State of the Art of Empirical Research on Ethics and Integrity in Governance

Abstract

In view of the increased demand for non-financial reporting later on the financial crunch of 2008/2009, integrated reporting (IR) plays a cardinal function in management control and stakeholder relations direction. As a consequence of "integrated thinking" IR combines traditional financial accounting with sustainability and corporate governance related issues to enhance the decision usefulness of modern business reporting. Although there has been steady growth in the sensation of IR research (Eccles et al. J Appl Corp Finance 27:eight–17, 2015), the electric current state of empirical IR research activities is non well described and so far. This literature review evaluates 44 empirical studies on IR which were published especially after the adoption of the IR framework past the International Integrated Reporting Council (IIRC) in Dec 2013. We will briefly introduce the IR research calendar, which provides a clear structure for the analysis of current empirical research activities in this field. For the market, organization and individual/group conclusion level, we show which factors contribute to IR implementation and IR quality. Furthermore, empirical research focuses on market reactions to IR. We likewise stress the limitations of the studies and provide useful recommendation for future IR enquiry activities for each level of analysis.

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Author data

Affiliations

1. Chair of Accounting & Auditing, Leuphana University of Lueneburg, Scharnhorststr. 1, 21335, Lueneburg, Germany

   Patrick Velte

2. Chair for Business Administration, particularly Accounting & Auditing, Helmut-Schmidt-University/University of the Federal Military Hamburg, Holstenhofweg 85, 22043, Hamburg, Germany

   Martin Stawinoga

Corresponding writer

Correspondence to Patrick Velte.

Additional information

The authors give thanks the anonymous reviewers and the managing editor for their helpful comments.

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Cite this article

Velte, P., Stawinoga, Grand. Integrated reporting: The current state of empirical research, limitations and futurity inquiry implications. J Manag Control 28, 275–320 (2017). https://doi.org/10.1007/s00187-016-0235-4

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• Published: xiii May 2016

• Upshot Date: October 2017

• DOI : https://doi.org/10.1007/s00187-016-0235-4

Keywords

• Integrated reporting
• Legitimization theory
• Institutional theory
• Behavioural decision theory
• Resource dependency theory
• Empirical research

JEL Classification

• M410
• M420

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