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Ownership structure and performance of European companies: mediator role of integrated reporting

Kawther Dhifi (Faculty of Economic Sciences and Management, University of Sfax, Sfax, Tunisia)
Ghazi Zouari (Faculty of Economic Sciences and Management, University of Sfax, Sfax, Tunisia)

Journal of Global Responsibility

ISSN: 2041-2568

Article publication date: 24 June 2024

37

Abstract

Purpose

Integrated reporting (IR) has been proposed to “reform” corporate financial statements, fill gaps in existing reporting practices and provide a better understanding of financial and nonfinancial information in an integrated manner. The purpose of this study aims to provide empirical evidence of the role of IR in mediating the effect of ownership structure on firm performance.

Design/methodology/approach

Structural equation modeling on panel data are used to study the impact of the role of IR in mediating the effect of ownership structure on firm performance. The present empirical study was based on a sample of 431 European firms belonging to common or civil law between 2012 and 2020.

Findings

Based on empirical results, this study shows that IR plays a mediating role in the relationship between ownership structure attributes (ownership concentration, institutional ownership and managerial ownership) and the performance of European common law firms. In civil law countries, it only has a mediating effect on the relationship between institutional ownership and performance.

Originality/value

This study provides evidence for IR, ownership structure and firm performance. This chapter highlights the global need for a generally accepted set of standards for sustainability and IR practices.

Keywords

Acknowledgements

Declarations:

Funding: None declared under financial, general, and institutional competing interests.

Availability of data and materials All data generated or analysed during this study are included in this published article (and its supplementary information files).

Competing interests: On behalf of all authors, the corresponding author states that there is no conflict of interest.

Citation

Dhifi, K. and Zouari, G. (2024), "Ownership structure and performance of European companies: mediator role of integrated reporting", Journal of Global Responsibility, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JGR-02-2023-0028

Publisher

:

Emerald Publishing Limited

Copyright © 2024, Emerald Publishing Limited

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