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Analysis of Voluntary Disclosure Before and After the Establishment of the Integrated Reporting Framework

Author

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  • Nahariah Jaffar

    (Faculty of Management, Multimedia University, Malaysia Author-2-Name: Azleen Shabrina Mohd Nor Author-2-Workplace-Name: Faculty of Management, Multimedia University, Persiaran Multimedia, 63100 Cyberjaya, Selangor, Malaysia Author-3-Name: Zarehan Selamat Author-3-Workplace-Name: Faculty of Management, Multimedia University, Persiaran Multimedia, 63100 Cyberjaya, Selangor, Malaysia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)

Abstract

Objective - The goal of integrated reporting is to enhance the cohesiveness and efficiency of corporate reporting. It encourages organizations to create greater value by identifying the factors that have a material impact on its operations. The Integrated Reporting (IR) Framework guides the overall content of an integrated report through the Guiding Principles and Content Elements. The Framework has eight elements. This study explores the level of voluntary disclosure of information related to these eight elements by companies listed on the Bursa Malaysia before and after the establishment of the Framework. Methodology/Technique - This study examines the annual reports of 603 Main Market listed companies of Bursa Malaysia between 2012 and 2015. The year 2012 is referred to as the "pre-issuance period" while 2015 is referred to as the "post issuance period". Findings - The findings of the study show that the companies that do disclose more information, do so in relation to three out of the eight elements only. These are: governance, strategy and resource allocation, and outlook. Overall, there is a lack of lineage among the information related to the IR elements presented in the annual reports. Novelty - The findings demonstrate the need for the full adoption of integrated reporting in Malaysia.

Suggested Citation

  • Nahariah Jaffar, 2018. "Analysis of Voluntary Disclosure Before and After the Establishment of the Integrated Reporting Framework," GATR Journals afr163, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:afr163
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    References listed on IDEAS

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    1. Ameeta Jain & Monica Keneley & Dianne Thomson, 2015. "Voluntary CSR disclosure works! Evidence from Asia-Pacific banks," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 11(1), pages 2-18, March.
    2. Kumar, Gaurav, 2013. "Voluntary disclosures of intangibles information by U.S.-listed Asian companies," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 22(2), pages 109-118.
    3. Wen Qu & Philomena Leung & Barry Cooper, 2013. "A study of voluntary disclosure of listed Chinese firms – a stakeholder perspective," Managerial Auditing Journal, Emerald Group Publishing, vol. 28(3), pages 261-294, March.
    4. Kashan Pirzada, 2016. "Providers And Users’ Perception Of Voluntary Need Of Human Resource Disclosure: A Content Analysis," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 14(2), pages 232-242, December.
    5. Abdullah, Wan Amalina Wan & Percy, Majella & Stewart, Jenny, 2015. "Determinants of voluntary corporate governance disclosure: Evidence from Islamic banks in the Southeast Asian and the Gulf Cooperation Council regions," Journal of Contemporary Accounting and Economics, Elsevier, vol. 11(3), pages 262-279.
    6. Khondkar E. Karim & Robert Pinsker & Ashok Robin, 2013. "Firm size and the voluntary disclosure of nonfinancial information by private versus public firm managers," Managerial Auditing Journal, Emerald Group Publishing, vol. 28(9), pages 866-892, October.
    7. Gholamreza ZANDI & Alireza SHAHABI, 2012. "The Impact of Direct Benefits of Control on the Price Informative Value of Voluntary Information Disclosure: An Empirical Study of the Iranian Public Listed Companies," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 11(4), pages 564-586, December.
    8. Geert Braam & Lex Borghans, 2014. "Board and auditor interlocks and voluntary disclosure in annual reports," Journal of Financial Reporting and Accounting, Emerald Group Publishing Limited, vol. 12(2), pages 135-160, September.
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    Cited by:

    1. Jukka Mähönen, 2020. "Comprehensive Approach to Relevant and Reliable Reporting in Europe: A Dream Impossible?," Sustainability, MDPI, vol. 12(13), pages 1-38, June.

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    More about this item

    Keywords

    Content Elements; Integrated Reporting Framework; Listed Companies; Pre and Post Issuance Period; Voluntary Disclosure.;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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