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Disclosure of Intellectual Capital Components in Integrated Reporting: An Empirical Analysis

Author

Listed:
  • Serena Santis

    () (Department of Political Science “Jean Monnet”, University of Campania “Luigi Vanvitelli”, Viale Ellittico, no. 31, 81100 Caserta, Italy)

  • Michela Bianchi

    () (Department of Political Science, University of Roma Tre, Via Gabriello Chiabrera, 199, 00145 Rome, Italy)

  • Alberto Incollingo

    () (Department of Political Science “Jean Monnet”, University of Campania “Luigi Vanvitelli”, Viale Ellittico, no. 31, 81100 Caserta, Italy)

  • Marco Bisogno

    () (Department of Management & Innovation Systems, University of Salerno, Giovanni Paolo II, no. 132, 84084 Fisciano (SA), Italy)

Abstract

The purpose of the study is to investigate how firms disclose information in their integrated report (IR) on intellectual capital (IC), regarding its components and their link with the value creation process. Therefore, by adopting a content analysis methodology, the study, which covers three years (2014–2016), is focused on IC. A sample of firms belonging to the financial services sector is investigated by analysing 135 integrated reports. The main findings show that firms, on the one hand, provide information on IC by adopting a classification close to those outlined by IC scholars; on the other hand, the vast majority of the investigated firms tends to adopt a superficial approach. More specifically, firms disclose a low amount of information about the link between IC and the value creation process, even though they are aware of its importance.

Suggested Citation

  • Serena Santis & Michela Bianchi & Alberto Incollingo & Marco Bisogno, 2018. "Disclosure of Intellectual Capital Components in Integrated Reporting: An Empirical Analysis," Sustainability, MDPI, Open Access Journal, vol. 11(1), pages 1-15, December.
  • Handle: RePEc:gam:jsusta:v:11:y:2018:i:1:p:62-:d:192618
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    References listed on IDEAS

    as
    1. Omaima Hassan & Claire Marston, 2010. "Disclosure measurement in the empirical accounting literature - a review article," Accountancy Discussion Papers 1004, Accountancy Research Group, Heriot Watt University.
    2. Robert G. Eccles & Michael P. Krzus & Sydney Ribot, 2015. "Models of Best Practice in Integrated Reporting 2015," Journal of Applied Corporate Finance, Morgan Stanley, vol. 27(2), pages 103-115, June.
    3. Colin Higgins & Wendy Stubbs & Tyron Love, 2014. "Walking the talk(s): Organisational narratives of integrated reporting," Accounting, Auditing & Accountability Journal, Emerald Group Publishing, vol. 27(7), pages 1090-1119, August.
    4. repec:bla:abacus:v:53:y:2017:i:1:p:94-132 is not listed on IDEAS
    5. Alberto Incollingo & Michela Bianchi, 2016. "The Connectivity of Information in Integrated Reporting. Empirical Evidence from International Context," FINANCIAL REPORTING, FrancoAngeli Editore, vol. 2016(2), pages 55-78.
    6. Robert G. Eccles & George Serafeim & Michael P. Krzus, 2011. "Market Interest in Nonfinancial Information," Journal of Applied Corporate Finance, Morgan Stanley, vol. 23(4), pages 113-127, December.
    7. Robert G. Eccles & Michael P. Krzus & George Serafeim, 2011. "Market Interest in Nonfinancial Information," Harvard Business School Working Papers 12-018, Harvard Business School.
    8. Charl de Villiers & Leonardo Rinaldi & Jeffrey Unerman, 2014. "Integrated Reporting: Insights, gaps and an agenda for future research," Accounting, Auditing & Accountability Journal, Emerald Group Publishing, vol. 27(7), pages 1042-1067, August.
    9. repec:eee:crpeac:v:27:y:2015:i:c:p:1-17 is not listed on IDEAS
    10. repec:eee:spacre:v:19:y:2016:i:2:p:252-260 is not listed on IDEAS
    11. Sarah Adams & Roger Simnett, 2011. "Integrated Reporting: An Opportunity for Australia's Not-for-Profit Sector," Australian Accounting Review, CPA Australia, vol. 21(3), pages 292-301, September.
    12. Judy Brown & Jesse Dillard, 2014. "Integrated reporting: On the need for broadening out and opening up," Accounting, Auditing & Accountability Journal, Emerald Group Publishing, vol. 27(7), pages 1120-1156, August.
    13. Gareth Owen, 2013. "Integrated Reporting: A Review of Developments and their Implications for the Accounting Curriculum," Accounting Education, Taylor & Francis Journals, vol. 22(4), pages 340-356, August.
    14. Gareth Owen, 2013. "A Rejoinder to Commentaries on 'Integrated Reporting: A Review of Developments and their Implications for the Accounting Curriculum'," Accounting Education, Taylor & Francis Journals, vol. 22(4), pages 363-365, August.
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    1. repec:gam:jsusta:v:11:y:2019:i:7:p:1899-:d:218348 is not listed on IDEAS

    More about this item

    Keywords

    integrated reporting; intellectual capital; disclosure;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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