Title: Up until the consolidation on the IFRS Foundation: the companies that have been advancing integrated reporting

Authors: Ana Isabel Lopes; Silpa Bovane; Daniela Penela

Addresses: Instituto Universitário de Lisboa (ISCTE-IUL), Business Research Unit (BRU-IUL), Avenida da Forcas Armadas, 1649-026 Lisbon, Portugal ' Instituto Universitário de Lisboa (ISCTE-IUL), Avenida da Forcas Armadas, 1649-026 Lisbon, Portugal ' Academia Militar/CINAMIL, Advance/CSG, Universidade de Lisboa, Lisbon, Portugal; Instituto Universitário de Lisboa (ISCTE-IUL), Business Research Unit (BRU-IUL), Avenida da Forcas Armadas, 1649-026, Lisbon, Portugal

Abstract: This study seeks to develop an in-depth understanding of where companies reporting under the integrated reporting (IR) framework are located, what their main characteristics are, whether a change in firm value has occurred after IR adoption, and whether firm value varies depending on IR quality. Knowing who has been involved in the thinking and processes underpinning IR may further encourage companies to proceed, under the direction of the IFRS Foundation, with future practices associated with non-financial reporting. The results of this study show that IR reporters are distributed across 43 countries and 5 different regions - the majority from South Africa, followed by Japan and the UK. After adoption, IR reporters are found to be significantly larger, less profitable, and command greater market value. Those with higher-quality IR reporting are significantly larger and more profitable than their counterparts. Yet, no significant differences in firm value were found between IR quality groups.

Keywords: integrated reporting; IIRC; Integrated International Reporting Council; IR examples database; financial reporting; non-financial reporting; IFRS Foundation; International Financial Reporting Standards Foundation; ISSB; International Sustainability Standards Board; VRF; Value Reporting Foundation.

DOI: 10.1504/IJAAPE.2023.133048

International Journal of Accounting, Auditing and Performance Evaluation, 2023 Vol.19 No.3, pp.269 - 296

Received: 07 Jun 2022
Received in revised form: 23 Jan 2023
Accepted: 28 Feb 2023
Published online: 28 Aug 2023 *

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