
Author(s):  
Giuseppe Nicolò ◽  
Gianluca Zanellato ◽  
Adriana Tiron-Tudor
Keyword(s):  
Public Sector ◽  
Public Management ◽  
New Public Management ◽  
Sustainability Reporting ◽  
Financial Information ◽  
The European Union ◽  
Integrated Reporting ◽  
Long Time ◽  
Increasing Demand ◽  
Social Environmental

The European Directive 2014/95/EU regulating the disclosure of non-financial information for public interest organisations is enjoying its first years since entering into force in 2017. The emerging of social, environmental and sustainability issues in combination with the New Public Management (NPM) reforms, led public sector entities to huge demands of accountability. Long time before the European Union Directive (EUD) on non-financial information, public sector entities were pushed to demonstrate to a broad range of stakeholders how public resources are used. Accordingly, the stakeholders’ increasing demand for social and environmental information has encouraged the adoption of different types of reports by organisations, such as the Corporate Social Responsibility (CSR) Report, Sustainability Reporting (SR) and the Integrated Report (IR).In the context of State-Owned Enterprises (SOEs), the disclosure of non-financial information gains a pivotal relevance as these type of organisations face a more comprehensive range of stakeholders than private organisations. In this vein, the present paper aims to investigate whether the mandatory disclosure directive increased the level of information provided by SOEs issuing an IR between the years 2016 and 2017 in order to demonstrate whether a mandatory regulation leads to higher disclosure.

PENERAPAN ELEMEN-ELEMEN INTEGRATED REPORTING PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

INFO ARTHA ◽  
2017 ◽  
Vol 3 ◽  
pp. 44-61 ◽  
Author(s):  
Nur Aisyah Kustiani
Keyword(s):  
Capital Market ◽  
Stock Exchange ◽  
Financial Statements ◽  
Financial Information ◽  
Descriptive Statistics ◽  
Annual Reports ◽  
Integrated Reporting ◽  
Environmental Liabilities ◽  
The Capital Market

This study aims to determine whether the required elements in the integrated reporting (IR) initiatedby the IIRC has been fulfilled by companies listed on the Indonesia Stock Exchange (BEI). This study is aquantitative study using descriptive statistics of score value of IR elements identified from the reportsand information published through the company 's financial statements, annual reports, sustainabilityreports, and the information presented in the company's website.The results show that, in general, the companies listed on the BEI has met an average of 50 % of therequired elements. It indicates that the companies listed on the Stock Exchange have voluntarily reportednecessary information including financial information and some non-financial information aboutcorporate social and environmental liabilities. This finding also indicates if the capital market authority

scholarly journals Stakeholders’ Expectations on Human Capital Disclosure vs. Corporate Reporting Practice in Malaysia

2018 ◽  
Vol 12 (1) ◽  
pp. 148
Author(s):  
Salawati Sahari ◽  
Esmie Obrin Nichol ◽  
Suzila Mohamed Yusof
Keyword(s):  
Human Capital ◽  
Sustainability Reporting ◽  
Annual Reports ◽  
Corporate Disclosure ◽  
Research Attention ◽  
Reporting Practices ◽  
Corporate Reporting ◽  
Reporting Practice ◽  
Perceived Importance ◽  
Main Driver

Corporate disclosure of human capital has received growing research attention in different countries and markets. While past studies have explored the antecedent and implications of reporting human capital, studies on how far those disclosure practices actually meet the stakeholders’ expectations are still lacking. Hence, this study attempt to apply the stakeholder theory to frame the human capital reporting practices by the corporations in Malaysia. The methodology of this study is twofold; firstly, to develop human capital reporting measurement items as per the stakeholders’ expectation and their perceived importance of those items through a Delphi technique, and secondly, to determine the extent of human capital disclosure practices through a content analysis of the annual reports. The findings indicate that despite stakeholders’ high perceived importance on human capital disclosures, the corporate reporting practices are still at an inferior stage. This study contributes in such a way to fill the gap in the literature by exploring the current extent of human capital reporting by the listed corporations in Malaysia and how far such disclosure met the stakeholders’ expectations. This study also highlights the significance of the stakeholders’ voice and participation as one of the main driver towards sustainability reporting.

Sustainability reporting or integrated reporting: Which one is valuable for investors?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ika Permatasari ◽  
Ika Permatasari ◽  
I Made Narsa
Keyword(s):  
Value Relevance ◽  
Accounting Information ◽  
Sustainability Reporting ◽  
Financial Information ◽  
Integrated Reporting ◽  
Content Type ◽  
Reporting Practices ◽  
Corporate Reporting ◽  
Sustainability Reports ◽  
International Integrated Reporting Council

Purpose This research is motivated by the development of dialogue and debate regarding company reporting in the form of sustainability reporting (SR) – which is separate from the annual report (AR) – or integrated reporting (IR). Research into SR and IR is still fascinating, and this study addresses the debate about them. This study aims to examine which of the two reports is more valuable for investors, and also examine whether IR has value relevance because the information in the IR could reinforce the importance of the accounting information. Design/methodology/approach As with previous studies, we adopted a valuation approach – the Ohlson model – to assess the value relevance of non-financial information (in the form of SR/IR) and financial information. As a preliminary study, we used non-financial information as a binary variable, i.e. a group of companies that issue sustainability reports and a group of companies that issue integrated reports. Therefore, they complement and interact with the financial statements’ information. This paper used panel data consisting of 931 firm-years of SR issuers and 922 firm-years of IR issuers in Europe and Africa in the period from 2005 to 2019. Findings The results showed that SR had a higher value relevance than IR. However, when the authors interact the corporate reporting form with the accounting information, IR had value relevance because the information contained in the IR could reinforce the importance of the accounting information. Practical implications This study will support regulators in various countries to monitor the reporting practices of companies in those countries. The results of this study provide evidence that sustainability reports get a higher response than integrated reports. However, when interacted with the accounting variables, information in the IR is considered to be more relevant than that found in the SR. Therefore, it is hoped that the results of this study will help the International Integrated Reporting Council (IIRC) in reviewing IR practices around the world so that the implementation of IR practices can be realized in accordance with the mission that the IIRC wants to achieve. Originality/value Research into the value relevance of SR and IR has been carried out by several previous researchers separately, but to the best of the author’s knowledge, there are no studies comparing the value relevance of the two.

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 Corporate governance and the timeliness of audited financial statements

2019 ◽  
Vol 9 (4) ◽  
pp. 473-501
Author(s):  
David Mutua Mathuva ◽  
Venancio Tauringana ◽  
Fredrick J. Otieno Owino
Keyword(s):  
Corporate Governance ◽  
Audit Committee ◽  
Annual Report ◽  
Financial Statements ◽  
Positive Influence ◽  
Annual Reports ◽  
Board Diversity ◽  
Content Type ◽  
Corporate Reporting ◽  
Financial Expertise

Purpose The nature of corporate governance (CG) mechanisms in an entity may influence the timeliness of the audited annual report. The purpose of this paper is to argue that the “quality” of CG in a firm has a significant association with the time it takes the audited annual report and financial statements to be released. Design/methodology/approach Using a set of 543 firm-year observations over the period 2007–2016, the authors examine whether a validated CG-Index is associated with audit report delay (ARD). The authors employ both granular as well as aggregated approaches to the analyses. In addition, the authors include control variables known to have an association with ARD in the panel data regressions. Findings The findings, which are robust for self-selection among other checks, reveal that financial expertise in the audit committee, board size, board meetings and independence in the board are associated with longer ARDs. Some CG attributes such as board diversity (i.e. women and different nationalities in the board) are associated with improved timeliness of the annual reports. The results also reveal that a longer tenure for independent directors in the board is associated with a shorter ARD. Overall, the authors find that the composite CG score has a positive influence on the timeliness of annual reports. Research limitations/implications The study focuses on listed companies in one developing country. Additional studies focusing on other jurisdictions could yield more results. Practical implications The study is useful in highlighting those CG characteristics firms should focus on toward the attainment of timely corporate reporting to aid in decision making by users. Originality/value The study is unique since it emphasizes the importance of focusing on an aggregate CG-Index, and the contribution of the CG-Index toward the timeliness 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.

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