z-logo
Premium
Gaining momentum: Towards integrated reporting practices in Gulf Cooperation Council countries
Author(s) -
Ahmed Ahmed H.,
Elmaghrabi Mohamed E.,
Dunne Theresa,
Hussainey Khaled
Publication year - 2021
Publication title -
business strategy and development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.488
H-Index - 7
ISSN - 2572-3170
DOI - 10.1002/bsd2.130
Subject(s) - integrated reporting , accounting , business , originality , stock exchange , sample (material) , extant taxon , capital market , discretion , index (typography) , descriptive statistics , best practice , stock (firearms) , marketing , finance , economics , political science , management , geography , mathematics , creativity , sustainability , law , ecology , chemistry , world wide web , computer science , biology , chromatography , evolutionary biology , statistics , archaeology
Purpose The study focuses on all nonfinancial companies representing four Gulf countries namely: Saudi Arabia, Kuwait, UAE and Qatar. It provides a comparative analysis of the extent of Integrated Reporting practices amongst 217 listed companies in 2013 and 2014. Design/methodology/approach The sample comprises all nonfinancial companies listed on the respective stock markets. An integrated reporting index comprising 43 items was developed based on a review of the extant literature and the IIRC framework. A descriptive analysis follows which explores the extent of integrated reporting amongst the sample companies. Findings The results indicate that the Integrated Reporting is still in an embryonic stage with companies listed on the UAE and Saudi Arabia stock exchanges taking the lead. The results show great variation amongst the surveyed companies which could reflect the voluntary nature of IR practices and the absence of a universally‐recognised framework that guides such practices, resulting in companies having discretion in terms of the nature and extent of their IR practices. Practical Implications This paper provides evidence from the Gulf region with respect to the extent of integrated reporting practiced there, as the majority of prior studies focus on countries with developed capital markets. The results presented in this paper should therefore be of interest to regulators and standard‐setters charged with developing accounting standards related to integrated reporting. Originality/value To the best of the authors' knowledge this is the first study to investigate IR practices in the Middle East and North Africa region, so it could be regarded as an important step in understanding how this area of research is moving forward in developing countries context and should provide a springboard for future research in this area.

This content is not available in your region!

Continue researching here.

Having issues? You can contact us here