TY - JOUR

T1 - Integrated reporting

T2 - the current state of empirical research, limitations and future research implications

AU - Velte, Patrick

AU - Stawinoga, Martin

PY - 2017/10/1

Y1 - 2017/10/1

N2 - In view of the increased demand for non-financial reporting after the financialcrisis of 2008/2009, integrated reporting (IR) plays a key role in managementcontrol and stakeholder relations management. As a consequence of “integrated thinking” IR combines traditional financial accounting with sustainability and corporate governance related issues to enhance the decision usefulness of modern Business reporting. Although there has been steady growth in the awareness of IR Research (Eccles et al. J Appl Corp Finance 27:8–17, 2015), the current state of empirical IR research activities is not well described so far. This literature review evaluates 44 empirical studies on IR which were published especially after the adoption of the IR framework by the International Integrated Reporting Council (IIRC) in December 2013. We will briefly introduce the IR research agenda, which provides a clear structure for the analysis of current empirical research activities in this field. For the market, organization and individual/group decision level, we show which factors contribute to IR implementation and IR quality. Furthermore, empirical research focuses on market reactions to IR. We also stress the limitations of the studies and provide useful recommendation for future IR research activities for each level of analysis

AB - In view of the increased demand for non-financial reporting after the financialcrisis of 2008/2009, integrated reporting (IR) plays a key role in managementcontrol and stakeholder relations management. As a consequence of “integrated thinking” IR combines traditional financial accounting with sustainability and corporate governance related issues to enhance the decision usefulness of modern Business reporting. Although there has been steady growth in the awareness of IR Research (Eccles et al. J Appl Corp Finance 27:8–17, 2015), the current state of empirical IR research activities is not well described so far. This literature review evaluates 44 empirical studies on IR which were published especially after the adoption of the IR framework by the International Integrated Reporting Council (IIRC) in December 2013. We will briefly introduce the IR research agenda, which provides a clear structure for the analysis of current empirical research activities in this field. For the market, organization and individual/group decision level, we show which factors contribute to IR implementation and IR quality. Furthermore, empirical research focuses on market reactions to IR. We also stress the limitations of the studies and provide useful recommendation for future IR research activities for each level of analysis

KW - Management studies

KW - Integrated reporting

KW - Legitimization theory

KW - Institutional theory

KW - Behavioural decision theoryq

KW - Resource dependency theory

KW - Empirical Research

KW - Sustainability Science

UR - http://www.scopus.com/inward/record.url?scp=84968547367&partnerID=8YFLogxK

U2 - 10.1007/s00187-016-0235-4

DO - 10.1007/s00187-016-0235-4

M3 - Journal articles

VL - 28

SP - 275

EP - 320

JO - Journal of Management Control

JF - Journal of Management Control

SN - 2191-4761

IS - 3

ER -