Determining characteristics of boards adopting Integrated Reporting

Alfiero, Simona; Cane, Massimo; Doronzo, Ruggiero; Esposito, Alfredo

doi:10.3280/fr2018-002003

Cited by 14 publications

(12 citation statements)

References 128 publications

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“…In a year by year examination the value is never higher than 4. As in previous literature (Alfiero et al 2018;Dilling & Caykoylu, 2019;Michelon & Parbonetti, 2012) these values suggest that the model does not suffer from any multicollinearity problems. Table 9 reports the results of the random effect model with robust standard errors for Model 1 and random effect with lagged firm specific variables for Model 2.…”

Section: Univariate Analysissupporting

confidence: 83%

“…With specific reference to corporate disclosure, some scholars (Abeysekera, 2010;Guthrie & Parker, 1990;Haniffa & Cooke, 2005;McGuinnesset al, 2017;Rupley et al 2012) found that board diversity has a positive impact on various forms of corporate social disclosure. Alfiero et al (2018) indicated a positive relationship between the board and its composition, in terms of gender and size, and the choice to adopt IR, while national diversity and average age are negatively related.…”

Section: Board Diversitymentioning

confidence: 99%

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Integrated reporting quality and BoD characteristics: an empirical analysis

et al. 2021

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The amount of literature on IR has grown over the last few years, but while particular attention has been paid to the variables that can play a role in IR adoption, IR quality and its determinants are still the subject of debate. The main determinants of IR quality outlined by the literature are firm size, industry, national context, firm performance, assurance, and to a lesser extent, corporate governance and company ownership structure. However, previous studies have usually reached conflicting results, thus not providing shared conclusions.This paper aims to understand the impact of the Board of Directors’ features on IR quality, evaluated in terms of the degree of compliance between IR content and the guidelines suggested in the IR framework presented by IIRC. The Board’s characteristics considered are size, composition and diversity with regard to board members’ gender, age and level of education.53 companies were taken into consideration from 2013 to 2016 for a total number of 212 integrated reports. Five research hypotheses were developed. Research findings highlight that IR quality is positively associated with the level of education of board members, and negatively with the presence of women. Moreover, among control variables, profitability (positive relation) and leverage (negative relation) are relevant determinants. Our research findings support the idea that the “quality” of the board members matters more than their “quantity” in increasing IR quality, and that diversity in the board is more relevant than diversity of the board.

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Section: Univariate Analysissupporting

confidence: 83%

Section: Board Diversitymentioning

confidence: 99%

Integrated reporting quality and BoD characteristics: an empirical analysis

et al. 2021

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“…Regarding governance characteristics, Frías‐Aceituno et al (b) underline how larger boards with relatively experienced directors and those with diverse backgrounds favour integrating various reports. Alfiero, Cane, Doronzo, and Esposito (), instead, find a positive and significant relationship between board size and board gender diversity and IR adoption. García‐Sánchez, Martínez‐Ferrero, and Garcia‐Benau () find that while a greater level of munificence decreases disclosure in integrated reporting, companies with stronger boards are more likely to pursue such reporting.…”

Section: Prior Researchmentioning

confidence: 99%

The impact of national culture on integrated reporting quality. A stakeholder theory approach

et al. 2019

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Integrated reporting (IR) is a new corporate‐reporting system that aims to represent the firm's value creation in the short, medium, and long term. In contrast to other disclosure systems focusing on non‐financial dimensions, including social and environmental aspects, IR is characterized by information connectivity. In recent years, integrated reporting has received increasing interest, both academic and professional. However, report quality is still a critical aspect of IR. Although several studies investigate IR, few focus on quality and its determinants. This study aims to fill this gap by investigating the impact of national culture, an external determinant, from a stakeholder theory perspective. The results show that IR quality is related to five dimensions of Hofstede—power distance, individualism, masculinity, and indulgence negatively and uncertainty avoidance positively. This study contributes to the relevant literature by analysing an additional factor that influences the quality of corporate reports, namely, national culture. This is the first study that investigates national culture as a determinant of integrated‐reporting quality.

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“…They also find that a greater number of directors allow for a comparison of experiences and opinions that is useful for the preparation of integrated reports. Alfiero et al (2018) also examine the issue of board characteristics and find that board size and female board members have positive impacts on the decision to adopt IR, while the presence of foreign and older board members has a negative impact. Frías-Aceituno et al (2014) reveal that firms' IR adoption choice is influenced positively by size and profitability and negatively by industry concentration level (i.e.…”

Section: Literature Reviewmentioning

confidence: 99%

The determinants of integrated reporting quality in financial institutions

Vitolla

Raimo

Rubino

et al. 2020

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Purpose This study aims to investigate the financial and country-level determinants of integrated reporting quality in the financial industry. Specifically, this study analyses the impact of profitability, size, leverage and civil law system on the integrated reporting quality. Design/methodology/approach Hypotheses were tested using a regression model on a sample of 87 financial institutions. An integrated reporting (IR)-quality scoreboard was used to measure report quality. Findings The results show that IR quality is significantly and positively influenced by profitability, size, financial leverage and the civil law system. Practical implications The results have particularly important implications for large, profitable financial institutions that make greater use of financial leverage and that are localized in non-civil law countries. Managers should increase transparency by expanding the content and quality of the information contained in the integrated reports. Originality/value This study contributes to the literature by revealing several financial factors that influence IR quality. To the best of the authors’ knowledge, this is the first study to investigate IR quality in the context of the financial industry.

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Determining characteristics of boards adopting Integrated Reporting

Cited by 14 publications

References 128 publications

Integrated reporting quality and BoD characteristics: an empirical analysis

Integrated reporting quality and BoD characteristics: an empirical analysis

The impact of national culture on integrated reporting quality. A stakeholder theory approach

The determinants of integrated reporting quality in financial institutions

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