References
- Adams, C. A., Potter, B., Singh, P. J., & York, J. (2016). Exploring the implications of integrated reporting for social investment (disclosures). The British Accounting Review, 48(3), 283–296. https://doi.org/10.1016/j.bar.2016.05.002
- Adams, S., & Simnett, R. (2011). Integrated reporting: An opportunity for Australia’s not-for-profit sector. Australian Accounting Review, 21(3), 292–301. https://doi.org/10.1111/j.1835-2561.2011.00143.x
- Ahmed Haji, A., & Anifowose, M. (2016). The trend of integrated reporting practice in South Africa: Ceremonial or substantive? Sustainability Accounting, Management and Policy Journal, 7(2), 190–224. https://doi.org/10.1108/SAMPJ-11-2015-0106
- Alchian, A. A. (1950). Uncertainty, evolution, and economic theory. Journal of Political Economy, 58(3), 211–221. https://doi.org/10.1086/256940
- Ang, J. S., Cole, R. A., & Lin, J. W. (2000). Agency costs and ownership structure. The Journal of Finance, 55(1), 81–106. https://doi.org/10.1111/0022-1082.00201
- 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. https://doi.org/10.1016/j.jaccpubpol.2016.04.004
- 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, 43–64. https://doi.org/10.1016/j.aos.2017.08.005
- Berle, A. A., & Means, G. C. (1932). The modern corporation and private property. Transaction.
- Bernardi, C., & Stark, A. W. (2018). Environmental, social and governance disclosure, integrated reporting, and the accuracy of analyst forecasts. The British Accounting Review, 50(1), 16–31. https://doi.org/10.1016/j.bar.2016.10.001
- Botero, J. C., Djankov, S., Porta, R. L., Lopez-de-Silanes, F., & Shleifer, A. (2004). The regulation of labor. The Quarterly Journal of Economics, 119(4), 1339–1382. https://doi.org/10.1162/0033553042476215
- Bushman, R. M., & Smith, A. J. (2001). Financial accounting information and corporate governance. Journal of Accounting and Economics, 32(1-3), 237–333. https://doi.org/10.1016/S0165-4101(01)00027-1
- Caglio, A., Melloni, G., & Perego, P. (2019). Informational content and assurance of textual disclosures: Evidence on integrated reporting. European Accounting Review. https://doi.org/10.1080/09638180.2019.1677486
- Christensen, H. B., Lee, E., Walker, M., & Zeng, C. (2015). Incentives or standards: What determines accounting quality changes around IFRS adoption? European Accounting Review, 24(1), 31–61. https://doi.org/10.1080/09638180.2015.1009144
- Churet, C., & Eccles, R. G. (2014). Integrated reporting, quality of management, and financial performance. Journal of Applied Corporate Finance, 26(1), 56–64. https://doi.org/10.1111/jacf.12054
- De Villiers, C., Venter, E. R., & Hsiao, P.-C. K. (2017). Integrated reporting: Background, measurement issues, approaches and an agenda for future research. Accounting & Finance, 57(4), 1–23. https://doi.org/10.1111/acfi.12246
- DeAngelo, L. (1988). Managerial competition, information costs, and corporate governance: The use of accounting performance measures in proxy contests. Journal of Accounting and Economics, 10(1), 3–36. https://doi.org/10.1016/0165-4101(88)90021-3
- Dechow, P., Sloan, R., & Sweeney, A. (1996). Causes and consequences of earnings manipulation: An analysis of firms subject to enforcement actions by the SEC. Contemporary Accounting Research, 13(1), 1–36. https://doi.org/10.1111/j.1911-3846.1996.tb00489.x
- Denis, D. J., Denis, D. K., & Yost, K. (2002). Global diversification, industrial diversification, and firm value. The Journal of Finance, 57(5), 1951–1979. https://doi.org/10.1111/0022-1082.00485
- 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. https://doi.org/10.2308/accr.00000005
- Dhaliwal, D. S., Li, O. Z., Tsang, A., & Yang, Y. G. (2014). Corporate social responsibility disclosure and the cost of equity capital: The roles of stakeholder orientation and financial transparency. Journal of Accounting and Public Policy, 33(4), 328–355. https://doi.org/10.1016/j.jaccpubpol.2014.04.006
- Dielman, T. E. (2001). Applied regression analysis for business and economics. Duxbury/Thomson Learning.
- Dye, R. A. (1986). Proprietary and nonproprietary disclosures. Journal of Business, 59(2), 331–366. https://doi.org/10.1086/296331
- Easterbrook, F. H. (1984). Two agency-cost explanations of dividends. The American Economic Review, 74(4), 650–659. https://www.jstor.org/stable/1805130
- Eccles, R. G., Cheng, B., & Saltzman, D. (2010). The landscape of integrated reporting: Reflections and next steps. Harvard Business School.
- Eccles, R. G., & Krzus, M. P. (2010). One report: Integrated reporting for a sustainable strategy. John Wiley & Sons.
- Eccles, R. G., & Serafeim, G. (2015). Corporate and integrated reporting: A functional perspective. In E. Lawler, S. Mohrman, & J. O’Toole (Eds.), Corporate stewardship: Achieving sustainable effectiveness (pp. 156–171). Routledge.
- Eisenhardt, K. M. (1989). Agency theory: An assessment and review. Academy of Management Review, 14(1), 57–74. https://doi.org/10.5465/amr.1989.4279003
- Fama, E. F. (1980). Agency problems and the theory of the firm. Journal of Political Economy, 88(2), 288–307. https://doi.org/10.1086/260866
- Ferrell, A., Liang, H., & Renneboog, L. (2016). Socially responsible firms. Journal of Financial Economics, 122(3), 585–606. https://doi.org/10.1016/j.jfineco.2015.12.003
- Fleming, G., Heaney, R., & McCosker, R. (2005). Agency costs and ownership structure in Australia. Pacific-Basin Finance Journal, 13(1), 29–52. https://doi.org/10.1016/j.pacfin.2004.04.001
- Flower, J. (2015). The international integrated reporting council: A story of failure. Critical Perspectives on Accounting, 27(1), 1–17. https://doi.org/10.1016/j.cpa.2014.07.002
- Frankel, R., Lee, J., & Lemayian, Z. (2018). Proprietary costs and sealing documents in patent litigation. Review of Accounting Studies, 23(2), 452–486. https://doi.org/10.1007/s11142-017-9434-y
- Frias-Aceituno, J. V., Rodríguez-Ariza, L., & Garcia-Sánchez, I. M. (2014). Explanatory factors of integrated sustainability and financial reporting. Business Strategy and the Environment, 23(1), 56–72. https://doi.org/10.1002/bse.1765
- García-Sánchez, I.-M., Rodríguez-Ariza, L., & Frías-Aceituno, J.-V. (2013). The cultural system and integrated reporting. International Business Review, 22(5), 828–838. https://doi.org/10.1016/j.ibusrev.2013.01.007
- Green, W. J., & Cheng, M. M. (2019). Materiality judgments in an integrated reporting setting: The effect of strategic relevance and strategy map. Accounting, Organizations and Society, 73, 1–14. https://doi.org/10.1016/j.aos.2018.07.001
- Gujarati, D. N. (2003). Basic econometrics (4th ed.). McGraw-Hill.
- Henry, D. (2010). Agency costs, ownership structure and corporate governance compliance: A private contracting perspective. Pacific-Basin Finance Journal, 18(1), 24–46. https://doi.org/10.1016/j.pacfin.2009.05.004
- Hope, O. K., & Thomas, W. B. (2008). Managerial empire building and firm disclosure. Journal of Accounting Research, 46(3), 591–626. https://doi.org/10.1111/j.1475-679X.2008.00289.x
- Howitt, R. (2017). Interview with Richard Howitt, chief executive, IIRC. Accounting and Business Magazine, July 7. https://www.accaglobal.com/ubcs/en/member/member/ accounting business/2017/07/interviews/richard-howitt.html
- Howitt, R. (2019). Inspiring global alignment through value creation. https://integratedreporting.org/news/richard-howitt-ceo-iirc-inspiring-global-alignment-through-value-creation/
- Huang, P., & Zhang, Y. (2012). Does enhanced disclosure really reduce agency costs? Evidence from the diversion of corporate resources. The Accounting Review, 87(1), 199–229. https://doi.org/10.2308/accr-10160
- Hutton, A. (2004). Beyond financial reporting an integrated approach to disclosure. Journal of Applied Corporate Finance, 16(4), 8–16. https://doi.org/10.1111/j.1745-6622.2004.tb00669.x
- International Integrated Reporting Committee (IIRC). (2013). The international <IR> framework.
- International Integrated Reporting Council (IIRC). (2017). Creating value: Benefits to investors.
- Ioannou, I., & Serafeim, G. (2012). What drives corporate social performance? The role of nation-level institutions. Journal of International Business Studies, 43(9), 834–864. https://doi.org/10.1057/jibs.2012.26
- Irani, R. M., & Oesch, D. (2013). Monitoring and corporate disclosure: Evidence from a natural experiment. Journal of Financial Economics, 109(2), 398–418. https://doi.org/10.1016/j.jfineco.2013.02.021
- 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. https://doi.org/10.1002/bse.740
- Jensen, M. C. (1986). Agency costs of free cash flow, corporate finance, and takeovers. The American Economic Review, 76(2), 323–329. https://www.jstor.org/stable/1818789
- Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X
- Jo, H., & Harjoto, M. A. (2011). Corporate governance and firm value: The impact of corporate social responsibility. Journal of Business Ethics, 103(3), 351–383. https://doi.org/10.1007/s10551-011-0869-y
- Jurkus, A. F., Park, J. C., & Woodard, L. S. (2011). Women in top management and agency costs. Journal of Business Research, 64(2), 180–186. https://doi.org/10.1016/j.jbusres.2009.12.010
- Kaplan, S., & Stromberg, P. (2003). Financial contracting theory meets the real world: An empirical analysis of venture capital contracts. Review of Economic Studies, 70(2), 281–315. https://doi.org/10.1111/1467-937X.00245
- Kothari, S. P. (2001). Capital markets research in accounting. Journal of Accounting and Economics, 31(1-3), 105–231. https://doi.org/10.1016/S0165-4101(01)00030-1
- Leuz, C., & Wysocki, P. D. (2016). The economics of disclosure and financial reporting regulation: Evidence and suggestions for future research. Journal of Accounting Research, 54(2), 525–622. https://doi.org/10.1111/1475-679X.12115
- Lin, C., Ma, Y., Malatesta, P., & Xuan, Y. (2011). Ownership structure and the cost of corporate borrowing. Journal of Financial Economics, 100(1), 1–23. https://doi.org/10.1016/j.jfineco.2010.10.012
- Lu, L. Y., Shailer, G., & Yu, Y. (2017). Corporate social responsibility disclosure and the value of cash holdings. European Accounting Review, 26(4), 729–753. https://doi.org/10.1080/09638180.2016.1187074
- Lueg, K., Lueg, R., Andersen, K., & Dancianu, V. (2016). Integrated reporting with CSR practices: A pragmatic constructivist case study in a Danish cultural setting. Corporate Communications: An International Journal, 21(1), 20–35. https://doi.org/10.1108/CCIJ-08-2014-0053
- Manne, H. G. (1965). Mergers and the market for corporate control. Journal of Political Economy, 73(2), 110–120. https://doi.org/10.1086/259000
- Masulis, R. W., & Reza, S. W. (2015). Agency problems of corporate philanthropy. Review of Financial Studies, 28(2), 592–636. https://doi.org/10.1093/rfs/hhu082
- Nam, J., Tang, C., Thornton Jr, J. H., & Wynne, K. (2006). The effect of agency costs on the value of single-segment and multi-segment firms. Journal of Corporate Finance, 12(4), 761–782. https://doi.org/10.1016/j.jcorpfin.2005.06.003
- Neu, D., Warsame, H., & Pedwell, K. (1998). Managing public impressions: Environmental disclosures in annual reports. Accounting, Organizations and Society, 23(3), 265–282. https://doi.org/10.1016/S0361-3682(97)00008-1
- Owen, G. (2013). Integrated reporting: A review of developments and their implications for the accounting curriculum. Accounting Education, 22(4), 340–356. https://doi.org/10.1080/09639284.2013.817798
- Rashid, A. (2016). Managerial ownership and agency cost: Evidence from Bangladesh. Journal of Business Ethics, 137(3), 609–621. https://doi.org/10.1007/s10551-015-2570-z
- Reimsbach, D., Hahn, R., & Gürtürk, A. (2018). Integrated reporting and assurance of sustainability information: An experimental study on professional investors’ information processing. European Accounting Review, 27(3), 559–581. https://doi.org/10.1080/09638180.2016.1273787
- Samet, M., & Jarboui, A. (2017). CSR, agency costs and investment-cash flow sensitivity: A mediated moderation analysis. Managerial Finance, 43(3), 299–312. https://doi.org/10.1108/MF-02-2016-0042
- Serafeim, G. (2015). Integrated reporting and investor clientele. Journal of Applied Corporate Finance, 27(2), 34–51. https://doi.org/10.1111/jacf.12116
- Shleifer, A., & Vishny, R. W. (1989). Management entrenchment: The case of manager-specific investments. Journal of Financial Economics, 25(1), 123–139. https://doi.org/10.1016/0304-405X(89)90099-8
- Singh, M., & Davidson III, W. N. (2003). Agency costs, ownership structure and corporate governance mechanisms. Journal of Banking & Finance, 27(5), 793–816. https://doi.org/10.1016/S0378-4266(01)00260-6
- Slack, R., & Tsalavoutas, I. (2018). Integrated reporting decision usefulness: Mainstream equity market views. Accounting Forum, 42(2), 184–198. https://doi.org/10.1016/j.accfor.2018.01.005
- Stigler, G. J. (1958). The economies of scale. The Journal of Law and Economics, 1, 54–71. https://doi.org/10.1086/466541
- Stiglitz, J. E., & Weiss, A. (1981). Credit rationing in markets with imperfect information. The American Economic Review, 71(3), 393–410. https://www.jstor.org/stable/1802787
- Stolowy, H., & Paugam, L. (2018). The expansion of non-financial reporting: An exploratory study. Accounting and Business Research, 48(5), 525–548. https://doi.org/10.1080/00014788.2018.1470141
- Tucker, J. W. (2010). Selection bias and econometric remedies in accounting and finance research. Journal of Accounting Literature, 29, 31–57.
- 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. https://doi.org/10.1016/j.jaccpubpol.2004.12.007
- Wagenhofer, A. (1990). Voluntary disclosure with a strategic opponent. Journal of Accounting and Economics, 12(4), 341–363. https://doi.org/10.1016/0165-4101(90)90020-5
- Wang, R., Zhou, S., & Wang, T. (2019). Corporate governance, integrated reporting and the use of credibility-enhancing mechanisms on integrated reports. European Accounting Review. https://doi.org/10.1080/09638180.2019.1668281
- Zhou, S., Simnett, R., & Green, W. (2017). Does integrated reporting matter to the capital market? Abacus, 53(1), 94–132. https://doi.org/10.1111/abac.12104