Skip to main content
SpringerLink
Log in

Integrated Reporting

  • Chapter
  • First Online:
Integrated Reporting and Audit Quality

Part of the book series: Contributions to Management Science ((MANAGEMENT SC.))

Abstract

The voluntary decision to issue an integrated reporting is in the hands of internal managers and managers in different countries behave differently, by producing different kinds of social and environmental information. We focus on the analysis of non-financial voluntary disclosure with a further investigation on the Integrated Report (IR) and its role within the corporate disclosure. In particular, we provide a practical and theoretical framework of integrated reporting and propose a comparison of the main frameworks available within the relevant literature. An analysis of the literature reveals some streams of studies in this area, such as integrated reporting and sustainability, integrated reporting and corporate governance, integrated reporting and its components, and the assurance of integrated reporting. This Chapter ends with a focus on the South African experience. Since the end of apartheid in 1994, the need for the social and economic empowerment of the black population has been a driving force in the development and evolution of the King Reports. As a matter of fact, it has been widely acknowledged that South African companies were the first to address IR issues because of the consequences of the end of apartheid.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
eBook
USD 16.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 99.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 99.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Notes

  1. 1.

    Akerlof (1970) defined the lemons problem as those situations in which buyers need to evaluate the quality of goods offered by sellers in a situation of information asymmetry. If buyers do not have enough information about the quality of goods sold, sellers of lower quality goods (lemons) can exploit the information asymmetry for themselves (moral hazard). In this situation, buyers could overestimate the price of lemons. As a consequence, the price of higher quality goods is underestimated (adverse selection). Therefore, the only way for sellers of higher quality goods not to be cheated is to eliminate the information asymmetry, by signaling the higher quality of their products (e.g., through warranties, etc.) (Akerlof 1970).

  2. 2.

    The International IR Committee (IIRC) is an international cross-section of leaders from the corporate, investment, accounting, securities, regulatory, academic, civilian and standard-setting sectors (IIRC 2011: 3).

  3. 3.

    Integrative thinking is a term coined by the IIRC, which defines this approach as “The active consideration by an organisation of the relationships between its various operating and functional units and the capitals that the organisation uses or affect”. It adds “Integrated thinking leads to integrated decision-making and actions that considers the creation of value over short, medium and long term” (IIRC 2013: 2).

  4. 4.

    The IIRC framework states that, where a stewardship responsibility is not imposed by law or regulation, the organization may nonetheless accept stewardship responsibilities in accordance with growing stakeholder expectations, (IIRC 2013: 18).

  5. 5.

    Novozymes was the first company to issue an integrated report, although under the name of “combined” rather than “integrated” report. Novo Nordisk and Novozymes demerged in 2000, which gave the two companies the opportunity to carry on a similar reporting approach (Eccles and Krzus 2010).

  6. 6.

    Since 2010 JSE companies have been called to comply with the IFRS and provide “(i) a narrative statement of how it has applied the principles set out in the King Code, providing explanations that enable its shareholders to evaluate how the principles have been applied; and (ii) a statement addressing the extent of the company’s compliance with the King Code and the reasons for non-compliance with any of the principles in the King Code, specifying whether or not the company has complied throughout the accounting period with all the provisions of the King Code, and indicating for what part of the period any non-compliance occurred” (JSE Listing Requirements: 135).

  7. 7.

    The ten principles of the UN Global Compact are grounded on agreements signed by governments at UN forums, such as The Universal Declaration of Human Rights (1948), the Rio Declaration on Environment and Development (1992); The international labor organization’s fundamental principles and rights at work (1998); the UN convention against corruption.

  8. 8.

    The PRME initiative aims at inspiring and championing responsible management education, research and thought leadership globally. It was launched in 2007 at the UN Global Compact Leaders Summit (Kell 2013).

  9. 9.

    The PRI started in 2006 at the New York Stock Exchange. They were defined by a network of international investors working together to integrate environmental, social, and governance issues into the investment decision-making process (Kell 2013).

  10. 10.

    The IRC is an association composed of practitioners in South Africa. The association was founded in 2010 in order to develop guidelines on good practice in IR and to promote IR in South Africa. The five founding organizational bodies in South Africa are: Association for Savings & Investment South Africa (ASISA), Business Unity South Africa (BUSA), Institute of Directors in Southern Africa (IoDSA), JSE Ltd, the South African Institute of Chartered Accountants (SAICA), the Banking Association South Africa (BASA), and the Chartered Secretaries Southern Africa (CSSA). In 2011, the Principal Officers Association and the Government Employees Pension Fund joined the IRC. Other entities have also joined the IRC: namely, the Institute of Internal Auditors South Africa (IIA SA), Financial Services Board (FSB), and SASBO, the finance union.

  11. 11.

    There are three main measures used by ACCA to assess the level of integration in a company’s report (Solomon and Maroun 2012: 10): 1. “cumulative change over time (CCOT) measures the cumulative change (increase/decrease) in the number of sections in which each item of environmental, social and ethical information is recorded over the two/three years examined”; 2. “% positive changes in number (N) of sections measures the percentage of items in each grouping (social, environmental and ethical) that are reported in an increased number of sections over the period”; 3. “% positive changes or no change in the number (N) of sections measures the percentage of items in each grouping (social, environmental and ethical) that are reported in an increased or the same number of sections over the period”.

References

  • Abeysekera I (2013) A template for integrated reporting. J Intellect Cap 14:227–245. doi:10.1108/14691931311323869

    Article  Google Scholar 

  • Adams CA (2015) The international integrated reporting council: a call to action. Crit Perspect Account 27:23–28. doi:10.1016/j.cpa.2014.07.001

    Article  Google Scholar 

  • Adams S, Simnett R (2011) Integrated reporting: an opportunity for Australia’s not-for-profit sector. Aust Account Rev 21:292–301

    Article  Google Scholar 

  • Admati AR, Pfleiderer P (2009) The “wall street walk” and shareholder activism: exit as a form of voice. Rev Financ Stud hhp037. doi:10.1093/rfs/hhp037

  • AIMR, 1992. AIMR Conference Proceedings

    Google Scholar 

  • Akerlof GA (1970) The market for “lemons”: quality uncertainty and the market mechanism. Q J Econ 84:488–500. doi:10.2307/1879431

    Article  Google Scholar 

  • Anderson RJ (1978) Review of the external audit, volume I, concepts and techniques. Account Rev 53:793–795

    Google Scholar 

  • Aras G, Crowther D (2008) Governance and sustainability: an investigation into the relationship between corporate governance and corporate sustainability. Manage Decision 46(3):433–448

    Google Scholar 

  • Arguelles MPM, Balatbat M, Green W (2015) Is there an early-mover market value effect for signalling adoption of integrated reporting. Working paper, University of New South Wales

    Google Scholar 

  • Azcárate F, Carrasco F, Fernández M (2011) The role of integrated indicators in exhibiting business contribution to sustainable development: a survey of sustainability reporting initiatives. Rev Contab 14:213–240

    Google Scholar 

  • Ball R, Jayaraman S, Shivakumar L (2012) Audited financial reporting and voluntary disclosure as complements: a test of the confirmation hypothesis. J Account Econ 53:136–166. doi:10.1016/j.jacceco.2011.11.005

    Article  Google Scholar 

  • Bamber LS, Jiang J (Xuefeng), Wang IY (2010) What’s my style? The influence of top managers on voluntary corporate financial disclosure. Account Rev 85:1131–1162. doi:10.2308/accr.2010.85.4.1131

  • Barth, M.E., Cahanb, S.F., Chen, L., Venter, E.R., 2015. The Economic consequences associated with integrated report quality: early evidence from a mandatory setting. Unpublished working paper. Retrieved SSRN

    Google Scholar 

  • Beattie V, McInnes W, Fearnley S (2004) Through the eyes of management: narrative reporting across three sectors: final report. Centre for Business Performance, London

    Google Scholar 

  • Beattie V, Smith SJ (2012) Evaluating disclosure theory using the views of UK finance directors in the intellectual capital context. Account Bus Res 42:471–494. doi:10.1080/00014788.2012.668468

    Article  Google Scholar 

  • Bebbington J, Larrinaga C, Moneva JM (2008) Corporate social reporting and reputation risk management. Account Audit Account J 21:337–361

    Article  Google Scholar 

  • Beltratti A (2005) The complementarity between corporate governance and corporate social responsibility. Geneva Pap Risk Insur Issues Pract 30:373–386. doi:10.1057/palgrave.gpp.2510035

    Article  Google Scholar 

  • Ben-Amar W, McIlkenny P (2014) Board effectiveness and the voluntary disclosure of climate change information. Strategy Environ, Bus. doi:10.1002/bse.1840

    Google Scholar 

  • Bens DA, Berger PG, Monahan SJ (2011) Discretionary disclosure in financial reporting: an examination comparing internal firm data to externally reported segment data. Account Rev 86:417–449. doi:10.2308/accr.00000019

    Article  Google Scholar 

  • Beyer A, Cohen DA, Lys TZ, Walther BR (2010) The financial reporting environment: review of the recent literature. J Account Econ 50:296–343. doi:10.1016/j.jacceco.2010.10.003

    Article  Google Scholar 

  • Bischof J, Daske H (2013) Mandatory disclosure, voluntary disclosure, and stock market liquidity: evidence from the EU bank stress tests. J Account Res 51:997–1029. doi:10.1111/1475-679X.12029

    Article  Google Scholar 

  • Bloomberg (2010) The sustainability edge. Sustainability report 2010 [WWW Document]. URL http://www.bbhub.io/sustainability/sites/6/2015/05/BloombergSustReport2010.pdf

  • Bontis N (2001) Assessing knowledge assets: a review of the models used to measure intellectual capital. Int J Manag Rev 3:41–60. doi:10.1111/1468-2370.00053

    Article  Google Scholar 

  • Botosan CA (1997) Disclosure level and the cost of equity capital. Account Rev 72:323–349

    Google Scholar 

  • Breton G, Taffler RJ (2001) Accounting information and analyst stock recommendation decisions: a content analysis approach. Account Bus Res 31:91–101. doi:10.1080/00014788.2001.9729604

    Article  Google Scholar 

  • Bushman RM, Smith AJ (2001) Financial accounting information and corporate governance. J Account Econ 32:237–333. doi:10.1016/S0165-4101(01)00027-1

    Article  Google Scholar 

  • Carcello JV, Neal TL (2000) Audit committee composition and auditor reporting (SSRN Scholarly Paper No. ID 229835). Social Science Research Network, Rochester

    Google Scholar 

  • de Villiers Charl, Rinaldi Leonardo, Unerman Jeffrey (2014) Integrated reporting: insights, gaps and an agenda for future research. Account Audit Account J 27:1042–1067. doi:10.1108/AAAJ-06-2014-1736

    Article  Google Scholar 

  • Cheng M, Green W, Conradie P, Konishi N, Romi A (2014) The international integrated reporting framework: key issues and future research opportunities. J Int Financ Manag Account 25:90–119. doi:10.1111/jifm.12015

    Article  Google Scholar 

  • Cho CH, Laine M, Roberts RW, Rodrigue M (2015) Organized hypocrisy, organizational façades, and sustainability reporting. Account Organ Soc 40:78–94. doi:10.1016/j.aos.2014.12.003

    Article  Google Scholar 

  • Cho CH, Patten DM (2013) Green accounting: Reflections from a CSR and environmental disclosure perspective. Crit Perspect Account (Thematic issue: Accounting for the Environment Thematic issue: Accounting for the Environment) 24:443–447. doi:10.1016/j.cpa.2013.04.003

    Google Scholar 

  • Chow CW, Wong-Boren A (1987) Voluntary financial disclosure by Mexican corporations. Account Rev 62:533–541

    Google Scholar 

  • Christie AA, Zimmerman JL (1994) Efficient and opportunistic choices of accounting procedures: corporate control contests. Account Rev 69:539–566

    Google Scholar 

  • Churet C, Eccles RG (2014) Integrated reporting, quality of management, and financial performance. J Appl Corp Finance 26:56–64. doi:10.1111/jacf.12054

    Google Scholar 

  • Cohen JR, Holder-Webb LL, Nath L, Wood D (2012) Corporate reporting of nonfinancial leading indicators of economic performance and sustainability. Account Horiz 26:65–90. doi:10.2308/acch-50073

    Article  Google Scholar 

  • Core JE (2001) A review of the empirical disclosure literature: discussion. J Account Econ 31:441–456. doi:10.1016/S0165-4101(01)00036-2

    Article  Google Scholar 

  • Dando N, Swift T (2003) Transparency and assurance minding the credibility gap. J Bus Ethics 44:195–200

    Article  Google Scholar 

  • Dey C, Burns J, Hopwood A, Unerman J, Fries J (2010) Integrated reporting at Novo Nordisk. In: Accounting for sustainability: practical insights. Earthscan London, pp 215–232

    Google Scholar 

  • Dhaliwal DS, Li OZ, Tsang A, Yang YG (2011) Voluntary nonfinancial disclosure and the cost of equity capital: the initiation of corporate social responsibility reporting. Account Rev 86:59–100. doi:10.2308/accr.00000005

    Article  Google Scholar 

  • Ditlev Simonsen CD, Gottschalk P (2011) Stages of growth model for corporate social responsibility. Int J Corp Gov 2:268–287

    Google Scholar 

  • Dong M, Stettler A (2011) Estimating firm-level and country-level effects in cross-sectional analyses: an application of hierarchical modeling in corporate disclosure studies. Int J Account 46:271–303

    Article  Google Scholar 

  • Dumay J, Bernardi C, Guthrie J, Demartini P (2016) Integrated reporting: a structured literature review. Account Forum 40:166–185. doi:10.1016/j.accfor.2016.06.001

    Article  Google Scholar 

  • Eccles RG, Ioannou I, Serafeim G (2011) The impact of corporate sustainability on organizational process and performance [WWW Document]. HBS Work. Knowl. URL http://hbswk.hbs.edu/item/the-impact-of-corporate-sustainability-on-organizational-process-and-performance. Accessed 2 Mar 17

  • Eccles RG, Ioannou I, Serafeim G (2012) The impact of a corporate culture of sustainability on corporate behavior and performance (No. W17950). Cambridge, MA, USA: National Bureau of Economic Research

    Google Scholar 

  • Eccles RG, Krzus MP (2010) One report: integrated reporting for a sustainable strategy. Wiley, London

    Google Scholar 

  • Eccles RG, Saltzman D (2011) Achieving sustainability through integrated reporting. Stanf Soc Innov Rev Summer 59

    Google Scholar 

  • Elkington J (1994) Towards the sustainable corporation: win win win business strategies for sustainable development. Calif Manage Rev 36:90–100

    Article  Google Scholar 

  • Elliot RK, Jacobson PD (1994) Costs and benefits of business information. Account Horiz 8:80–96

    Google Scholar 

  • Faisal F, Tower G, Rusmin R (2012) Legitimising corporate sustainability reporting throughout the world. Australas Account Bus Finance J 6:19–34

    Google Scholar 

  • Fama EF, Miller MH (1972) The theory of finance. Dryden Press, London

    Google Scholar 

  • Ferrero-Ferrero I, Fernández-Izquierdo MÁ, Muñoz-Torres MJ (2015) Integrating sustainability into corporate governance: an empirical study on board diversity. Corp Soc Responsib Environ Manag 22:193–207

    Article  Google Scholar 

  • Flower J (2015) The international integrated reporting council: a story of failure. Crit Perspect Account 27:1–17

    Article  Google Scholar 

  • Fombrun CJ, Gardberg NA, Barnett ML (2000) Opportunity platforms and safety nets: corporate citizenship and reputational risk. Bus Soc Rev 105:85–106. doi:10.1111/0045-3609.00066

    Article  Google Scholar 

  • Frias-Aceituno JV, Rodriguez-Ariza L, Garcia-Sanchez I (2013) The role of the board in the dissemination of integrated corporate social reporting. Corp Soc Responsib Environ Manag 20:219–233. doi:10.1002/csr.1294

    Article  Google Scholar 

  • Frías-Aceituno JV, Rodríguez-Ariza L, García-Sánchez IM (2013) Is integrated reporting determined by a country’s legal system? An exploratory study. J Clean Prod 44:45–55

    Article  Google Scholar 

  • Gigler F, Hemmer T (1998) On the frequency, quality, and informational role of mandatory financial reports. J Account Res 36:117–147. doi:10.2307/2491310

    Article  Google Scholar 

  • Graham RE, Ahn AC, Davis RB, O’Connor BB, Eisenberg DM, Phillips RS (2005) Use of complementary and alternative medical therapies among racial and ethnic minority adults: results from the 2002 national health interview survey. J Natl Med Assoc 97:535–545

    Google Scholar 

  • Guidry RP, Patten DM (2012) Voluntary disclosure theory and financial control variables: an assessment of recent environmental disclosure research. Account Forum 36:81–90. doi:10.1016/j.accfor.2012.03.002

    Article  Google Scholar 

  • Healy PM, Palepu KG (2001) Information asymmetry, corporate disclosure, and the capital markets: a review of the empirical disclosure literature. J Account Econ 31:405–440. doi:10.1016/S0165-4101(01)00018-0

    Article  Google Scholar 

  • Huang SK (2013) The impact of CEO characteristics on corporate sustainable development. Corporate social responsibility and environmental management 20(4):234–244

    Google Scholar 

  • IIRC (2013) International <IR> Framework [WWW Document]. URL http://theiirc.org

  • International Integrated Reporting Council, U.K. (IIRC) (2011) Towards integrated reporting. Communicating value in the 21st century, www.iirc.org (accessed 30 Jan 2012)

  • Institute of Directors (1994) King Report on corporate governance. Institute of Directors, Johannesburg

    Google Scholar 

  • Institute of Directors Southern Africa (2016) King IV. Report on corporate governance for South Africa 2016 [WWW Document]. URL http://www.adamsadams.com/wp-content/uploads/2016/11/King-IV-Report.pdf

  • Integrated Reporting Council of South Africa (IRCSA) (2011) Integrated reporting and the integrated report. Discussion paper, 25 January, www.sustainabilitysa.org

  • Ismail TH (2002) An empirical investigation of factors influencing voluntary disclosure of financial information on the internet in the GCC Countries (SSRN Scholarly Paper No. ID 420700). Social Science Research Network, Rochester

    Google Scholar 

  • Jamali D (2008) A stakeholder approach to corporate social responsibility: A fresh perspective into theory and practice. J bus ethics 82(1):213–231

    Google Scholar 

  • Jensen MC, Meckling WH (1976) Theory of the firm: managerial behavior, agency costs, and ownership structure. In: Brunner K (ed) Economics social institutions, rochester studies in economics and policy issues. Springer, Netherlands, pp 163–231

    Google Scholar 

  • Kell G (2013) 12 years later reflections on the growth of the UN global compact. Bus Soc 52:31–52. doi:10.1177/0007650312460466

    Article  Google Scholar 

  • Kent P, Ung K (2003) Voluntary disclosure of forward-looking earnings information in Australia. Aust J Manag 28:273–285. doi:10.1177/031289620302800303

    Article  Google Scholar 

  • Khanna T, Palepu KG, Srinivasan S (2004) Disclosure practices of foreign companies interacting with U.S. Markets J Account Res 42:475–508. doi:10.1111/j.1475-679X.2004.00146.x

    Article  Google Scholar 

  • King Committee on Governance (2013) Summary of report on governance for South Africa—2009 (King iii) [WWW Document]. URL https://www.thehda.co.za/uploads/files/KING_III_Summary_of_Report_on_Governance_-_SA.pdf

  • Kirkpatrick G (2009) The corporate governance lessons from the financial crisis. OECD J Financ Mark Trends 2009:61–87. doi:10.1787/fmt-v2009-art3-en

    Article  Google Scholar 

  • Kolk A (2008) Sustainability, accountability and corporate governance: exploring multinationals’ reporting practices. Bus Strat Environ 17:1–15

    Article  Google Scholar 

  • Lambert RA, Verrecchia RE (2015) Information, illiquidity, and cost of capital. Contemp Account Res 32(2), 438–454. doi:10.1111/1911-3846.12078

  • Lundholm RJ (2003) Historical accounting and the endogenous credibility of current disclosures. J Account Audit Finance 18:207–229. doi:10.1177/0148558X0301800111

    Google Scholar 

  • Manetti G, Becatti L (2009) Assurance services for sustainability reports: standards and empirical evidence. J Bus Ethics 87:289–298

    Article  Google Scholar 

  • Marx B, Mohammadali-Haji A (2014) Emerging trends in reporting : an analysis of integrated reporting practices by South African top 40 listed companies. J Econ Financ Sci 7(1):231–250

    Google Scholar 

  • Meek GK, Roberts CB, Gray SJ (1995) Factors influencing voluntary annual report disclosures by U.S., U.K. and continental european multinational corporations. J Int Bus Stud 26:555–572

    Article  Google Scholar 

  • Milne MJ, Gray R (2012) W(h)ither ecology? The triple bottom line, the global reporting initiative, and corporate sustainability reporting. J Bus Ethics 118:13–29. doi:10.1007/s10551-012-1543-8

    Article  Google Scholar 

  • O’Dwyer B, Owen DL (2005) Assurance statement practice in environmental, social and sustainability reporting: a critical evaluation. Br Account Rev 37:205–229

    Article  Google Scholar 

  • Perego P, Kennedy S, Whiteman G (2016) A lot of icing but little cake? Taking integrated reporting forward. J Clean Prod 136, Part A, 53–64. doi:10.1016/j.jclepro.2016.01.106 (Prodeedings of special volume: The integration of corporate sustainability assessment, management accounting, control, and reporting)

  • Post C, Rahman N, Rubow E (2011) Green governance: boards of directors’ composition and environmental corporate social responsibility. Bus Soc 50:189–223

    Article  Google Scholar 

  • Prado-Lorenzo J-M, Garcia-Sanchez I-M (2010) The role of the board of directors in disseminating relevant information on greenhouse gases. J Bus Ethics 97:391–424

    Article  Google Scholar 

  • Previts GJ, Bricker RJ, Robinson TR, Young SJ (1994) A content analysis of sell-side financial analyst company reports. Account Horiz 8:55–70

    Google Scholar 

  • PricewaterhouseCoopers (2015) Integrated reporting. Where to next? [WWW Document]. URL http://www.integratedreportingsa.org/Portals/0/Documents/PwCIntegratedReportingSurvey.pdf

  • PwC (2007) Corporate reporting. Is it what investment professionals expect? Available on https://www.pwc.no/no_NO/no/ifrs/publikasjoner/corporate-reporting-is-it-what-investment-professionals-expect.pdf

  • Rhianon Edgley C, Jones MJ, Solomon JF (2010) Stakeholder inclusivity in social and environmental report assurance. Account Audit Account J 23:532–557. doi:10.1108/09513571011041615

    Article  Google Scholar 

  • Root SJ, Grumman N (1998) Beyond COSO: internal control to enhance corporate governance. Wiley, New York

    Google Scholar 

  • Sengupta P (1998) Corporate disclosure quality and the cost of debt. Account Rev 73:459–474

    Google Scholar 

  • Sharma JP, Khanna S (2014) Corporate Social responsibility, corporate governance and sustainability: synergies and inter-relationships. Indian J Corp Gov 7:14–38

    Article  Google Scholar 

  • Shroff N, Sun AX, White HD, Zhang W (2013) Voluntary disclosure and information asymmetry: evidence from the 2005 securities offering reform. J Account Res 51:1299–1345. doi:10.1111/1475-679X.12022

    Article  Google Scholar 

  • Silvi R, Bartolini M (2011) The role of performance indicators in management commentary. Financ Rep 61–79

    Google Scholar 

  • Simnett R, Vanstraelen A, Chua WF (2009) Assurance on sustainability reports: an international comparison. Account Rev 84:937–967

    Article  Google Scholar 

  • Skouloudis A, Evangelinos K, Kourmousis F (2010) Assessing non-financial reports according to the global reporting initiative guidelines: evidence from Greece. J Clean Prod 18:426–438

    Article  Google Scholar 

  • Solomon JF, Maroun W (2012) Integrated reporting: the influence of King III on social, ethical and environmental reporting [WWW Document]. URL http://www.accaglobal.com/content/dam/acca/global/PDF-technical/integrated-reporting/tech-tp-iirsa.pdf

  • STAT SA (2011) Census 2011 [WWW Document]. URL http://www.statssa.gov.za/?page_id=3839

  • Stocken PC (2000) Credibility of voluntary disclosure. RAND J. Econ 31:359–374. doi:10.2307/2601045

    Article  Google Scholar 

  • Trucco S (2015) Financial accounting: development paths and alignment to management accounting in the italian context. Springer, Berlin

    Google Scholar 

  • United Nations (2010) United Nations corporate partnerships: the role and functioning of the Global Compact [WWW Document]. URL https://www.unjiu.org/en/reports-notes/archive/United%20Nations%20corporate%20partnerships%20-The%20role%20and%20functioning%20of%20the%20Global%20Compact.pdf

  • United Nations Global Compact (2015) UN global compact policy on communicating progress [WWW Document]. URL https://www.unglobalcompact.org/docs/communication_on_progress/COP_Policy.pdf

  • United Nations Global Compact (2016) Guide to corporate sustainability. Shaping a sustainable future [WWW Document]. URL https://www.unglobalcompact.org/docs/publications/UN_Global_Compact_Guide_to_Corporate_Sustainability.pdf

  • Velte P, Stawinoga M (2016) Integrated reporting: the current state of empirical research, limitations and future research implications. J Manag Control 1–46. doi:10.1007/s00187-016-0235-4

  • Verrecchia RE (1983) Discretionary disclosure. J Account Econ 5:179–194. doi:10.1016/0165-4101(83)90011-3

    Article  Google Scholar 

  • Watts RL, Zimmerman JL (1990) Positive accounting theory: a ten year perspective. Account Rev 65:131–156

    Google Scholar 

  • Watts RL, Zimmerman JL (2006) Positive accounting theory (SSRN Scholarly Paper No. ID 928677). Social Science Research Network

    Google Scholar 

  • White AL (2010) The five capitals of integrated reporting: toward a holistic architecture for corporate disclosure. The landscape of integrated reporting. Harward Business School, Cambridge, pp 29–31

    Google Scholar 

  • WICI, 2010. WICI concept paper. Available at www.wici-global.com

  • Williams OF (2004) The UN global compact: the challenge and the promise. Bus Ethics Q 14:755–774. doi:10.5840/beq200414432

    Article  Google Scholar 

  • Zhou S, Simnett R, Green W (2016) Does integrated reporting matter to the capital market? (SSRN Scholarly Paper No. ID 2600364). Social Science Research Network, Rochester

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Department of Economics and Management, University of Pavia, Pavia, Italy

    Chiara Demartini

  2. Faculty of Economics, Università degli studi Internazionali di Roma, Rome, Italy

    Sara Trucco

Authors
  1. Chiara Demartini
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Sara Trucco
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Chiara Demartini .

Rights and permissions

Reprints and permissions

Copyright information

© 2017 Springer International Publishing AG

About this chapter

Cite this chapter

Demartini, C., Trucco, S. (2017). Integrated Reporting. In: Integrated Reporting and Audit Quality. Contributions to Management Science. Springer, Cham. https://doi.org/10.1007/978-3-319-48826-4_2

Download citation

Publish with us

Policies and ethics

Search

Navigation