Differences in Disclosure of Integrated Reports at Energy and Non-Energy Companies
| Autor: | Paweł Kufel, Marlena Ciechan-Kujawa, Maja Piesiewicz |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Control and Optimization
Renewable Energy Sustainability and the Environment business.industry Process (engineering) Energy (esotericism) media_common.quotation_subject 05 social sciences Energy Engineering and Power Technology Accounting 050201 accounting Business model Integrated reporting integrated report disclosure differences quality of disclosure energy sector International Energy sector 0502 economics and business Quality (business) Electrical and Electronic Engineering business Engineering (miscellaneous) Publication 050203 business & management Strengths and weaknesses Energy (miscellaneous) media_common |
| Zdroj: | Energies; Volume 14; Issue 5; Pages: 1253 |
| ISSN: | 1996-1073 |
| DOI: | 10.3390/en14051253 |
| Popis: | Integrated reports combine financial and non-financial data into a comprehensive report outlining the company’s value creation process. Our objective is to find the completeness of disclosures, which is a crucial aspect of an integrated report’s quality. This study contributes to the integrated reporting examination by identifying quantitative and qualitative gaps when applying Integrated Reporting standards, focusing on the energy sector. We conducted the study on 57 published integrated reports of listed companies in Poland. The content of each report was examined for 49 features divided into eight areas. We identify the strengths and weaknesses of current reporting performance and the impact of the company’s sector on reports’ quality. We noted that there are significant differences among the areas. The major problems concern implementing IIRC’s framework on the connections between the business model and the organization’s strategy, risks, opportunities, and performance. Our research also noted that the level of specific disclosures might be related to a company’s ownership structure. We investigated the significance of differences among companies from the energy and non-energy sectors using statistical methods. As a result of the study, we obtained that disclosures’ completeness depends on the operation sector. The companies in the energy sector publish higher-quality integrated reports than companies in the other sectors. |
| Databáze: | OpenAIRE |
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