La relación entre la adhesión de los informes integrados al framework del IIRC y el desempeño económico
DOI:
https://doi.org/10.21680/2176-9036.2022v14n2ID29388Palabras clave:
Informes integrados. Framework. Adherencia. Índice de divulgación. Desempeño Económico.Resumen
Objetivo: Analizar la adherencia de los Informes Integrados de una muestra compuesta por tres empresas brasileñas al Framework del IIRC (International Integrated Reporting Council) y comprender la contribución del nivel de calidad de estos informes al desempeño económico de las empresas adoptantes.
Metodología: Las empresas fueron seleccionadas de la base de datos del IIRC. Tomando como referencia el método presentado por Kiliç y Kuzey (2018), se adaptó un modelo Índice de Divulgación, mediante la técnica de análisis de contenido para medir el nivel de adherencia de los Informes al Marco. Después del cálculo de los Índices de Divulgación, se analizó el Coeficiente de Variación de los índices de liquidez y solvencia de las empresas y el desempeño macroeconómico del período investigado, con el objetivo de verificar si la adhesión de los Informes Integrados al Framework esta asociada con el desempeño económico de las empresas.
Resultados: Los resultados muestran que no es posible afirmar que altos niveles de adhesión al Framework de referencia estén asociados al desempeño económico de las empresas. El cálculo del Coeficiente de Variación de los índices financieros durante el período de publicación de los Informes Integrados no presenta menor dispersión al compararlo con el período anterior a la publicación de los Informes Integrados.
Contribuciones del Estudio: Investigaciones recientes sobre el tema de Informes Integrados no muestran una relación entre la adhesión de las publicaciones al Framework del IIRC y el desempeño económico de las empresas brasileñas. Así, este estudio demuestra ser relevante al investigar el contenido de los Informes Integrados publicados por empresas brasileñas y la relación de esa información con el desempeño económico, verificando si los Informes Integrados cumplen la promesa de entregar beneficios económicos a los adoptantes del modelo.
Descargas
Citas
Abeysekera, I. (2013). A template for integrated reporting. Journal of Intellectual Capital, 14(2), 227–245. https://doi.org/10.1108/14691931311323869.
Aceituno, J. V. F., Ariza, L. R., & Sánchez, I. M. G. (2013). The role of the board in the dissemination of integrated corporate social reporting. Corporate Social Responsibility and Environmental Management, 20(4), 219–233. https://doi.org/10.1002/csr.1294.
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.
Albertini, E. (2019). Integrated reporting: an exploratory study of French companies. Journal of Management and Governance, 23(2), 513–535. https://doi.org/10.1007/s10997-018-94286.
Albuquerque, J. R. de, Rodrigues, R. N., Miranda, L. C., & Sampaio, Y. D. S. B. (2017). Influência da divulgação do Relato Integrado nos indicadores econômico-financeiros: uma análise comparativa do desempenho de empresas participantes e não participantes do projeto piloto do IIRC no Brasil. Revista de Contabilidade Da UFBA, 11(3), 188. https://doi.org/10.9771/rc-ufba.v11i3.23831.
Alves, N. J. F., Kassai, J. R., Lucas, E. C., & Ferreira, H. M. G. (2017). Relato Integrado e o Formato da Informação Financeira para Evidenciar a Criação de Valor das Empresas do Programa Piloto. Revista Evidenciação Contábil & Finanças, 5(3), 99-122.https://doi.org/10.18405/recfin20170306
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(2017), 43–64. https://doi.org/10.1016/j.aos.2017.08.005.
Brown, J., & Dillard, J. (2014). Integrated reporting: on the need for broadening out and opening up. Accounting, Auditing and Accountability Journal, 27(7), 1120–1156. https://doi.org/10.1108/AAAJ-04-2013-1313.
cBukh, P. N., Nielsen, C., Gormsen, P., & Mouritsen, J. (2005). Disclosure of information on intellectual capital in Danish IPO prospectuses. Accounting, Auditing & Accountability Journal, 18(6), 713–732. https://doi.org/10.1108/09513570510627685.
Camodeca, R., Almici, A., & Sagliaschi, U. (2018). Sustainability disclosure in integrated reporting: does it matter to investors? A cheap talk approach. Sustainability (Switzerland), 10(12), 1–34. https://doi.org/10.3390/su10124393.
Cheng, M., Green, W., Conradie, P., Konishi, N., & Romi, A. (2014). The international integrated reporting Framework: key issues and future research opportunities. Journal of International Financial Management and Accounting, 25(1), 90–119. https://doi.org/10.1111/jifm.12015.
Conway, E. (2019). Quantitative impacts of mandatory integrated reporting. Journal of Financial Reporting and Accounting, 17(4), 604-634. https://doi.org/10.1108/JFRA-08-2018-0066.
Cortesi, A., & Vena, L. (2019). Disclosure quality under integrated reporting: a value relevance approach. Journal of Cleaner Production, 220, 745–755. https://doi.org/10.1016/j.jclepro.2019.02.155.
Coulson, A. B., Adams, C. A., Nugent, M. N., & Haynes, K. (2015). Exploring metaphors of capitals and the framing of multiple capitals: challenges and opportunities for . Sustainability Accounting, Management and Policy Journal, 6(3), 290–314.https://doi.org/10.1108/SAMPJ-05-2015-0032.
Crisóstomo, V. L., Forte, H. C., & Prudêncio, P. A. (2020). An analysis of the adherence of Brazilian organizations to GRI as a method of disclosure of corporate social responsibility. Revista Ambiente Contábil - Universidade Federal do Rio Grande Do Norte - ISSN 2176-9036, 12(2). https://doi.org/10.21680/2176-9036.2020v12n2id21526.
Eccles, R. G., & Serafeim, G. (2011). Accelerating the adoption of integrated reporting. CSR Index 2011, 70–92. http://ssrn.com/abstract=1910965.
Flores, E., Fasan, M., Mendes, W, da S., & Sampaio, J. O. (2019). Integrated reporting and capital markets in an international setting: the role of financial analysts. Business Strategy and the Environment, 28(7), 1465–1480. https://doi.org/10.1002/bse.2378.
Gal, G. (2019). The impact of internal control , external assurance , and integrated reports on market value. Corporate Social Responsability And Environmental Management, 27. https://doi.org/10.1002/csr.1878.
Giorgino, M. C., & Supino, E. (2017). Corporate disclosure , materiality , and integrated report : an event study analysis. 2, 1–15. https://doi.org/10.3390/su9122182.
Gonçalves, H. S., Anjos, L. C. M. dos, & Freitas, M. A. de L. (2019). Relato Integrado e desempenho financeiro das empresas listadas na B3. Revista de Administração, Contabilidade e Economia, 18(2), 345–362. https://doi.org/10.18593/race.19954.
Haji, A. A., & Anifowose, M. (2017). Initial trends in corporate disclosures following the introduction of integrated reporting practice in South Africa. Journal of Intellectual Capital, 18(2), 373–399. https://doi.org/10.1108/JIC-01-2016-0020.
Helmina, M. R. A., Ghozali, I., Isgiyarta, J., & Sutomo, I. (2019). How does reporting technology affect firm value? International Journal of Scientific and Technology Research, 8(7), 534–541.
Jaffar, N., Nor, A. S. M., & Selamat, Z. (2019). Integrated report content elements effecting value relevance of publicly listed companies in Malaysia. International Journal of Innovation, Creativity and Change, 8(6), 303–318.
Kiliç, M., & Kuzey, C. (2018). Assessing current company reports according to the IIRC integrated reporting Framework. Meditari Accountancy Research, 26(2), 305–333. https://doi.org/10.1108/MEDAR-04-2017-0138.
Lee, K. W., & Yeo, G. H. H. (2016). The association between integrated reporting and firm valuation. Review of Quantitative Finance and Accounting, 47(4), 1221–1250. https://doi.org/10.1007/s11156-015-0536-y.
Lodhia, S. (2015). Exploring the transition to integrated reporting through a practice lens: an Australian customer owned bank perspective. Journal of Business Ethics, 129(3), 585–598. https://doi.org/10.1007/s10551-014-2194-8.
Matemane, R., & Wentzel, R. (2019). Integrated reporting and financial performance of South African listed banks. Banks and Bank Systems, 14(2), 128–139. https://doi.org/10.21511/bbs.14(2).2019.11.
Martins, G. (2005). Estatística geral e aplicada. São Paulo, SP. Atlas.
Melloni, G., Caglio, A., & Perego, P. (2017). Saying more with less? Disclosure conciseness, completeness and balance in integrated reports. Journal of Accounting and Public Policy, 36(3), 220–238. https://doi.org/10.1016/j.jaccpubpol.2017.03.001.
Oliveira, L., Rodrigues, L. L., & Craig, R. (2010). Intellectual capital reporting in sustainability reports. Journal of Intellectual Capital, 11(4), 575–594. https://doi.org/10.1108/14691931011085696.
Patten, D. M. (2002). The relation between environmental performance and environmental disclosure. Accounting Organizations and Society 27(8), 763-773. https://doi.org/10.1016/S0361-3682(02)00028-4.
Pavlopoulos, A., Magnis, C., & Iatridis, G. E. (2019). Integrated reporting: an accounting disclosure tool for high quality financial reporting. Research in International Business and Finance, 49, 13–40. https://doi.org/10.1016/j.ribaf.2019.02.007.
Peixoto, N; & Martins, V. (2015). Relato integrado e a convergência com relatórios de sustentabilidade: Um estudo em empresas brasileiras. Revista de Auditoria, Governança Contabilidade 3(7), 23 – 36.
Pistoni, A., Songini, L., & Bavagnoli, F. (2018). Integrated reporting quality: an empirical analysis. Corporate Social Responsibility and Environmental Management. https://doi.org/10.1002/csr.1474.
Rambe, P., & Mangara, T. B. (2016). Influence of integrated reporting ratings, CEO age, and years of experience on the share price of top 106 JSE listed companies. Problems and Perspectives in Management, 14(3), 216–231. https://doi.org/10.21511/ppm.14(3-1).2016.08.
Reis, L. dos, Rigo, V. P., & Farinon, K. (2020). Disclosure nos relatórios de sustentabilidade de empresas do novo mercado da Bovespa em consonância com os objetivos de desenvolvimento sustentável publicados pela ONU. Revista Ambiente Contábil - Universidade Federal Do Rio Grande Do Norte - ISSN 2176-9036, 12(1), 88–108. https://doi.org/10.21680/2176-9036.2020v12n1id17379.
Ross, Stephen A; Westerfield, Randolph W; Jordan, B. (1998). Princípios de Administração Financeira. São Paulo, SP. Atlas.
Sánchez, I. M. G., & Gámez, L. N. (2017). Integrated reporting and stakeholder engagement: the effect on information asymmetry. Corporate Social Responsibility and Environmental Management, 24(5), 395–413. https://doi.org/10.1002/csr.1415
Setia, N., Abhayawansa, S., Joshi, M., & Huynh, A. V. (2015). Integrated reporting in South Africa: some initial evidence. Sustainability Accounting, Management and Policy Journal, 6(3), 397–424. https://doi.org/10.1108/SAMPJ-03-2014-0018.
Stemler, S. E. (2014). An overview of content analysis. Practical Assessement, Research and Evaluation. https://doi.org/10.7275/z6fm-2e34.
Teixeira, A; Rech, I; Zanolla, E; & Couto, M. (2021). Level the disclosure of non-financial information of the Brazilian companies participating in the integrated report pilot project. Revista Contemporânea de Contabilidade 18(46), 16-31. https://doi.org/10.5007/2175-8069.2021.e62657
The International Integrated Reporting Coucil (2013). The International Intergrated Reporting Framework. Recuperado em 14 junho, 2017, de https://integratedreporting.org/wp-content/uploads/2015/03/13-12-08-The-International-IR-Framework-2-1.pdf
Villiers, C. de, Rinaldi, L., & Unerman, J. (2014). Integrated reporting: insights, gaps and an agenda for future research. Accounting, Auditing and Accountability Journal, 27(7), 1042–1067. https://doi.org/10.1108/AAAJ-06-2014-1736.
Villiers, C. de, Venter, E. R., & Hsiao, P.-C. K. (2017). Integrated reporting: background, measurement issues, approaches and an agenda for future research. Accounting and Finance, 57(4), 937–959. https://doi.org/10.1111/acfi.12246.
Vitolla, F., Salvi A., Raimo N., Petruzzella F., & Rubino M. (2020). The impact on the cost of equity capital in the effects of integrated reporting quality. Business Strategy and The Environment, 29(2), 519–529. https://doi.org/10.1002/bse.2384
White, M. D., & Marsh, E. (2006). Content analysis: a flexible methodology. Library Trends, 55(1), 22–45. https://doi.org/10.1353/lib.2006.0053.
Willows, G. D., & Rockey, J. A. (2018). Share price reaction to financial and integrated reports. South African Journal of Accounting Research, 174-178. https://doi.org/10.1080/10291954.2018.1514141.
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.
Descargas
Publicado
Cómo citar
Número
Sección
Licencia
Derechos de autor 2022 REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte
Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial-CompartirIgual 4.0.
Autores que publican en esta revista concuerdan con los siguientes términos:
Los autores mantienen los derechos de autor y conceden a la revista el derecho de primera publicación, con la obra simultáneamente licenciada bajo Creative Commons que permite compartir el trabajo con reconocimiento de autoría de la obra y publicación inicial en esta revista.
Los autores tienen autorización para asumir contratos adicionales por separado para distribución no exclusiva de la versión del trabajo publicado en esta revista (por ejemplo: publicar en repositorio institucional o publicarlo como capítulo de un libro), con el reconocimiento de autoría y publicación inicial en esta revista.
Los autores tienen permiso y son estimulados a publicar y distribuir su trabajo on line (por ejemplo: en repositorios institucionales o en su página web), ya que esto puede generar alteraciones productivas, así como aumentar el impacto y la citación del trabajo publicado.
Creative Commons - Atribuição-NãoComercial-SemDerivações 4.0 Internacional.
Português (Brasil)
English
Español (España)
