Advertisement

Integrated Report: Is it a Strong or Weak Accountability Tool?

  • Antonella Silvestri
  • Stefania VeltriEmail author
Chapter
Part of the CSR, Sustainability, Ethics & Governance book series (CSEG)

Abstract

The paper aims to develop a specific research template able to support researchers in analyzing the quality of an organizational IR, in terms of degree of accountability towards the stakeholders. The research template makes an original contribution to the IR literature simplifying the elements to consider to express an evaluation about the degree of accountability followed by the organization in disclosing IR, an issue on which there is a concern in the IR literature. On the other hand, the research template introduces subjective elements, both in the selection of the key dimensions included in the research framework, and because observations and conclusions are based on the authors’ analysis under an interpretative approach.

References

  1. Abeysekera, I. (2013). A template for integrated reporting. Journal of Intellectual Capital, 14(2), 227–245.CrossRefGoogle Scholar
  2. Adams, C. A. (2015). Understanding integrated reporting: The concise guide to integrated thinking and the future of corporate reporting. Oxford: Do Sustainability.Google Scholar
  3. Adams, S., & Simnett, R. (2011). Integrated reporting: An opportunity for Australia's not-for-profit sector. Australian Accounting Review, 21(3), 292–301.CrossRefGoogle Scholar
  4. Andreaus, M. (2007). Quale modello di rendicontazione per l’impresa sociale? Impresa Sociale, 76, 59–68.Google Scholar
  5. Aprile, R., & Magnaghi, E. (2014). Business model and integrated reporting: A first analysis. In Knowledge and management models for sustainable growth, e-book of proceedings of IFKAD – International forum on knowledge asset dynamics (pp. 3818–3836). Matera: IKAM.Google Scholar
  6. Azcarate, F., Carrasco, F., & Fernandez, M. (2011). The role of integrated indicators in exhibiting business contribution to sustainable development: A survey of sustainability reporting initiatives. Spanish Accounting Review, 14, 213–240.Google Scholar
  7. Baboukardos, D., & Rimmel, G. (2016). Value relevance of accounting information under an integrated reporting approach: A research note. Journal of Accounting and Public Policy, 35(4), 437–452.CrossRefGoogle Scholar
  8. Beattie, V., & Smith, S. J. (2013). Value creation and business models: Refocusing the intellectual capital debate. The British Accounting Review, 45, 243–254.CrossRefGoogle Scholar
  9. Bernabè, F., & Giorgino, M. C. (2013). “Integrating” business model and strategy. In C. Busco, M. L. Frigo, A. Riccaboni, & P. Quattrone (Eds.), Integrated reporting. Concepts and cases that redefine corporate accountability (pp. 111–126). Cham: Springer.Google Scholar
  10. Busco, C., Frigo, M. L., Riccaboni, A., & Quattrone, P. (Eds.). (2013). Integrated reporting. Concepts and cases that redefine corporate accountability. Cham: Springer.Google Scholar
  11. Christensen, R. A., & Ebrahim, A. (2006). How does accountability affect mission? The case of a nonprofit serving immigrants and refugees. Nonprofit Management & Leadership, 17(2), 195–209.CrossRefGoogle Scholar
  12. Clayton, A. F., Rogerson, J. M., & Rampedi, I. (2015). Integrated reporting vs. sustainability reporting for corporate responsibility in South Africa. Bulletin of Geography, 29, 7–17.Google Scholar
  13. Costa, E., Ramus, T., & Andreaus, M. (2011). Accountability as managerial tool in non-profit organizations: Evidence from Italian CSVs. VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations, 22, 470–492.CrossRefGoogle Scholar
  14. de Villiers, C., Rinaldi, L., & Unerman, J. (2014). Integrated reporting: Insights, gaps and an agenda for future research. Accounting, Auditing and Accountability Journal, 27(7), 1042–1067.CrossRefGoogle Scholar
  15. de Villiers, C., Hsiao, P.-C., & Maroun, W. (2017). Developing a conceptual model of influences around integrated reporting, new insights and directions for future research. Meditari Accountancy Research, 25(4), 450–460.CrossRefGoogle Scholar
  16. Del Baldo, M., & Baldarelli, M. G. (2015). From weak to strong CSR: The experience of the EoC (Economy of Communion) industrial parks in Germany and Italy. UmweltWirtschaftsForum, 3, 1–16.Google Scholar
  17. Doni, F., & Gasperini, A. (2014). The internal integrated reporting and the value creation: A case study approach. In Knowledge and management models for sustainable growth, e-book, of proceedings of IFKAD – International forum on knowledge asset dynamics (pp. 2666–2704). Matera: IKAM.Google Scholar
  18. Du Toit, E. (2017). The readability of integrated reports. Meditari Accountancy Research, 25(4), 629–653.CrossRefGoogle Scholar
  19. Dumay, J., & Garanina, T. (2013). Intellectual capital research: A critical examination of the third stage. Journal of Intellectual Capital, 14(1), 10–25.CrossRefGoogle Scholar
  20. Dumay, J., Bernardi, C., Guthrie, J., & Demartini, P. (2016). Integrated reporting: A structured literature review. Accounting Forum, 40(3), 166–185.CrossRefGoogle Scholar
  21. Eccles, R. G., & Krzus, M. P. (2010). One report: Integrated reporting for a sustainable strategy. New York: Wiley.Google Scholar
  22. Eccles, R. G., Krzus, M. P., & Ribot, S. (2014). The integrated reporting movement: Meaning, momentum, motives, and materiality. New York: Wiley.Google Scholar
  23. Fasan, M. (2013). Annual reports, sustainability reports and integrated reports: Trends in corporate disclosure. In C. Busco (Ed.), Integrated reporting (pp. 41–58). Cham: Springer.CrossRefGoogle Scholar
  24. Flower, J. (2015). The international integrated reporting council: A story of failure. Critical Perspectives on Accounting, 27, 1–17.CrossRefGoogle Scholar
  25. Freeman, R. E. (1984). Strategic management: A stakeholder approach. Boston, MA: Pitman.Google Scholar
  26. Frías-Aceituno, J. V., Rodríguez-Ariza, L., & García-Sánchez, I. M. (2013). The role of the board in the dissemination of integrated corporate social reporting. Corporate Social Responsibility and Environmental Management, 20(4), 219–233.CrossRefGoogle Scholar
  27. Frías-Aceituno, J. V., Rodríguez-Ariza, L., & Garcia-Sánchez, I. M. (2014). Explanatory factors of integrated sustainability and financial reporting. Business Strategy and the Environment, 23(1), 56–72.CrossRefGoogle Scholar
  28. García-Sánchez, I. M., Rodríguez-Ariza, L. B., & Frías-Aceituno, J. V. (2013). The cultural system and integrated reporting. International Business Review, 22, 828–838.CrossRefGoogle Scholar
  29. Garriga, E., & Melé, D. (2004). Corporate social responsibility theories: Mapping the territory. Journal of Business Ethics, 53(1–2), 51–71.CrossRefGoogle Scholar
  30. Giovannoni, E., & Fabietti, G. (2013). What is sustainability? A review of the concept and its applications. In C. Busco (Ed.), Integrated reporting (pp. 21–40). Cham: Springer.CrossRefGoogle Scholar
  31. Gray, R., Adams, C., & Owen, D. (2014). Accountability, social responsibility and sustainability: Accounting for society and the environment. Harlow: Pearson.Google Scholar
  32. GRI. (2013). The sustainability content of integrated reports. A survey of pioneers. GRI, Amsterdam. Accessed March 8, 2016, from https://www.globalreport-ing.org/resourcelibrary/GRI-IR.pdf
  33. Haji, A. A., & Anifowose, M. (2016). The trend of integrated reporting practice in South Africa: Ceremonial or substantive? Sustainability Accounting, Management and Policy Journal, 7(2), 190–224.CrossRefGoogle Scholar
  34. Huang, X. B., & Watson, L. (2015). Corporate social responsibility research in accounting. Journal of Accounting Literature, 34, 1–16.CrossRefGoogle Scholar
  35. IIRC – International Integrated Reporting Council. (2013). Integrated reporting: The IIRC. Accessed April 16, 2015, from www.theiirc.org/
  36. Kolk, A., & van Tulder, R. (2010). International business, corporate social responsibility and sustainable development. International Business Review, 19, 119–125.CrossRefGoogle Scholar
  37. KPMG. (2012). Integrated reporting. Performance insight through better business reporting. Issue 2. Accessed April 10, 2015, from www.kpmg.com/AU/en/IssuesAndInsights/ArticlesPublications/Better-Business-Reporting/Documents/integrated-reporting-issue-2.pdf
  38. KPMG. (2015). The KPMG survey of corporate responsibility reporting 2015. Accessed March 24, 2016, from http://www.kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/Documents/kpmg-survey-of-corporate-responsibility-reporting-2015-O-201511.pdf
  39. Lipunga, A. M. (2015). Integrated reporting in developing countries. Evidence from Malawi. Journal of Management Research, 7, 130–156.CrossRefGoogle Scholar
  40. Manetti, G. (2011). The quality of stakeholder engagement in sustainability reporting: Empirical evidence and critical points. Corporate Social Responsibility and Environmental Management, 18(2), 110–122.CrossRefGoogle Scholar
  41. Marx, B., & Mohammadali-Haji, A. (2014). Emerging trends in reporting: An analysis of integrated reporting practices by South African top 40 listed companies. Journal of Economic and Financial Sciences, 7, 231–250.Google Scholar
  42. Massaro, M., Dumay, J., & Guthrie, J. (2016). On the shoulders of giants: Undertaking a structured literature review in accounting. Accounting, Auditing & Accountability Journal, 29(5), 767–801.CrossRefGoogle Scholar
  43. Nugent, M. (2015, April 20). Integrated reporting: The current state of play. Melbourne: Presentation to the Association of Chartered Certified Accountants.Google Scholar
  44. Owen, D., Swift, T., & Hunt, K. (2001). Questioning the role of stakeholder engagement in social and ethical accounting, auditing and reporting. Accounting Forum, 25, 264–282.CrossRefGoogle Scholar
  45. Paternostro, S. (2013). The connectivity of information for the integrated reporting. In C. Busco (Ed.), Integrated reporting (pp. 59–77). Cham: Springer.CrossRefGoogle Scholar
  46. Petty, R., & Guthrie, J. (2000). Intellectual capital literature review: Measurement, reporting and management. Journal of Intellectual Capital, 1(2), 155–176.CrossRefGoogle Scholar
  47. Pozzoli, M., & Gesuele, B. (2016). From theory to practice: First adoption of integrated reporting by the Italian public utilities. In D. Mancini, R. P. Dameri, & E. Bonollo (Eds.), Strengthening information and control systems (pp. 121–132). Cham: Springer.CrossRefGoogle Scholar
  48. PWC. (2013). The value creation journey. A survey of JSE top-40 companies’ integrated reports. Accessed March 6, 2014, from www.pwc.com/corporatereporting
  49. Rinaldi, L. (2013). Stakeholder engagement. In C. Busco, M. L. Frigo, A. Riccaboni, & P. Quattrone (Eds.), Integrated reporting. Concepts and cases that redefine corporate accountability (pp. 95–110). London: Springer.Google Scholar
  50. Ruiz-Lozano, M., & Tirado-Valencia, P. (2016). Do industrial companies respond to the guiding principles of the integrated reporting framework? A preliminary study on the first companies joined to the initiative. Revista de Contabilidad, 19(2), 252–260.CrossRefGoogle Scholar
  51. Seuring, S., & Mueller, M. (2008). Core issues in sustainable supply chain management—A Delphi study. Business Strategy and the Environment, 17, 455–466.CrossRefGoogle Scholar
  52. Silvestri, A., Veltri, S., Venturelli, A., & Petruzzelli, S. (2017). A research template to evaluate the degree of accountability of integrated reporting: A case study. Meditari Accountancy Research, 25(4), 675–704.CrossRefGoogle Scholar
  53. Simaens, A., & Koster, M. (2013). Reporting on sustainable operations by third sector organizations. Public Management Review, 15(7), 1040–1062.CrossRefGoogle Scholar
  54. Stacchezzini, R., Melloni, G., & Lai, A. (2016). Sustainability management and reporting: The role of integrated reporting for communicating corporate sustainability management. Journal of Cleaner Production, 136(A), 102–110.CrossRefGoogle Scholar
  55. Stent, W., & Dowler, T. (2015). Early assessments of the gap between integrated reporting and current corporate reporting. Meditari Accountancy Research, 23, 92–117.CrossRefGoogle Scholar
  56. Stubbs, W., & Higgins, C. (2014). Integrating reporting and internal mechanisms of change. Accounting, Auditing & Accountability Journal, 27(7), 1068–1089.CrossRefGoogle Scholar
  57. Surroca, J., Tribò, J. A., & Waddock, S. (2010). Corporate responsibility and financial performance: The role of intangible resources. Strategic Management Journal, 31, 463–490.CrossRefGoogle Scholar
  58. Tweedie, D. (2014, July 7–9). Integrated reporting: Symptom or cure of new capitalism’s ills?. Proceedings of the Critical Perspectives on Accounting Conference, Toronto.Google Scholar
  59. Vaz, N., Fernandez-Feijoo, B., & Ruiz, S. (2016). Integrated reporting: An international overview. Business Ethics: A European Review, 25(4), 577–591.CrossRefGoogle Scholar
  60. Velte, P., & Stawinoga, M. (2017). Integrated reporting: The current state of empirical research, limitations and future research implications. Journal of Management Control, 28(3), 275–320.CrossRefGoogle Scholar
  61. Veltri, S., & Bronzetti, G. (2014). Intellectual capital reporting in the Italian nonprofit sector. An image-building or an accountability tool? In E. Costa, L. D. Parker, & M. Andreaus (Eds.), Accountability and social accounting for social and non-profit organizations. Bingley: Emerald.Google Scholar
  62. Veltri, S., & Silvestri, A. (2015). The Free State university integrated reporting: A critical consideration. Journal of Intellectual Capital, 16(2), 443–462.CrossRefGoogle Scholar
  63. Waddock, S. A. (2002). Leading corporate citizens: Vision, values, value added. Boston, MA: McGraw-Hill.Google Scholar
  64. Wild, S., & van Staden, C. (2013). Integrated reporting: Initial analysis of early reporters–an institutional theory approach [Available on line]. Accessed May 4, 2015, from http://www.apira2013.org/
  65. Zott, C., Amit, R., & Massa, l. (2011). The business model: Recent developments and future research. Journal of Management, 37(4), 1019–1042.CrossRefGoogle Scholar

Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Department of Business Administration and LawUniversity of CalabriaRendeItaly

Personalised recommendations