Entitlements and Time: Integrated Reporting's Double-edged Agenda

Tweedie, Dale; Martinov‐Bennie, Nonna

doi:10.1080/0969160x.2015.1007466

Cited by 86 publications

(87 citation statements)

References 31 publications

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“…Lack of regulation is also linked to weak voluntary assurance practices for integrated reports (Simnett and Huggins, 2015;Tweedie and Martinov-Bennie, 2015), thus undermining improvements in the reliability and credibility of <IR>. As Tweedie and Martinov-Bennie (2015, p. 56) outline, while recent documents issued by the IIRC "stress that assurance can improve the credibility of an integrated report, the IIRC stops short of recommending or requiring such assurance".…”

Section: Lack Of Regulation 25mentioning

confidence: 99%

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Barriers to implementing the International Integrated Reporting Framework

Dumay¹,

Bernardi

Guthrie³

et al. 2017

MEDAR

204

170

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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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Section: Lack Of Regulation 25mentioning

confidence: 99%

“…Our review finds that scholars and practitioners alike refer to three distinct models as "integrated reporting" (Tweedie and Martinov-Bennie, 2015;Dumay et al, 2016;Feng et al, 2017), but only one is the specific model proposed by the IIRC (2013). Therefore, we argue that one barrier to <IR> adoption is confusion about what it means.…”

Section: 1mentioning

confidence: 99%

Barriers to implementing the International Integrated Reporting Framework

Dumay¹,

Bernardi

Guthrie³

et al. 2017

MEDAR

204

170

View full text Add to dashboard Cite

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“…According to Rinaldi et al, (2018), 'despite IR being adopted internationally by a network of organizations […], the framework has not yet achieved the IIRC's vision of becoming the corporate reporting norm'. Tweedie and Martinov-Bennie (2015) argue that for IR to make a difference in organizations and broader society, it should contribute to a broader social transformation in corporations and financial markets, rather than becoming another reporting framework; they also notice that IR has moved away from the key tenets of prior social and environmental reporting frameworks.…”

Section: Integrated Reporting and Corporate Performancementioning

confidence: 99%

Effects of Integrated Reporting on Corporate Disclosure Practices regarding the Capitals and Performance

Almăşan¹,

Circa²,

Dumitru³

et al. 2019

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Integrated reporting promotes changing the internal processes of companies to generate improved performance. One way toward this goal is to use integrated thinking as a tool to achieve a 'better understanding of the factors that materially affect an organization's ability to create value over time', that is the six capitals, as suggested by the International Integrated Reporting Council. Our goal is to identify 'effects of learning' in the field of integrated reporting on the performance and reporting practices of companies. More specifically, we aim to identify how and to what extent integrated thinking translated into their reporting practices and performance, while companies implemented the International Integrated Reporting Framework. Therefore, we analyse and compare the reporting practices and performance of European companies included in the International Integrated Reporting Council's Pilot Program for two moments in time: 2013 and 2016. We use a set of nineteen indicators, considered as the most important for the presentation of the six capitals. Thus, we provide insights about how integrated reports disclose information concerning the capitals. Results show improvements in performance and the diversification of indicators disclosed in the reports. However, changes are not exclusively attributable to integrated reporting; reporting experience is also a contributing factor. The study contributes to the literature on the impact of integrated reporting in practice.

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“…This objective highlights three important features of <IR>. First, in its current iteration, <IR> is primarily a form of corporate reporting to investors rather than sustainability reporting to stakeholders (Druckman ; Tweedie and Martinov‐Bennie ). Extant research debates whether this was <IR>’s initial intent (Adams ; Flower ).…”

Section: The Business Model In Integrated Reporting and Prior Researchmentioning

confidence: 99%

“…However, a full evaluation of <IR>’s potential to advance reporting requires closer assessment of its core concepts, including the business model. Extant <IR> research analyses the IIRC's reporting agenda (Tweedie and Martinov‐Bennie ; Flower ), how <IR> affects reporting organisations (e.g., Stubbs and Higgins ) and how investors and markets react to <IR> disclosures (e.g., Barth et al. ; Bernardi and Stark ).…”

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confidence: 99%

The Business Model in Integrated Reporting: Evaluating Concept and Application

Tweedie

Nielsen

Martinov‐Bennie

2017

Australian Accounting Review

Self Cite

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A key feature of the International Integrated Reporting Council's (IIRC) agenda to improve corporate reporting is to encourage companies to use Integrated Reports to disclose their underlying business models. However, extant research suggests that the IIRC's distinctive business model concept is not well understood. This paper aims to unpack and critically evaluate the core features of the IIRC's business model concept. To unpack the IIRC's business model, the paper conducts a structured comparative analysis of the IIRC's model against eight influential alternatives in prior business model research. The paper then evaluates the extent to which Integrated Reporting's distinctive business model is: (1) internally coherent and consistent; and, (2) consistent with the IIRC's broader reporting objectives. The paper identifies tensions in both these areas. Since the IIRC's business model is central to its agenda to improve corporate reporting, these tensions are relevant to both Integrated Reporting research and broader discussions about whether, or how, disclosing business models advances mainstream reporting frameworks.

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Entitlements and Time: Integrated Reporting's Double-edged Agenda

Cited by 86 publications

References 31 publications

Barriers to implementing the International Integrated Reporting Framework

Barriers to implementing the International Integrated Reporting Framework

Effects of Integrated Reporting on Corporate Disclosure Practices regarding the Capitals and Performance

The Business Model in Integrated Reporting: Evaluating Concept and Application

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