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How pressure from stakeholders affects integrated reporting quality
Author(s) -
Vitolla Filippo,
Raimo Nicola,
Rubino Michele,
Garzoni Antonello
Publication year - 2019
Publication title -
corporate social responsibility and environmental management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.519
H-Index - 73
eISSN - 1535-3966
pISSN - 1535-3958
DOI - 10.1002/csr.1850
Subject(s) - viewpoints , business , integrated reporting , quality (philosophy) , stakeholder , shareholder , stakeholder theory , process (computing) , accounting , stakeholder engagement , knowledge management , marketing , process management , corporate governance , public relations , sustainability , finance , computer science , political science , art , ecology , philosophy , epistemology , visual arts , biology , operating system
Integrated reporting (IR) is considered an innovative and effective reporting tool that includes financial and nonfinancial information. Recently, there has been a heightened emphasis on IR from both academic and professional viewpoints. However, despite the importance of stakeholders in the practice of IR, their impact on the report drafting process has not been analysed in any study. Therefore, this study aims to fill this gap by analysing the relationship between stakeholders' pressure and IR quality. On the basis of the stakeholder theory, this study uses a regression model to demonstrate how the IR quality is significantly and positively associated with the stakeholders' pressures. Specifically, results of this study indicate that pressures from customers, environmental protection organizations, employees, shareholders, and governments determine the IR quality. To the best of our knowledge, this is the first study that investigates stakeholders' pressure as a determinant of IR quality.