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Gri Compliance And Prerequisites Of Integrated Reporting For Asian-Pacific Companies

Author

Listed:
  • Ioana - Maria Dragu

    (Babes- Bolyai University Cluj- Napoca Romania)

  • Adriana Tiron- Tudor

    (Babes- Bolyai University Cluj- Napoca Romania)

Abstract

Corporate reporting in recent times faces a series of challenges as companies areexpected to reassess their strategy for information disclosure. Within a global economicenvironment that is continuously evolving, there is a strong need for an internationally coordinatedaction as the financial and non-financial information disclosed by a company influences itsstrategic decisions. The topic of the current paper outlines the issue of integrated reporting as theinterconnection between financial, social and environmental information. We intend to investigatethe influence of financial performance on social and environmental disclosure and measure theintegration level of corporations that claim to publish integrated reports. The main stages of theresearch involve the determination of financial ratios and disclosure index levels for environmentaland social information. For the purpose of establishing the disclosure index we consider thereferential of GRI G3 international standards, while compliance with the standard would be theprerequisite for integrated reports, by contributing to an increase in non-financial disclosure, inaddition to the mandatory financial one. Our sample comprises 16 Asian-Pacific companies thatparticipate in the pilot program initiated by the International Integrated Reporting Committeeaccording to which organizations are encouraged to integrate their non-financial information -social and environmental disclosure - within annual reports, along with financial data. Theresearch methodology assumes computation of a disclosure index for social and environmentalinformation, and determination of financial ratios for establishing the influence of financialperformance on socio-environmental disclosure and the actual level of integration in specificintegrated reports. Our findings suggest the financial ratios can be directly, indirectly, and non-correlated with non-financial information, while the integration process is attained at high,medium, or low levels, according to the aggregation of financial, social, and environmentalinformation.

Suggested Citation

  • Ioana - Maria Dragu & Adriana Tiron- Tudor, 2013. "Gri Compliance And Prerequisites Of Integrated Reporting For Asian-Pacific Companies," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(15), pages 1-8.
  • Handle: RePEc:alu:journl:v:2:y:2013:i:15:p:8
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    Keywords

    integrated reporting; GRI compliance; social; environmental; and financial information; disclosure index.;

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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