A critical reflection on the future of intellectual capital: from reporting to disclosure

Dumay, John

doi:10.1108/jic-08-2015-0072

Cited by 316 publications

(497 citation statements)

References 32 publications

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“…Stage one represents the current GRI principles for what we define as 'extinction accounting' and further stages develops the emancipatory potential of extinction accounting. We choose to focus on 'disclosure' rather than reporting given the emphasis in recent literature on the role of disclosure in revealing information that was previously secret or unknown rather than providing a detailed periodic account of an organisation's financial condition activities and prospects (see, Dumay, 2016;Dumay and Guthrie, 2017). Table 2 seeks to provide some guidance on prospective content of disclosures, whether narrative, estimating financial, or pictorial.…”

Section: Insert Table 2 Herementioning

confidence: 99%

Integrated extinction accounting and accountability: building an ark

Atkins

Maroun

2018

AAAJ

132

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Structured Abstract PurposeWe are currently experiencing what is often called the sixth period of mass extinction on planet Earth, caused undoubtedly by the impact of human activities and businesses on nature. In this paper we explore the potential for accounting and corporate accountability to contribute to extinction prevention. The paper adopts an interdisciplinary approach, weaving scientific evidence and theory into organisational disclosure and reporting in order to demonstrate linkages between extinction, business behaviour, accounting and accountability as well as to provide a basis for developing a framework for narrative disclosure on extinction prevention. Design/methodology/approachThe paper is theoretical and interdisciplinary in approach, seeking to bring together scientific theories of extinction with a need for corporate and organizational accountability whilst recognizing philosophical concerns in the extant environmental accounting literature about accepting any business role and capitalist mechanisms in ecological matters. Our overarching framework derives from the concept of emancipatory accounting. Findings and Practical implicationsThe outcome of the writing is to: present (a) an emancipatory 'extinction accounting' framework which can be embedded within integrated reports, and (b) a diagrammatic representation, in the form of an 'ark', of accounting and accountability mechanisms which, combined, can assist, we argue, in preventing extinction. We suggest that the emancipatory framework may also be applied to engagement meetings between the responsible investor community (and NGOs) and organizations on biodiversity and species protection. Originality/valueThis paper represents a comprehensive attempt to explore the emancipatory role of accounting in extinction prevention and also brings together the links in accounting and accountability mechanisms which, working together, can prevent species extinction.

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Section: Insert Table 2 Herementioning

confidence: 99%

Integrated extinction accounting and accountability: building an ark

Atkins

Maroun

2018

AAAJ

132

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“…Moreover, research indicates that the majority of companies are not actually using the <IRF> to produce their corporate reports (Dumay, 2016). Here, we must reiterate that while most scholars and practitioners are under the impression that the <IRF> as issued by the IIRC (IIRC, 2013) is required in South Africa, it is evident from the evidence presented in Section 2.1 that it is not, and there is a significant difference between IR as a concept and the specifics of the <IRF>.…”

Section: Lack Of Regulation 25mentioning

confidence: 99%

“…Thus, it is not surprising that the GRI and other corporate ESG reporting frameworks (e.g. United Nations Global Compact (UNGC), 2009) still dominate the global corporate reporting landscape (Dumay, 2016).…”

Section: 1mentioning

confidence: 99%

“…While a range of companies have started to adopt the <IRF>, regulated financial and voluntary environmental, social and governance reporting is still dominant (Dumay, 2016;Dumay et al, 2016). The turning point and the current level of interest in the <IRF>, combined with the IIRC's call for feedback, represent an excellent opportunity to explore the potential barriers that may be preventing companies from implementing the <IRF> in practice, through our eyes as academics who research both IR as concept and the <IRF> (see Dumay et al, 2015;Dumay et al, 2016;Beck et al, 2017;Dumay and Dai, forthcoming;Bernardi and Stark, In Press) and through the eyes of other scholars.…”

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confidence: 99%

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Barriers to implementing the International Integrated Reporting Framework

Dumay¹,

Bernardi

Guthrie³

et al. 2017

MEDAR

Self Cite

184

164

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Purpose This paper is motivated by the call for feedback by the International Integrated Reporting Council (IIRC) from all stakeholders with knowledge of the International Integrated Reporting Framework (<IRF>) and specifically of the enablers, incentives and barriers to its implementation. The paper synthesises insights from contemporary accounting research into integrated reporting (IR) as a general concept and <IR> as espoused by the IIRC in the <IRF> (IIRC, 2013). The authors specifically focus on possible barriers and emphasise the specific issues the authors feel could be rectified to advance the <IRF>, along with the areas that may potentially hinder its wider adoption and implementation. Design/methodology/approach The paper draws upon and synthesises academic analysis and insights provided in the IR and <IR> academic literature as well as various directives, policy and framework pronouncements. Findings The flexibility and lack of prescription concerning actual disclosures and metrics in the <IRF> could allow it to be used for compliance, regardless of the other benefits lauded by the IIRC. Thus the authors see forces, both external and internal, driving <IR> adoption, with one prominent example being the European Union Directive on non-financial reporting. Because of the different ways in which IR is understood and enacted, there are numerous theoretical and empirical challenges for academics. The authors paper highlights potential areas for further robust academic research and the need to contribute to <IR> policy and practice. Research limitations/implications The paper provides the IIRC, academics, regulators and reporting organisations with insights into current practice and the <IRF>. The authors highlight the need for further development and evidence to help inform improvements both from a policy and a practice perspective. A key limitation of the authors’ work is that the authors draw upon a synthesis of the existing literature which is still in an early stage of development. Originality/value The paper provides the IIRC with several insights into the current <IRF> and specifically with the enablers, incentives and barriers to its implementation. Also, it provides academic researchers with a number of important observations and an agenda upon which the authors can build their future research.

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“…The growing importance of intangible assets in the last two decades has stimulated a wealth of studies on this topic, leading some researchers to enquire about the state of art and the future trends of this research field Pew Tan et al 2008;Guthrie et al 2012;Edvinsson, 2013;Dumay, 2014;2016). Within this article, we only briefly examine the main stages of IC research as identified by Guthrie et al (2012).…”

Section: Research Framework and Literature Reviewmentioning

confidence: 99%

A Path Model “Why-What-How-When” to Implement an IC Reporting

Demartini¹,

Paoloni²

2017

IJBM

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The purpose of this paper is to present the results of an empirical study and the critical success factors for implementing Intellectual Capital (IC) reporting. Selecting an IC model to be implemented in a specific context at a particular time depends on several contingent factors. In light of this, we propose the following "why-what-how-when" agenda, which will be applied in the case study:1. Why implement IC reporting in a specific context? 2. What IC approach/tool is suitable to satisfy users' informational needs? 3. How is the quality of information? When is information available?The research is qualitative and focused on a case study in order to understand the dynamics of a given process. The company analyzed designs and develops Large Systems for Homeland Protection.The analyzed case study shows that there isn't "one best way" to report on intangibles. Thus, the main critical factors of the process investigated are the following: accurate identification of actors involved in the decision-making process; quality and availability of information.The case study allows us to analyze how changes in decision maker(s), users' informational needs and information quality can impact the selection of the framework and its relative artifact/tool to be used to report on intangibles.

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A critical reflection on the future of intellectual capital: from reporting to disclosure

Cited by 316 publications

References 32 publications

Integrated extinction accounting and accountability: building an ark

Integrated extinction accounting and accountability: building an ark

Barriers to implementing the International Integrated Reporting Framework

A Path Model “Why-What-How-When” to Implement an IC Reporting

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