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Why Integrated Reporting? Insights from Early Adoption in an Emerging Economy

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Listed:
  • José Navarrete-Oyarce

    (Facultad de Economía y Negocios, Universidad Andrés Bello, Concepción 4030000, Chile)

  • Hugo Moraga-Flores

    (Departamento de Contabilidad y Auditoría, Universidad de Concepción, Concepción 4030000, Chile)

  • Juan Alejandro Gallegos Mardones

    (Facultad de Ciencias Económicas y Administrativas, Departamento de Auditoría y Sistemas de Información, Universidad Católica de la Santísima Concepción, Concepción 4030000, Chile)

  • José Luis Gallizo

    (Departamento de Administración de Empresas, Universidad de Lleida, 25002 Lleida, Spain)

Abstract

The purpose of this research is to contribute new and relevant information about the early adoption of integrated reporting in an emerging economy, in this case the Chilean economy, with emphasis on the reasons for its use, the perceived benefits, and the difficulties experienced during the process of adoption. Methodologically, this work uses a qualitative approach, utilising semi-structured interviews as a data collection instrument that are applied to the managers in charge of preparing this reporting for a sample of companies that trade on the Chilean stock exchange. These interviews were interpreted using an analysis of their content. The results obtained are in accordance with the literature and the empirical evidence, with the characteristics belonging to an emerging economy and highlighting the importance of communicating with the stakeholders. The relationship with the stakeholders and the inclusion in international contexts were the most valued. It is also highlighted that all of the companies analysed declare sustainability as a strategic focus, which is an infrequent situation in developing economies. One limitation of this work is the low valuation and use that market agents still assign to integrated reporting in Chile, which affects the degree of preparation and utilisation, and could be explained by other types of incentives and motivations.

Suggested Citation

  • José Navarrete-Oyarce & Hugo Moraga-Flores & Juan Alejandro Gallegos Mardones & José Luis Gallizo, 2022. "Why Integrated Reporting? Insights from Early Adoption in an Emerging Economy," Sustainability, MDPI, vol. 14(3), pages 1-16, February.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:3:p:1695-:d:740321
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    References listed on IDEAS

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    1. Yaismir Adriana Rivera-Arrubla & Ana Zorio-Grima & María A. García-Benau, 2017. "Integrated reports: disclosure level and explanatory factors," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 13(1), pages 155-176, March.
    2. Blake E. Ashforth & Barrie W. Gibbs, 1990. "The Double-Edge of Organizational Legitimation," Organization Science, INFORMS, vol. 1(2), pages 177-194, May.
    3. Rupley, Kathleen Hertz & Brown, Darrell & Marshall, Scott, 2017. "Evolution of corporate reporting: From stand-alone corporate social responsibility reporting to integrated reporting," Research in Accounting Regulation, Elsevier, vol. 29(2), pages 172-176.
    4. Levi S. Stewart, 2015. "Growing Demand for ESG Information and Standards: Understanding Corporate Opportunities as Well as Risks," Journal of Applied Corporate Finance, Morgan Stanley, vol. 27(2), pages 58-63, June.
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    1. Zoltán Csedő & József Magyari & Máté Zavarkó, 2022. "Dynamic Corporate Governance, Innovation, and Sustainability: Post-COVID Period," Sustainability, MDPI, vol. 14(6), pages 1-21, March.

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