Communicating value in the 21st century, 2011 integrated reporting brings together material information about an organizations strategy, governance, performance and prospects in a way that reflects the commercial, social and environmental context within which it operates. Sustainabledevelopmentgoalsandthefutureofcorporatereporting1. Secondly, the case selection criteria aims to include in the research sample. Paul hurks, henk langendijk and kavita nandram executive summary this paper examines empirically the current practice with regard to integrated reporting according to the framework among the 104 ori. This information will allow smes to provide an assessment of the longterm viability of an. Integrated reporting, nonfinancial information and. Integrated reporting uq espace university of queensland.
This thesis is the result of a dedicated work, high academic effort and most importantly, a passionate approach towards the research topic. Social and environmental reporting as a part of the integrated reporting 2163 2011. This thesis uses the best available selection of companies listed on. The integrated report should also bridge time horizons. How do current public integrated reports align with the framework. The integrated reporting journey and the influence of sustainability reporting i acknowledgements as the thesis title suggests, this research project has been a true journey. The international integrated reporting council iirc advocates that integrated reporting. The sample reporting period was 2012 and 20 because the pilot started in. Towards mainstreaming integrated reporting theoretical. What is the state of the art with regard to the most important initiatives that is, tools, standards, guidelines, and so on aimed at supporting companies in managing social, environmental and sustainability performance. Therefore, this thesis will focus upon whether integrated reporting has given any valuerelevance for a company under the mandatory requirement, contrary to the voluntary requirements. Purpose the purpose of this paper is to establish why firms in developing countries are slow to adopt integrated reporting ir and what needs to be done to ensure such firms embrace the.
A new reporting framework called integrated reporting had been raised. Sustainability reporting, integrated reporting, analyst. An exploration of adoption, sustainability embeddedness and decoupling mohamed esmail elmaghrabi a thesis submitted in fulfilment for the degree of doctor of philosophy september 2014 accounting and finance division stirling management school university of stirling united kingdom. The idea in brief an integrated report enables the reader to better understand the cause and effect relationships between, for example, financial and sustainability performance. The two research questions derived from the research problem, which the thesis aims at addressing, are the following. This may in part reflect the fact that around half the sample have not yet produced a full integrated report. Integrated reporting has been presented as a solution to this problematic situation. Traditional sustainability reporting includes the effect a companys actions have on the economy, society and environment. This thesis investigates what effect adoption of the framework has on the. The effect of corporate sustainability reporting on firm.
Several obstacles, that at times seemed insurmountable, appeared on the way and it was not always clear which paths to follow. With regard to the timing of this research, this would appear to coincide to a significant degree with the formation of the international integrated reporting. The paper aims to be a useful resource for those about to start or who have recently started their integrated reporting journey, but could also be of use to those already some way down the road. In this dissertation i offer explanations for how sustainability reporting has developed from a peripheral practice into a more widely accepted and adopted one. Integrated reporting, corporate governance, and the future of. It analyses the integrated reporting practices of dutch organisations to delineate the dynamics that foster or impede this mechanism. A template for integrated reporting abstract purpose this paper sets out to outline the concept of integrated reporting and to propose a template for integrated reporting in organisations. Critical to integrated reporting is the concept of sustainable.
An integrated report is a single document that presents both an organizations. Working paper submitted to the eufin 2016 workshop1 tudor oprisor phd student, babesbolyai university of clujnapoca. View integrated reporting research papers on academia. Moreover, it provides a portrayal for the adoption of the new practice among corporations. How do current public integrated reports align with the. The effect of integrated reporting on corporate environmental. South africa, however, is considered the pioneering country when it comes to formalised integrated reporting, as it played a pivotal part in driving the implementation of integrated reporting to where it is today. Integrated reporting as an internal mechanism for organisational.
With regard to the timing of this research, this would appear to coincide to a significant degree with the formation of the international integrated reporting council iirc in august. An integrated report should be a companys primary report, enabling stakeholders to assess the ability of an organisation to create and sustain value over the short, medium and longterm by bringing together financial and nonfinancial information to provide a holistic and integrated view of the. Investors and stakeholders rely on highquality integrated reports. Purpose this thesis aims to examine and assess to what extent companies listed on the. This thesis intends to distill the strategic impact of integrated reporting. The integrated reporting journey and the influence of. To translate integrated thinking into integrated reporting the organization should convey a holistic view of strategy,governance,performanceand prospects. Integrated reporting is a process founded on integrated thinking that results in a periodic integrated report by an organization about value creation over time. Investors and stakeholders rely on highquality integrated reports to obtain social. The integrated reporting is a new form of corporate reporting aims to provide a holistic picture of an organizations performance. Scan of research on integrated reporting in south africa. Designmethodologyapproach the approach to the conceptual model is founded on concepts proposed on integrated reporting by the king report on governance for south africa king iii, and the. Working paper submitted to the eufin 2016 workshop1 tudor oprisor phd student, babesbolyai university of clujnapoca tudor. Towards mainstreaming integrated reporting theoretical landscape and practical insights arvi kass masters thesis business economics accounting and taxes publish your bachelors or masters thesis, dissertation, term paper or essay.
On motives and crossindustry motive variations as depicted in corporate annual reports research objective. Integrated reporting, ir framework, sustainability reporting, iirc, sociology. Pdf the dynamic and increasing evolution of economic conditions. An integrated report is a concise communication about how an organizations. Integrated reporting is presented by the international integrated reporting committee iirc as a format that can improve disclosure and provide shareholders with more complete information iirc, 2011. A thesis submitted in fulfilment for the degree of doctor of philosophy.
The research question in this thesis is what is integrated reporting and is it a value. Do companies that use integrated reporting in our sample perform better. Factors affecting companys capability in performing integrated reporting. From accas research, there is much potential but also much still to be done to spell out the benefits to the most important audience of all. Corporate social responsibility and firm performance. The effect of integrated reporting on integrated thinking. Integratedreportingservesasa platform to furnish more detailed data than what is available only in a paper or pdf report. Integrated reporting will allow smes to release more inclusive and useful reports on all aspects of performance, including environmental, socia and g,l overnance, as we as economicll, in a concise and userfriendly format. It is intended that the international framework, which provides. Integrated reporting in the marketplace integrated reporting, spearheaded by the international integrated reporting council iirc, is a template for a new type of financial reporting.
Integrated reporting results in a broader explanation of performance than traditional reporting. The framework does not require the integrated report to be one single. Since the current business reporting model was designed, there have been major changes in the way business is conducted, how business creates value and the context in which business operates. Master thesis in accounting and financial management fall 2014 the effect of integrated reporting on corporate environmental disclosure a study on the implications of adopting the framework andrea poignant1 sofia stensio2 abstract. An integrated report offers a concise, standalone com munication about how an organizations strategy. This paper provides a perspective on integrated reporting, a brief history of reporting trends, a discussion of common challenges, and some practical recommendations for the adoption of integrated reporting. If integrated reporting is the future for corporate reporting, then these dominating logics in the translation of the ir framework might set the tone for the sustainability reporting that will be spread by consultants in a swedish context. Towards integrated reporting communicating value in the 21st. A thesis submitted in fulfilment for the degree of doctor. Africa, unpublished masters dissertation, university of south africa, pretoria. Thesis advisor kirsi eraranta year of approval 2017 number of pages 89 language english objective of the study the objective was to study how companies communicate sustainability before and after the adoption of integrated reporting. A thesis submitted in fulfilment for the degree of doctor of.
It has been accepted for inclusion in this collection by an authorized administrator. I would like to state my immense gratitude towards my supervisor, prof. The effect of corporate sustainability reporting on firm valuation brian d. City of warsaw integrated sustainability report, as well as the profile of the integrated reporting public sector pioneer network. Integrated reporting is therefore not just about the report,but about the process of the organizationsunique approachto value creation. Articles 118 economic alternatives, issue 1, 20 integrated reporting and smes to benefit from economies of scale, their relatively low level of capital intensity. The purpose of this thesis is to investigate how integrated reporting can act as an internal change mechanism. Study of the effectiveness of online marketing on integrated marketing communication is the bonafide research work carried out by ms. The use and usefulness of integrated reporting richard slack durham university david campbell newcastle university. Support integrated thinking, decisionmaking and actions that focus on the creation of value over the short, medium and long term. The study uses a relatively large sample driven from the global reporting initiative gri report list and tests it empirically using panel data from 20022010. Integrated reporting, framework, sustainability reporting, strategic.
A case study of eskom shaun vorster university of stellenbosch business school christelle. The evidence in this research indicate that firms which practise integrated reporting do not have increased abilities to access financial resources relative to firms which do not practise integrated reporting. The sustainability content of integrated reports a survey. The integrated report is the product of the processes of connectivity and integrated thinking in the organization. Integrated reporting for a good corporate governance. This master thesis examines the developments of integrated reporting theory and provides practical insights, based on a survey conducted among southafrican listed entities, into how businesses perceive the new reporting concept.
Tudor oprisor phd student, babesbolyai university of cluj. Integrated reporting means publishing a concise report integrated report. The research also explores the extent to which organisational culture and management systems underpin and operationalise integrated reporting ir and cs. In midjuly, the deadline passed for responses to the international integrated reporting councils iirc framework on integrated reporting. This year, for the first time, we release digitally and in print, an integrated report aligned with the ir framework as published by the international integrated reporting council.
Summarizing the underlying motivations behind the creation of the integrated reporting template is essential to explaining the value proposition to potential. Towards integrated reporting communicating value in. While the singlecountry focus provides an in depth. Information that is beyond financial capital and able to provide a more comprehensive picture of the path towards sustainable development of organizations is increasingly needed. Investors and stakeholders rely on highquality integrated reports to obtain social, environmental and ethical information for decisionmaking.
The international ir framework integrated reporting. Integrated financial management information system ifmis according to both dorotinsky 2003 and rozner 2008, an ifmis is an information system that tracks financial events and summarises financial information. An integrated report is a single document that presents both an. The benefits of integrated reporting research has shown that reporting influences behaviour. Integrated reporting starts from the position that any value created as a result of a sustainable strategy regardless of whether it becomes a tangible or intangible asset will translate,at least partially,into performance. Findings show that integrated reporting is gaining momentum towards application in the case of public sector entities, but advancements are rather slow. Frigo, paolo quattrone, and angelo riccaboni integrated reporting ir is making the leap from promising concept to pow erful practice. This thesis is limited to considering what effect the framework has on the environmental aspects of sustainability reporting. The evolvement of annual reporting into integrated reporting. Social accounting can be distinguished back in the 1970s as being debated at a large scale in the accounting. Pdf integrated reporting by south african companies. It makes visible an organizations use of and dependence on different resources and relationships or capitals financial, manufactured, human. The singlecountry focus and limited sample of the organisations present the major limitations of this thesis. May 01, 2012 this master thesis examines the developments of integrated reporting theory and provides practical insights, based on a survey conducted among southafrican listed entities, into how businesses perceive the new reporting concept.
The origin of integrated reporting lies in corporate governance, as a solution to demands on. I qualitatively analyse the history of sustainability reporting over the last 25 years by focusing on the dutch sustainability reporting field. First, the aim of this pilot study was to examine the motives of european companies to practice integrated reporting applying the international integrated reporting. Corporate governance, integrated reporting, and stakeholder management. Making global integrated environmental assessment and. The international integrated reporting council iirc has been informed of the network and will be kept up to date with its progress. This thesis investigates what effect adoption of the framework has on the quality of. Leading practices in in te grated rep orting management accountants will guide their companies on the journey to value creation. An integrated report should be an organizations primary reporting vehicle. Purpose the purpose of this paper is to report on the longterm effect of integrated reporting on the quality of information. Integrated reporting ir emerged as a strategic and a holistic groundwork for businesses in order to integrate the overall aims in the name achieving value addition to the business. Additionally, it will be observed if integrated reporting contributes to a companys market value.
It supports adequate management reporting, policy decisions, fiduciary responsibilities and the preparation of auditable financial. A research framework conference paper pdf available december 2016 with 2,614 reads how we measure reads. Integrated reporting research, highlighted as an outcome of the australian gri conference on sustainability and integrated reporting, 2628 march 2012. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. At the time of writing, no globally accepted standards or practices exist with regard to what an integrated report should. Strategic information disclosure through integrated reporting. The question is whether the corporate world believe this to be the solution and if the development of corporate reporting is heading in this direction. Recent research finds evidence that integrated reporting reduces information asymmetry and subsequently has a negative. Steyn 16abstract 33integrated reporting requires a new form of disclosure to provide a holistic view of the organisation and aims to support integrated thinking. I draw on a combination of 94 semistructured interviews and a collection of secondary data. Pdf the impact of integrated reporting on firm value and. Integrated reporting communicating value in the 21st century, the publication of a draft outline in july 2012, and a prototype framework in november 2012. Eccles and armbrester 2011 claim that integrated reporting is the best way for an organisation to illustrate its ability to create longterm value to investors and other stakeholders. Principles set out by the iirc to guide the process of integrated reporting are a reliability and materiality, b future orientation, c responsiveness and stakeholder.
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