nach oben

Erschienen in:

2020 | OriginalPaper | Buchkapitel

Searching for Social and Environmental Accountability in Integrated Reporting: A Stewardship Approach

verfasst von : Miriam Corrado, Paola Demartini

Erschienen in: Accounting, Accountability and Society

Verlag: Springer International Publishing

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

The study aims to examine the role of integrated reporting (<IR>) Framework as part of the corporate reporting systems through the lenses of both the managerial and organisational approach and the social accounting approach identified by Contrafatto (2014) within the stewardship theory. The study adopts the Delphi method, based on semi-structured interviews conducted to gather insights from a pilot sample made up of experts operating in academia, institutions and corporate and investors’ networks, who are directly involved in the <IR> debate. Our findings support a potentially positive impact of <IR> Framework within corporate reporting systems thanks to its innovative characteristics. This study contributes to the need to support <IR> by examining its impact on management thinking and internal transformations (Adhariani and de Villiers 2019) and encouraging behaviours consistent with organisations’ sustainability objectives (De Villiers and Maroun 2017).

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Vorheriges Kapitel Mandatory Disclosure of Non-financial Information: A Structured Literature Review

Nächstes Kapitel CSR and Greenwashing: A Matter of Perception in the Search of Legitimacy

Nur mit Berechtigung zugänglich

Adams, C. A. (2001). A critique of reporting on ethical, social and environmental issues: The case of ICI. In APIRA Conference (pp. 15–17) Adelaide.

Adams, C. A. (2002). Internal organisational factors influencing corporate social and ethical reporting: Beyond current theorising. Accounting, Auditing & Accountability Journal, 15(2), 223–250.

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

Adams, C. A. (2017). The Sustainable Development Goals, integrated thinking and the integrated report. Published by the IIRC and ICAS.

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

Adhariani, D., & de Villiers, C. (2019). Integrated reporting: Perspective of corporate report preparers and other stakeholders. Sustainability Accounting, Management and Policy Journal, 10(1), 126–156.

Albanese, R., Dacin, M. T., & Harris, I. C. (1997). Agents as stewards.

Argento, D., Culasso, F., & Truant, E. (2018). From sustainability to integrated reporting: The legitimizing role of the CSR Manager. Organization and Environment, 32, 1–24.

Arnold, P. J. (1990). The state and political theory in corporate social disclosure research: A response to Guthrie and Parker. Advances in Public Interest Accounting, 3(2), 177–181.

Bebbington, J., Russell, S., & Thomson, I. (2017). Accounting and sustainable development: Reflections and propositions. Critical Perspectives on Accounting, 48, 21–34.

Belkaoui, A. (1984). Socio-economic Accounting. Connecticut: Quorum Books.

Belkaoui, A., & Karpik, P. G. (1989). Determinants of the corporate decision to disclose social information. Accounting, Auditing & Accountability Journal, 2(1), 36–51.

Benjamin, J. J., & Stanga, K. G. (1977). Difference in disclosure needs of major users of financial statements. Accounting and Business Research, 7, 187–192. (Summer).

Bepari, M. K., & Mollik, A. T. (2016). Stakeholders’ interest in sustainability assurance process: an examination of assurance statements reported by Australian companies. Managerial Auditing Journal, 31(6/7), 655–687.

Boiral, O. (2013). Sustainability reports as simulacra? A counter-account of A and A + GRI reports. Accounting, Auditing & Accountability Journal, 26(7), 1036–1071.

Bowen, K. J., Cradock-Henry, N. A., Koch, F., Patterson, J., Häyhä, T., Vogt, J., et al. (2017). Implementing the “Sustainable Development Goals”: Towards addressing three key governance challenges—Collective action, trade-offs, and accountability. Current opinion in environmental sustainability, 26, 90–96.

Braam, G., Uit de Weerd, L., Hauck, M., & Huijbregts, M. (2016). Determinants of corporate environmental reporting: The importance of environmental performance and assurance. Journal of Cleaner Production, 129, 724–734.

Brown, J., & Dillard, J. (2014). Integrated reporting: On the need for broadening out and opening up. Accounting, Auditing & Accountability Journal, 27(7), 1120–1156.

Burke, J., & Clark, C. (2016). The business case for integrated reporting: Insights from leading practitioners, regulators, and academics. Business Horizons, 59, 273–283.

Busco, C., Giovannoni, E., Granà, F., & Izzo, M. F. (2018). Making sustainability meaningful: Aspirations, discourses and reporting practices. Accounting, Auditing & Accountability Journal.

Busco, C., Malafronte, I., Pereira, J., & Starita, M. G. (2019). The determinants of companies’ levels of integration: Does one size fit all? The British Accounting Review, 51, 277–298.

Camilleri M. A. (2018). Theoretical insights on Integrated reporting: The inclusion of non-financial capitals in corporate disclosures. Corporate communications: An International Journal.

Casonato, F., Farneti, F., & Dumay, J. (2018). Social capital and integrated reporting: Losing legitimacy when reporting talk is not supported by actions. Journal of Intellectual Capital, 20(1), 144–164.

Casonato, F., Farneti, F., & Dumay, J. (2019). Social capital and integrated reporting: Losing legitimacy when reporting talk is not supported by actions. Journal of Intellectual Capital, 20(1), 144–164.

Chenall, R. H., & Juchau, R. (1977). Investor information needs: An Australian study. Accounting and Business Research, 26, 111–119. (Spring).

Cohen, J. R., & Simnett, R. (2015). CSR and assurance services: A research agenda. Auditing: A Journal of Practice & Theory, 34(1), 59–74.

Contrafatto, M. (2014). Stewardship theory: Approaches and perspectives. In Accountability and social accounting for social and non-profit organizations (pp. 177–196). Emerald Group Publishing Limited.

Contrafatto, M., & Bebbington, J. (2013). Developing techniques for stewardship: A Scottish study. In Accounting for social value (pp. 31–54). Toronto, Buffalo, and London: University of Toronto Press.

Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997a). Davis, Schoorman, and Donaldson reply: The distinctiveness of agency theory and stewardship theory. The Academy of Management Review, 22(3), 611.

Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997b). Toward a stewardship theory of management. Academy of Management Review, 22(1), 20–47.

Deegan, C. (2002). Introduction: The legitimising effect of social and environmental disclosures—A theoretical foundation. Accounting, Auditing & Accountability Journal, 15(3), 282–311.

De Villiers, C., & Maroun, W. (Eds.). (2017). Sustainability accounting and integrated reporting. Routledge.

De Villiers, C., & Sharma, U. (2017). A critical reflection on the future of financial, intellectual capital, sustainability and integrated reporting. Critical perspectives on accounting.

De Villiers, C., & Maroun, W. (2017). The future of sustainability accounting and integrated reporting. In C. De Villiers & W. Maroun (Eds.), Sustainability accounting and integrated reporting. Routledge: Abingdon, UK.

De Villiers, C., Rinaldi, L., & Unerman, J. (2014). Integrated reporting: Insights, gaps and an agenda for future research. Accounting, Auditing & Accountability Journal, 27(7), 1042–1067.

Donaldson, L., & Davis, J. H. (1991). Stewardship theory or agency theory: CEO governance and shareholder returns. Australian Journal of Management, 16(1), 49–64.

Dowling, J., & Pfeffer, J. (1975). Organizational legitimacy: Social values and organizational behavior. The Pacific Sociological Review, 18, 122–136.

Dumay, J. (2016). A critical reflection on the future of intellectual capital: From reporting to disclosure. Journal of Intellectual Capital, 17(1), 168–184.

Dumay, J., & Dai, T. (2017). Integrated thinking as a cultural control? Meditari Accountancy Research, 25(4), 574–604.

Dumay, J., Frost, G., & Beck, C. (2015). Material legitimacy Blending organisational and stakeholder concerns through non-financial information disclosures. Journal of Accounting & Organizational Change, 11(1), 2–23.

Dumay, J., Bernardi, C., Guthrie, J., & La Torre, M. (2017). Barriers to implementing the international integrated reporting framework: A contemporary academic perspective. Meditari Accountancy Research, 25(4), 461–480.

Dumay, J., La Torre, M., & Farneti, F. (2019). Developing trust through stewardship: Implications for intellectual capital, integrated reporting, and the EU Directive 2014/95/EU. Journal of Intellectual Capital, 20(1), 11–39.

Eccles, R. G., & Serafeim, G. (2014). Corporate and integrated reporting: A functional perspective. In E. Lawler & S. Mohrman, & J. O’Toole (Eds.), Corporate stewardship: achieving sustainable effectiveness. Greenleaf, 2015.

Eccles, R. G., & Krzus, M. P. (2014). The integrated reporting movement: Meaning, momentum, motives, and materiality. London: Wiley.

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

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

Gleeson-White, J. (2015). Six capitals, or can accountants save the planet? Rethinking capitalism for the twenty-first century. WW Norton & Company.

Gray, R. (2012). Corporate impact: Measuring and managing your social footprint.

Gray, R., Adams, C., & Owen, D. (2014). Accountability, social responsibility and sustainability: Accounting for society and the environment. Pearson Higher Education.

Gray, R., Kouhy, R., & Lavers, S. (1995). Corporate social and environmental reporting: A review of the literature and a longitudinal study of UK disclosure. Accounting, Auditing & Accountability Journal, 8(2), 47–77.

GRI. (2013). G4 Sustainability Reporting Guidelines. Global Reporting Initiative.

GRI. (2016). Forging a path to integrated reporting. Insights from the GRI Corporate Leadership Group on Integrated Reporting. Available at https://www.globalreporting.org/resourcelibrary/GRI-CLG_IntegratedReporting.pdf.

Guthrie, J., Cuganesan, S., & Ward, L. (2007). Legitimacy theory: A story of reporting social and environmental matters within the Australian food and beverage industry. In 5th Asian Pacific Interdisciplinary Research in Accounting (APIRA) Conference.

Guthrie, J., & Parker, L. D. (1990). Corporate social disclosure practice: A comparative international analysis. Advances in public interest accounting, 3, 159–175.

Haller, A., & van Staden, C. (2014). The value added statement—An appropriate instrument for integrated reporting. Accounting, Auditing & Accountability Journal, 27(7), 1190–1216.

Hasson, F., & Keeney, S. (2011). Enhancing rigour in the Delphi technique research. Technological Forecasting and Social Change, 78(9), 1695–1704.

Idowu, S. O., Dragu, I. M., Tiron-Tudor, A., & Farcas, T. V. (2016). From CSR and sustainability to integrated reporting. International Journal of Social Entrepreneurship and Innovation, 4(2), 134–151.

IAASB. (2016). Supporting Credibility and Trust in Emerging Forms of External Reporting: Ten Key Challenges for Assurance Engagements. Available at https://www.ifac.org/publications-resources/discussion-paper-supporting-credibility-and-trust-emerging-forms-external.

IIRC. (2018). Breaking Through. IIRC Integrated Reporting 2017. UK: International Integrated Reporting Council.

IIRC. (2013). The International <IR> Framework. International Integrated Reporting Council.

Jackson, P. M. (1982). The political economy of bureaucracy. Oxford: Philip Allan.

Jensen, M. C. (1994). Self-interest, altruism, incentives, and agency theory. Journal of applied corporate finance, 7(2), 40–45.

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.

Jones, P., Comfort, D., & Hillier, D. (2016). Managing materiality: a preliminary examination of the adoption of the new GRI G4 guidelines on materiality within the business community. Journal of Public Affairs, 16(3), 222–230.

Keay, A. (2017). Stewardship theory: Is board accountability necessary? International Journal of Law and Management, 59(6), 1292–1314.

Keeney, S. (2009). The Delphi technique. In K. Gerrish & A. Lacey (Eds.), The research process in nursing. London: Blackwell Publishing.

Kılıç, M., & Kuzey, C. (2018). Assessing current company reports according to the IIRC integrated reporting framework. Meditari Accountancy Research, 26(2), 305–333.

Kuusi O. (1999). Expertise in the future use of generic technologies—Epistemic and methodological considerations concerning Delphi studies. (VATT-Research Report). Helsinki:Government Institute for Economic Research.

La Torre, M., Bernardi, C., Guthrie, J., & Dumay, J. (2019). Integrated reporting and integrating thinking: Practical challenges. In S. Arvidsson (Ed.), Challenges in managing sustainable business. Cham: Palgrave Macmillan.

Lai, A., Melloni, G., & Stacchezzini, R. (2018). Integrated reporting and narrative accountability: The role of preparers. Accounting, Auditing & Accountability Journal, 31(5), 1381–1405.

Linstone, H. A., & Turoff, M. (Eds.). (1975). The Delphi method (pp. 3–12). Reading, MA: Addison-Wesley.

Mak, Y. T. (1991). Corporate characteristics and the voluntary disclosure of forecast information: A study of New Zealand prospectuses. British Accounting Review, 23(4), 305–328.

Michelon, G., Pilonato, S., & Ricceri, F. (2015). CSR reporting practices and the quality of disclosure: An empirical analysis. Critical Perspectives on Accounting, 33, 59–78.

Milne, M. J., & Gray, R. (2013). W(h)iter ecology? The triple bottom line, the global reporting initiative, and corporate sustainability reporting. Journal of Business Ethics, 118, 13–29.

Ness, K. E., & Mirza, A. M. (1991). Corporate social disclosure: A note on a test of agency theory. British Accounting Review, 23(3), 211–218.

O’Dwyer, B., & Owen, D. (2007). Seeking stakeholder-centric sustainability assurance. An examination of recent sustainability assurance practise. The Journal of Corporate Citizenship, 25, 77–94.

Parker, L. D. (2005). Social and environmental accountability research: A view from the commentary box. Accounting, Auditing & Accountability Journal, 18(6), 842–860.

Perego, P., & Kolk, A. (2012). Multinational accountability on sustainability: The evolution of third-party assurance of sustainability reports. Journal of Business Ethics, 110, 173–190.

Qu, S. Q., & Dumay, J. (2011). The qualitative research interview. Qualitative Research in Accounting & Management, 8(3), 238–264.

Rinaldi, L., Unerman, J. & De Villiers, C. (2018). Evaluating the integrated reporting journey: Insights, gaps and agendas for future research. Accounting, Auditing & Accountability Journal, 31(5) (Forthcoming).

Ritchie, J., & Lewis, J. (2003). Qualitative Research Practice. SAGE.

Rosati, F., & Faria, L. G. (2019). Addressing the SDGs in sustainability reports: The relationship with institutional factors. Journal of cleaner production, 215, 1312–1326.

Rowe, G., & Wright, G. (2011). The Delphi technique: Past, present, and future prospects—Introduction to the special issue. Technological Forecasting and Social Change, 78(9), 1487–1490.

Sciarelli, S. (2005). Il governo dell’impresa: processo decisorio ed etica aziendale. Cedam.

Shane, P., & Spicer, B. (1983). Market response to environmental information produced outside the firm. The Accounting Review, 58, 521–538.

Simnett, R., & Huggins, A. L. (2015). Integrated Reporting and assurance: where can research add value? Sustainability accounting Management and Policy Journal, 6(1), 29–53.

Simnett, R., Vanstraelen, A., & Chua, W. F. (2009). Assurance on sustainability reports: An international comparison. The Accounting Review, 84(3), 937–967.

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, 102–110.

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

Suchman, M. C. (1995). Managing legitimacy: Strategic and institutional approaches. Academy of Management Review, 20(3), 571–610.

Thomson, I. (2015). “But does sustainability need capitalism or an integrated report” a commentary on “the international integrated reporting council: A story of failure” by Flower, J. Critical Perspectives on Accounting, 27, 18–22.

Tregidga, H., Milne, M., & Kearins, K. (2006). Organisational legitimacy and social and environmental reporting research: The potential of disclosure analysis. In 5th Australian Conference on Social and Environmental Accounting Research.

Tregidga, H., Milne, M., & Kearins, K. (2014). (Re) presenting ‘sustainable organizations’. Accounting, Organizations and Society, 39(6), 477–494.

Turoff, M. (1970). The design of a policy Delphi. Journal of Technological Forecasting and Social Change, 2(2), 149–171.

Tweedie, D., & Martinov-Bennie, N. (2015). Entitlements and time: Integrated reporting’s double-edged agenda. Social and Environmental Accountability Journal, 35(1), 49–61.

Ullmann, A. A. (1985). Data in search of a theory: A critical examination of the relationships among social performance, social disclosure, and economic performance of US firms. Academy of Management Review, 10(3), 540–557.

Wong, R., & Millington, A. (2014). Corporate social disclosures: A user perspective on assurance. Accounting, Auditing and Accountability Journal, 27(5), 863–887.

Worrell, J. L., Di Gangi, P. M., & Bush, A. A. (2013). Exploring the use of the Delphi method in accounting information systems research. International Journal of Accounting Information Systems, 14(3), 193–208.

Yin, R. (2014). Case Study Research. SAGE.

Titel: Searching for Social and Environmental Accountability in Integrated Reporting: A Stewardship Approach
verfasst von: Miriam Corrado
Paola Demartini
Verlag: Springer International Publishing
Buch: Accounting, Accountability and Society
Print ISBN: 978-3-030-41141-1

Electronic ISBN: 978-3-030-41142-8

Copyright-Jahr: 2020
DOI: https://doi.org/10.1007/978-3-030-41142-8_7