The Relevance of Integrated Reporting in Investment Decision Making: A Proposed Framework

Main Article Content

Abdul Alim Baser
Zakiah Saleh
Mazni Abdullah


Research aim: Although Integrated Reporting (IR) has been widely adopted worldwide, literature on its usefulness in stock investment decision making is still scant and inconclusive. As such, this paper aims to articulate a conceptual framework to catechize the nexus between IR information, and stock investment decision making.
Design/ Methodology/ Approach: The extant literature on IR is critically reviewed to identify gaps in knowledge, and finally to propose a framework that can link the IR and investment decision making.
Research finding: This paper argues that IR information disclosed through six types of capital information (Financial, Human, Intellectual, Manufactured, Natural, and Social and Relational) can impact stock investment decision making both directly and indirectly. The indirect or mediation effect is performed by the reporting engendered firm’s reputation as perceived by the investors.
Theoretical contribution/ Originality: Bearing stockholders’ information needs, this paper broadens the demand-side IR literature by showing an otherwise overlooked interlinkage between IR information, and investment decision making.
Practitioner/ Policy implication: This paper offers new insights to investors, regulators, and researchers who had been arguing and searching for the usefulness of IR in the capital market.
Research limitation: Since IR is a growing field of research, future research might include different behavioural biases or personal values in the proposed investment decision making framework.
Keywords: Integrated Reporting (IR), Investment decision, Corporate reputation, Corporate reporting.
Type of article: Conceptual paper
JEL Classification: M14, M40, M41, M48, G11, G38


Download data is not yet available.

Article Details

Conceptual Paper


Abhayawansa, S., Elijido-Ten, E., & Dumay, J. (2019). A practice theoretical analysis of the irrelevance of integrated reporting to mainstream sell-side analysts. Accounting and Finance, 59(3), 1621–1653.

Adams, C. A. (2015). The international integrated reporting council: A call to action. Critical Perspectives on Accounting, 27, 23–28.

Adams, C. A., Potter, B., Singh, P. J., & York, J. (2016). Exploring the implications of integrated reporting for social investment (disclosures). British Accounting Review, 48(3), 283–296.

Adedeji, B. S., Ong, T. S., & Rahman, M. M. (2020). Intellectual capital as a mediator between corporate governance and sustainability initiative: A conceptual review. World Review of Entrepreneurship, Management and Sustainable Development, 16(3), 299–316.

Adhikary, B. K., Kutsuna, K., & Xu, J. (2019). Corporate reputation , shareholders ’ gains , and market discounts : evidence from the private equity placement in China. Journal of Chinese Governance, 0(0), 1–24.

Al-Htaybat, K., & von Alberti-Alhtaybat, L. (2018). Integrated thinking leading to integrated reporting: case study insights from a global player. Accounting, Auditing and Accountability Journal, 31(5), 1435–1460.

Ali, R., Lynch, R., Melewar, T. C., & Jin, Z. (2015). The moderating influences on the relationship of corporate reputation with its antecedents and consequences: A meta-analytic review. Journal of Business Research, 68(5), 1105–1117.

Alniacik, U., Alniacik, E., & Genc, N. (2011). How corporate social responsibility information influences stakeholders’ intentions. Corporate Social Responsibility and Environmental Management, 18(4), 234–245.

Andrei Shleifer, & Vishny, R. W. (1997). A Survey of Corporate Governance Andrei. Journal of Finance, 52(2), 737–783.

Armitage, S., & Marston, C. (2008). Corporate disclosure, cost of capital and reputation: Evidence from finance directors. British Accounting Review, 40(4), 314–336.

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.

Bagwell, K. (1992). Pricing to Signal Management Quality. Journal of Economics and Management Strategy, I(1), 151–174.

Ball, R., & Brown, P. (1968). An Empirical Evaluation of Accounting Income Numbers Author ( s ): Ray Ball and Philip Brown Published by : Blackwell Publishing on behalf of The Institute of Professional Accounting , Graduate School of Business , University of Chicago Stable URL : http: Journal of Accounting Research, 6(2), 159–178.

Ball, Ray. (2013). Accounting informs investors and earnings management is rife: Two questionable beliefs. Accounting Horizons, 27(4), 847–853.

Barber, B. M., Heath, C., & Odean, T. (2003). Good Reasons Sell: Reason-Based Choice Among Group and Individual Investors in the Stock Market. Management Science, 49(12), 1636–1652.

Barker, R. (2019). Corporate natural capital accounting. Oxford Review of Economic Policy, 35(1), 68–87.

Barth, M. E., Cahan, S. F., Chen, L., & Venter, E. R. (2017). The economic consequences associated with integrated report quality: Capital market and real effects. Accounting, Organizations and Society, 62(2017), 43–64.

Baumgartner, K. T., Ernst, C. A., & Fischer, T. M. (2020). How Corporate Reputation Disclosures Affect Stakeholders ’ Behavioral Intentions : Mediating Mechanisms of Perceived Organizational Performance and Corporate Reputation. Journal of Business Ethics, (0123456789).

Belkaoui, A. (1980). The impact of socio-economic accounting statements on the investment decision: An empirical study. Accounting, Organizations and Society, 5(3), 263–283.

Bernardi, C., & Stark, A. W. (2018). Environmental, social and governance disclosure, integrated reporting, and the accuracy of analyst forecasts. British Accounting Review, 50(1), 16–31.

Black, E. L., Carnes, T. A., & Richardson, V. J. (2000). The market valuation of corporate reputation. Corporate Reputation Review, 3(1), 31–42.

Brammer, S. J., Brooks, C., & Pavelin, S. (2004). Corporate Reputation and Stock Returns: Are Good Firms Good for Investors? Ssrn, (0), 0–21.

Brenner, S. N., & Cochran, P. (1991). The Stakeholder Theory of the Firm: Implications for Business and Society Theory and Research. In Proceedings of the Second Annual Meeting (pp. 897–933).

Brooks, M. E., Highhouse, S., Russell, S. S., & Mohr, D. C. (2003). Familiarity, Ambivalence, and Firm Reputation: Is Corporate Fame a Double-Edged Sword? Journal of Applied Psychology, 88(5), 904–914.

Bucaro, A. C., Jackson, K. E., & Lill, J. B. (2019). The Influence of Corporate Social Responsibility Measures on Investors’ Judgments when Integrated in a Financial Report versus Presented in a Separate Report. Contemporary Accounting Research.

Burritt, R. L., & Schaltegger, S. (2010). Sustainability accounting and reporting: Fad or trend? Accounting, Auditing & Accountability Journal, 23(7), 829–846.

Caglio, A., Melloni, G., & Perego, P. (2020). Informational Content and Assurance of Textual Disclosures: Evidence on Integrated Reporting. European Accounting Review, 29(1), 55–83.

Caruana, A., Cohen, C., & Krentler, K. a. (2006). Corporate reputation and shareholders’ intentions: An attitudinal perspective. Journal of Brand Management, 13(6), 429–440.

Chan, C. C. C., & Milne, M. J. (1999). Investor reactions to corporate environmental saints and sinners: An experimental analysis. Accounting and Business Research, 29(4), 265–279.

Cho, C. H., Michelon, G., Patten, D. M., & Roberts, R. W. (2015). CSR disclosure: The more things change…? Accounting, Auditing and Accountability Journal, 28(1), 14–35.

Clarkson, M. E. (1995). a Stakeholder Framework for Analyzing and Evaluating Corporate Social Performance. Academy of Management Review, 20(1), 92–117.

Connelly, B. L., Certo, S. T., Ireland, R. D., & Reutzel, C. R. (2011). Signaling theory: A review and assessment. Journal of Management, 37(1), 39–67.

Coram, P. J., Mock, T. J., & Monroe, G. S. (2011). Financial analysts’ evaluation of enhanced disclosure of non-financial performance indicators. British Accounting Review, 43(2), 87–101.

Cordeiro, J. J., & Sambharya, R. B. (1997). Do Corporate Reputations Influence Security Analyst Earnings Forecasts? An Empirical Study. Corporate Reputation Review, 1(1–2), 94–97.

Cortesi, A., & Vena, L. (2019). Disclosure quality under Integrated Reporting: A value relevance approach. Journal of Cleaner Production, 220, 745–755.

Crane, A., Matten, D., & Moon, J. (2004). Stakeholders as citizens? Rethinking rights, participation, and democracy. Journal of Business Ethics, 53(1–2), 107–122.

Devine, I., & Halpern, P. (2001). Implicit Claims: The Role of Corporate Reputation in Value Creation. Corporate Reputation Review, 4(1), 42–49.

Dhaliwal, D. S., Li, O. Z., Tsang, A., & Yang, Y. G. (2011). Voluntary nonfinancial disclosure and the cost of equity capital: The initiation of corporate social responsibility reporting. The Accounting Review, 86(1), 59–100.

Donaldson, T., & Preston, L. E. (1995). The stakeholder theory of the corporation: Concepts, Evidence and Implications. Corporate Reputation Review, 20(1), 65–91.

Doni, F., Larsen, M., Bianchi Martini, S., & Corvino, A. (2019). Exploring integrated reporting in the banking industry: the multiple capitals approach. Journal of Intellectual Capital.

Doong, S. C., Fung, H. G., & Wu, J. Y. (2011). Are social, financial, and human capital value enhancing? Evidence from Taiwanese firms. International Review of Economics and Finance, 20(3), 395–405.

Dragu, I.-M. (2018). Adoption of Integrated Reporting – An Attempt to Reduce the Gaps between CSR Discourse and Its Implementation. Redefining Corporate Social Responsibility, 13, 43–70.

Dragu, I. (2019). The Evolution of Corporate Sustainability and Corporate Social Responsibility Towards the Common Goal of Integrated Reporting. In S. O. Idowu & M. D. Baldo (Eds.), Integrated Reporting, CSR, Sustainability, Ethics & Governance (pp. 77–93). Switzerland: Springer Nature.

Dumay, J., Bernardi, C., Guthrie, J., & Demartini, P. (2016). Integrated reporting: A structured literature review. Accounting Forum, 40(3), 166–185.

Eccles, B. R. G., & Krzus, M. P. (2010). Integrated Reporting for a Sustainable Strategy. Financial Executive, 29–32.

Eccles, R. G., & Armbrester, K. (2011). Integrated Reporting in the Cloud. IESE Insight, (8.1), 13–20. Retrieved from

Eccles, R. G., Kastrapeli, M. D., & Potter, S. (2018). How to Integrate ESG into Investment Decision‐Making: Results of a Global Survey of Institutional Investors. Ssrn.

Eccles, R. G., & Saltzman. (2011). Achieving Sustainability Through Integrated Reporting. Stanford Social Innovation Review, Summer(2), 56–61.

Ewing, M. T., Caruana, A., & Rinson Loy, E. (1999). Corporate reputation and perceived risk in professional engineering services. Corporate Communications: An International Journal, 4(3), 121–128.

Fasaei, H., Tempelaar, M. P., & Jansen, J. J. P. (2017). Firm reputation and investment decisions : The contingency role of securities analysts ’ recommendations. Long Range Planning.

Flatt, S. J., & Kowalczyk, S. J. (2006). Corporate Reputation as a Mediating Variable between Corporate Culture and Financial Performance. In Reputation Institute Conference. New York.

Flöstrand, P., & Ström, N. (2006). The valuation relevance of non-financial information. Management Research News, 29(9), 580–597.

Flower, J. (2015). The international integrated reporting council: A story of failure. Critical Perspectives on Accounting, 27, 1–17.

Fombrun, C. J. (1996). Reputation: Realizing Value from the Corporate Image. Harvard Business School Press. Retrieved from

Fombrun, C., & Shanley, M. (1990). What’S in a Name? Reputation Building and Corporate Strategy. Academy of Management Journal, 33(2), 233–258.

Fombrun, Charles. (2012). The building blocks of corporate reputation: Definitions, antecedents, consequences. The Oxford Handbook of Corporate Reputation, 94–113.

Freeman, R. E. (1984). Strategic Management: A Stakeholder Approach. Boston: Pitman Publishing.

Gardberg, N. A. (2017). Corporate Reputation: Fashion, Fad, or Phenomenon? Corporate Reputation Review, 20(3–4), 177–180.

Gibassier, D., Rodrigue, M., & Arjaliès, D.-L. (2018). “Integrated reporting is like God: no one has met Him, but everybody talks about Him”. Accounting, Auditing & Accountability Journal, 31(5), 1349–1380.

Gniewosz, G. (1990). The Share Investment Decision Process and Information Use: An Exploratory Case Study. Accounting and Business Research, 20(79), 223–230.

Gök, O., & Özkaya, H. (2011). Does corporate reputation improve stock performance in an emerging economy evidence from Turkey. Corporate Reputation Review, 14(1), 53–61.

Gomez-trujillo, A. M., Velez-ocampo, J., & Gonzalez-perez, M. A. (2019). A literature review on the causality between sustainability and corporate reputation What goes first ? Management of Environmental Quality: An International Journal.

Gotsi, M., & Wilson, A. M. (2001). Corporate reputation : seeking a definition. Corporate Communications: An International Journal, 6(1), 24–30.

Healy, P. M., & Palepu, K. G. (1993). The Effect of Firms’ Financial Disclosure Strategies on Stock Prices. Accounting Horizons, 7(1), 1–11.

Helm, S. (2007). The Role of Corporate Reputation in Determining Investor Satisfaction and Loyalty. Corporate Reputation Review, 10(1), 22–37.

Higgins, C., Stubbs, W., & Love, T. (2014). Walking the talk(s): Organisational narratives of integrated reporting. Accounting, Auditing & Accountability Journal, 27(7), 1090–1119.

Howitt, R. (2018). Aligning corporate reporting: a system for long-term value creation. In Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR).

Hsiao, P. C. K., & Kelly, M. (2018). Investment considerations and impressions of integrated reporting: Evidence from Taiwan. Sustainability Accounting, Management and Policy Journal, 9(1), 2–28.

IIRC. (2013). The international Integrated Reporting framework. The International Framework, 37.

IIRC. (2021). < IR > FRAMEWORK. London. Retrieved from

Ioana, D., & Adriana, T.-T. (2014). Research Agenda on Integrated Reporting: New Emergent Theory and Practice. Procedia Economics and Finance, 15(14), 221–227.

Ioannou, I., & Serafeim, G. (2015). The impact of corporate social responsibility on investment recommendations: analyst’s perceptions and shifting institutional logics. Strategic Management Journal, 36(7), 1053–1081.

Jacobs, B. W., Singhal, V. R., & Subramanian, R. (2010). An empirical investigation of environmental performance and the market value of the firm. Journal of Operations Management, 28(5), 430–441.

Jauernig, J., & Valentinov, V. (2019). CSR as hypocrisy avoidance: a conceptual framework. Sustainability Accounting, Management and Policy Journal, 10(1), 2–25. Retrieved from SAMPJ-05-2018-0141

Javed, M., Rashid, M. A., & Ali, H. Y. (2019). The effects of corporate social responsibility on corporate reputation and firm financial performance : Moderating role of responsible leadership, (November), 1–15.

Jensen, J. C., & Berg, N. (2012). Determinants of Traditional Sustainability Reporting Versus Integrated Reporting. An Institutionalist Approach. Business Strategy and the Environment, 21(5), 299–316.

Kannenberg, L., & Schreck, P. (2019). Integrated reporting: boon or bane? A review of empirical research on its determinants and implications. Journal of Business Economics (Vol. 89). Springer Berlin Heidelberg.

Karim, N., & Taqi, S. (2013). The importance of corporate management accountability. Journal of Managerial Sciences, 7(1), 59–73. Retrieved from

Knauer, A., & Serafeim, G. (2014). Attracting Long‐Term Investors Through Integrated Thinking and Reporting: A Clinical Study of a Biopharmaceutical Company. Ssrn.

Koehler, D. A. (2006). Capital markets and corporate environmental performance Research in the United States. In S. Schaltegger & M. Wagner (Eds.), Managing the Business Case for Sustainability (pp. 211–231). Sheffield: Greenleaf Publishing.

KPMG. (2017). The road ahead The KPMG Survey of Corporate Responsibility Reporting 2017.

KPMG. (2020). The time has come! The KPMG Survey of Sustainability Reporting 2020.

Krishnan, C. N. V, Ivanov, V. I., Masulis, R. W., & Ajai K. Singh. (2011). Venture Capital Reputation , Post-IPO Performance , and Corporate Governance. Journal of Financial and Quantitative Analysis, 46(5), 1295–1333.

Landau, A., Rochell, J., Klein, C., & Zwergel, B. (2020). Integrated reporting of environmental, social, and governance and financial data: Does the market value integrated reports? Business Strategy and the Environment, 29(4), 1750–1763.

Landgraf, E., & Riahi-belkaoui, A. (2003). Corporate Disclosure Quality and Corporate Reputation. Review of Accounting and Finance, 2(1), 86–95.

Larkin, M. B., Bernardi, R. A., & Bosco, S. M. (2012). Board Gender Diversity,Corporate Reputation and Market Performance. The International Journal of Banking and Finance, 9(1), 1–26.

Lau, C. K., Too, S. W., & Looi, X. H. (2019). The decision usefulness of intellectual capital information in Malaysia: The perspectives of ipo prospectus preparers and users. International Journal of Business and Society, 20(1), 19–36.

Lawrence, A. (2013). Individual investors and financial disclosure. Journal of Accounting and Economics, 56(1), 130–147.

Lee, J., & Roh, J. J. (2012). Revisiting corporate reputation and firm performance link. Benchmarking: An International Journal, 19(4), 649–664.

Lee, K. W., & Yeo, G. H. H. (2016). The association between integrated reporting and firm valuation. Rnd Aceview of Quantitative Finance Acounting, 47(4), 1221–1250.

Loulou-Baklouti, S., & Triki, M. (2018). Preparers’ and users’ perception of intellectual capital information usefulness: A Tunisian exploratory study. Journal of Intellectual Capital, 19(3), 617–643.

Lozano, R., & Huisingh, D. (2011). Inter-linking issues and dimensions in sustainability reporting. Journal of Cleaner Production, 19(2–3), 99–107.

MacLeod, J. S. (1967). The effect of corporate reputation on corporate success. Management Review, 56(10), 67–71.

Manuel, J., Fuente, D., & Puente, E. D. Q. (2003). In practice empirical analysis of the relationship between corporate reputation and financial performance : A survey of the literature. Corporate Reputation Review, 6(2), 161–177.

Marcia, A., Maroun, W., & Callaghan, C. (2015). Value relevance and corporate responsibility reporting in the South African context: An alternate view post King-III. South African Journal of Economic and Management Sciences, 18(4), 500–518.

Martinez, C. (2015). Does the Level of Alignment with the Integrated Reporting Framework Reduce Information Asymmetry? Ssrn, 1–23.

McNally, M.-A., Cerbone, D., & Maroun, W. (2017). Exploring the challenges of preparing an integrated report. Meditari Accountancy Research, 00–00.

Milne, M. J., & Gray, R. (2013). W(h)ither Ecology? The Triple Bottom Line, the Global Reporting Initiative, and Corporate Sustainability Reporting. Journal of Business Ethics, 118(1), 13–29.

Mio, C., Panfilo, S., & Blundo, B. (2020). Sustainable development goals and the strategic role of business: A systematic literature review. Business Strategy and the Environment, (January), 1–26.

Money, K., Saraeva, A., Stephen, I. G., & Hillenbrand, C. (2017). Corporate Reputation Past and Future : A Review and Integration of Existing Literature and a Framework for Future Research. Corporate Reputation Review, (2010).

Nahata, R. (2008). Venture capital reputation and investment performance. Journal of Financial Economics, 88(1), 127–151.

Naveed, M., Ali, S., Iqbal, K., & Sohail, M. K. (2020). Role of financial and non-financial information in determining individual investor investment decision: a signaling perspective. South Asian Journal of Business Studies, 9(2), 261–278.

Obeng, V. A., Ahmed, K., & Miglani, S. (2020). Integrated reporting and earnings quality: The moderating effect of agency costs. Pacific Basin Finance Journal, 60, 101285.

Odriozola, M. D., & Baraibar-diez, E. (2017). Is Corporate Reputation Associated with Quality of CSR Reporting? Evidence from Spain. Corporate Social Responsibility and Environmental Management, 24(2), 121–132.

Pavlopoulos, A., Magnis, C., & Iatridis, G. E. (2019). Integrated reporting: An accounting disclosure tool for high quality financial reporting. Research in International Business and Finance, 49, 13–40.

Pérez-Cornejo, C., de Quevedo-Puente, E., & Delgado-García, J. B. (2020). Reporting as a booster of the corporate social performance effect on corporate reputation. Corporate Social Responsibility and Environmental Management, 27(3), 1252–1263.

Petcharat, N., & Zaman, M. (2019). Sustainability reporting and integrated reporting perspectives of Thai-listed companies. Journal of Financial Reporting and Accounting, 17(4), 671–694.

Pham, H. S. T., & Tran, H. T. (2020). CSR disclosure and firm performance : The mediating role of corporate reputation and moderating role of CEO integrity. Journal of Business Research, 120(July), 127–136.

Philips, R. (2003). Stakeholder Theory and Organizational Ethics. San Francisco: Berret-Koehler Publishers.

Puncheva, P. (2008). The Role of Corporate Reputation in the Stakeholder Decision-Making Process. Business & Society, 47(3), 272–290.

Reimsbach, D., Hahn, R., & Gürtürk, A. (2017). Integrated Reporting and Assurance of Sustainability Information: An Experimental Study on Professional Investors’ Information Processing. European Accounting Review, 27(3), 559–581.

Rensburg, R., & Botha, E. (2014). Is Integrated Reporting the silver bullet of financial communication? A stakeholder perspective from South Africa. Public Relations Review, 40(2), 144–152.

Riahi-belkaoui, A., & Pavlikt, E. (1991). Asset Management Performance and Reputation Building for Large US Firms. British Journal of Management, 2(July), 231–238.

Rinaldi, L., Unerman, J., & de Villiers, C. (2018). Evaluating the integrated reporting journey: insights, gaps and agendas for future research. Accounting, Auditing and Accountability Journal, 31(5), 1294–1318.

Rindova, V. P., Williamson, I. A. N. O., Petkova, A. P., & Joy Marie Sever. (2005). Being Good or Being Known: An Empirical Examination of the Dimensions, Antecedents, and Cosequences of Organizational Reputation. Academy of Management Journal, 48(6), 1033–1049.

Roberts, P. W., & Dowling, G. R. (1997). The Value of a Firm’s Corporate Reputation: How Reputation Helps Attain and Sustain Superior Profitability. Corporate Reputation Review, 1(1–2), 72–76.

Roberts, P. W., & Dowling, G. R. (2002). Corporate reputation and sustained superior financial performance. Strategic Management Journal, 23(12), 1077–1093.

Rose, C., & Thomsen, S. (2004). The impact of corporate reputation on performance: Some Danish evidence. European Management Journal, 22(2), 201–210.

Rothenhoefer, L. M. (2018). The impact of CSR on corporate reputation perceptions of the public — A configurational multi ‐ time , multi ‐ source perspective. Business Ethis: A European Review, (December 2016), 1–15.

Rupley, K. H., Brown, D., & Marshall, S. (2017). Evolution of corporate reporting: From stand-alone corporate social responsibility reporting to integrated reporting. Research in Accounting Regulation, 29(2), 172–176.

Salvi, A., Vitolla, F., Raimo, N., Rubino, M., & Petruzzella, F. (2020). Does intellectual capital disclosure affect the cost of equity capital? An empirical analysis in the integrated reporting context. Journal of Intellectual Capital, 21(6), 985–1007.

Sánchez, J. F., Sotorrío, L. L., & Díez, E. B. (2012). Can corporate reputation protect companies value Spanish evidence of the 2007 Financial crash. Corporate Reputation Review, 15(4), 228–239.

Slack, R., & Tsalavoutas, I. (2018). Integrated reporting decision usefulness: Mainstream equity market views. Accounting Forum, 42(2), 184–198.

Solomon, J. F., & Solomon, A. (2006). Private social, ethical and environmental disclosure. Accounting, Auditing and Accountability Journal, 19(4), 564–591.

Spence, Michael. (2002). Signaling in Retrospect and the Informational Structure of Markets. American Economic Review, 92(3), 434–459.

Spence, MICHAEL. (1973). JOB MARKET SIGNALING **The essay is based on the author’s doctoral dissertation (“Market Signalling: The Informational Structure of Job Markets and Related Phenomena,” Ph.D. thesis, Harvard University, 1972), forthcoming as a book entitled Market Signalin. Uncertainty in Economics (Vol. 87). ACADEMIC PRESS, INC.

Srivastava, R. K., McInish, T. H., Wood, R. a, & Capraro, A. J. (1997). The Value of Corporate Reputation: Evidence from the Equity Markets. Corporate Reputation Review, 1(1), 61–68.

Steyn, M. (2014). Organisational benefits and implementation challenges of mandatory integrated reporting: Perspectives of senior executives at South African listed companies. Sustainability Accounting, Management and Policy Journal, 5(4), 476–503.

Stieb, J. A. (2009). Assessing Freeman’s stakeholder theory. Journal of Business Ethics, 87(3), 401–414.

Stubbs, W., & Higgins, C. (2014). Integrated reporting and internal mechanisms of change. Accounting, Auditing and Accountability Journal, 27(7), 1068–1089.

Stubbs, W., & Higgins, C. (2018). Stakeholders’ Perspectives on the Role of Regulatory Reform in Integrated Reporting. Journal of Business Ethics, 147(3), 489–508.

Sultana, S., Zulkifli, N., & Zainal, D. (2018). Environmental, social and governance (ESG) and investment decision in Bangladesh. Sustainability (Switzerland), 10(6), 1–19.

Tranfield, D., Denyer, D., & Smart, P. (2003). Study on and instrument to assess knowledge supply chain systems using advanced kaizen activity in SMEs. British Journal of Management, 14, 207–222.

van der Laan Smith, J., Adhikari, A., & Tondkar, R. H. (2005). Exploring differences in social disclosures internationally: A stakeholder perspective. Journal of Accounting and Public Policy, 24(2), 123–151.

van der Laan Smith, J., Adhikari, A., Tondkar, R. H., & Andrews, R. L. (2010). The impact of corporate social disclosure on investment behavior: A cross-national study. Journal of Accounting and Public Policy, 29(2), 177–192.

Veh, A., Gobel, M., & Rick Vogel. (2018). Corporate reputation in management research : a review of the literature and assessment of the concept. Business Research, 1–39.

Veltri, S., & Silvestri, A. (2020). The value relevance of corporate financial and nonfinancial information provided by the integrated report: A systematic review. Business Strategy and the Environment, (May), 1–17.

Vena, L., Sciascia, S., & Cortesi, A. (2020). Integrated reporting and cost of capital: The moderating role of cultural dimensions. Journal of International Financial Management and Accounting, 31(2), 191–214.

Vitolla, F., Raimo, N., & De Nuccio, E. (2018). Integrated Reporting: Development and State of Art —The Italian Case in the International Context. International Journal of Business and Management, 13(11), 233.

Vitolla, F., Raimo, N., Rubino, M., & Garzoni, A. (2020). The determinants of integrated reporting quality in financial institutions. Corporate Governance (Bingley), 20(3), 429–444.

Wahl, A., Charifzadeh, M., & Diefenbach, F. (2020). Voluntary Adopters of Integrated Reporting – Evidence on Forecast Accuracy and Firm Value. Business Strategy and the Environment, 29(6), 2542–2556.

Walker, K. (2010). A systematic review of the corporate reputation literature: Definition, measurement, and theory. Corporate Reputation Review, 12(4), 357–387.

Xavier-Oliveira, E., Laplume, A. O., & Pathak, S. (2015). What motivates entrepreneurial entry under economic inequality? The role of human and financial capital. Human Relations, 68(7), 1183–1207.

Zeff, S. A. (2003). How the U.S. Accounting Profession Got Where It Is Today: Part I. Accounting Horizons, 17(3), 189–205.

Zhang, Y., & Wiersema, M. F. (2009). Stock Market Reaction to CEO Certification: The Signalling Role of CEO Background. Strategic Management Journal, 30, 693–710.

Zhou, S., Simnett, R., & Green, W. (2017). Does Integrated Reporting Matter to the Capital Market ? ABACUS, 53(1), 94–132.

Most read articles by the same author(s)

1 2 3 4 > >>