The role of board of directors in intellectual capital disclosure after the advent of integrated reporting

Vitolla, Filippo; Raimo, Nicola; Marrone, Arcangelo; Rubino, Michele

doi:10.1002/csr.1957

Cited by 80 publications

(135 citation statements)

References 115 publications

(182 reference statements)

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“…Agency theory is one of the most widely used theoretical perspectives to explain the relationship between corporate governance mechanisms and disclosure (Ahmed Haji, 2015; Barako, Hancock, & Izan, 2006; Donnelly & Mulcahy, 2008; Ika & Ghazali, 2012; Frias‐Aceituno et al, 2013; Vitolla, Raimo, Marrone, & Rubino, 2020). Therefore, the relationship between audit committee and disclosure has also often been analysed on the basis of agency theory, proposed by Jensen and Meckling (1976) and supported by Fama and Jensen (1983).…”

Section: Theory and Hypotheses Developmentmentioning

confidence: 99%

“…Furthermore, IR aims to ‘enhance accountability and stewardship for the broad base of capitals (financial, manufactured, intellectual, human, social and relationship, and natural) and promote understanding of their interdependencies’ (IIRC, 2013, p. 2). Given the focus on the role of intangibles (Vitolla, Raimo, & Rubino, 2019b, Vitolla, Raimo, Marrone, & Rubino, 2020; Salvi, Vitolla, Giakoumelou, Raimo, & Rubino, 2020; Salvi, Vitolla, Raimo, Rubino, & Petruzzella, 2020) and the orientation towards the past, present and future (Abeysekera, 2013), IR allows the limits of financial disclosure to be overcome (Adams & Simnett, 2011).…”

Section: Introductionmentioning

confidence: 99%

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Do audit committee attributes influence integrated reporting quality? An agency theory viewpoint

et al. 2020

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The limits of financial disclosure in meeting the investors' needs have led to the request for reporting frameworks capable of incorporating information of different nature. Integrated reporting (IR), which is the latest novelty in organisational reporting practice, promises to bring together material financial and non‐financial information. IR has received considerable academic attention in recent years. However, little attention has been paid to the role of the audit committee in IR processes, despite the influence that this body has on disclosure, thanks to its supervisory and monitoring functions. This study bridges this gap by analysing the effect of the audit committee attributes on integrated reporting quality (IRQ) from an agency theory perspective. The regression analysis, conducted on a sample of 125 international firms, demonstrated a positive effect of size, independence and meeting frequency of the audit committee on IRQ and a non‐significant effect of financial expertise.

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Section: Theory and Hypotheses Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Do audit committee attributes influence integrated reporting quality? An agency theory viewpoint

et al. 2020

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“…IIRC framework allows the disclosure of all resources (financial and nonfinancial capitals) affecting the value creation of the organization (de Villiers & Hsiao, 2018). Nonfinancial capitals (intellectual, human, and social and relationship) broadly align with the three components of intellectual capital (structural, human and relational; Melloni, 2015) IR is an innovative tool to disseminate IC information (Vitolla, Raimo, Marrone, et al, 2020) IIRC framework comprised ambiguous meanings and assessments of nonfinancial capitals that have led to complexities in the assurance mechanisms of IR (Cheng et al, 2014;Maroun, 2018).…”

Section: Searching For Relevant Studiesmentioning

confidence: 99%

The value relevance of corporate financial and nonfinancial information provided by the integrated report: A systematic review

Veltri

Silvestri

2020

Bus Strat Env

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The integrated report (IR) is a new reporting tool connecting financial and nonfinancial information, in one report. The aim of IR is to present the firm's value creation over time. In recent years, IR has received both increasing academic and professional interest. Recent researches have focused on the potentialities (and criticalities) of IR and on its determinants, while there is a dearth of studies examining the value relevance of the information disclosed through IR for investors. Furthermore, in the literature, there are two competing views on IR usefulness for investors, one positing IR as beneficial, the other, detrimental to investors. Our study intends to contribute to the existing literature by systematically reviewing the empirical studies conducted until now in a thorough and unbiased manner, allowing more general conclusions to be drawn about the phenomenon than is possible from individual studies and to give some insights for further research activities.

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“…Prior research has examined the effects of gender diversity issues from the perspective of agency theory and stakeholder theory. First, scholars based on agency theory has revealed that board gender diversity has a positive impact on integrated reporting quality [26] and intellectual capital disclosure quality [27]. Since female board directors are more likely to pay attention to sustainable issues, corporations with more female board directors will hence improve disclosure quality [26].…”

Section: The Impact Of Board Gender Diversitymentioning

confidence: 99%

Female Board Directors and Corporate Environmental Investment: A Contingent View

Liang

Yang

2021

Sustainability

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Board diversity has become a major topic in a developed context, yet its impact has not been examined by scholars in emerging economies where the liberalization of women is not equally popular. Based on upper echelons theory, this study explores the impact of female board directors on corporate environmental investment (CEI), as well as its boundary conditions under different institutional backgrounds. Taking 463 A-share listed corporations in Shanghai and Shenzhen Stock Exchange from 2008–2017 as examples, we reveal that female board directors are positively related to CEI. In addition, provincial pollution level and regional legal development strengthen the positive relationship between female board directors and CEI. These findings contribute to upper echelons theory that board diversity facilitates corporate pro-social behaviors, especially under pressure from the external environment, emphasizing the influence of female directors’ characteristics. Our research also has managerial implications that corporations may enhance their representation of female directors for better environmental actions and subsequent better marketing performance as well as improved reputation. Moreover, the government is suggested to put forward regulations that increase the proportion of female directors in order to enhance corporate environmental investment.

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The role of board of directors in intellectual capital disclosure after the advent of integrated reporting

Cited by 80 publications

References 115 publications

Do audit committee attributes influence integrated reporting quality? An agency theory viewpoint

Do audit committee attributes influence integrated reporting quality? An agency theory viewpoint

The value relevance of corporate financial and nonfinancial information provided by the integrated report: A systematic review

Female Board Directors and Corporate Environmental Investment: A Contingent View

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