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Drivers of integrated reporting by state-owned enterprises in Europe: a longitudinal analysis

Francesca Manes-Rossi (Department of Economic, Management and Institutions, University of Naples Federico II, Naples, Italy)
Giuseppe Nicolò (Department of Management and Innovation Systems, University of Salerno, Fisciano, Italy)
Adriana Tiron Tudor (Faculty of Economics and Business Administration, Babes-Bolyai University, Cluj-Napoca, Romania)
Gianluca Zanellato (Faculty of Economics and Business Administration, Babes-Bolyai University, Cluj-Napoca, Romania)

Meditari Accountancy Research

ISSN: 2049-372X

Article publication date: 24 August 2020

Issue publication date: 23 June 2021

505

Abstract

Purpose

This paper aims to explore the emerging phenomenon of integrated reporting (IR) in the context of state-owned enterprises (SOEs) and proposes a longitudinal analysis of the level of IR disclosure (IRD) provided by a sample of European SOEs for the period 2013–2017, in accordance with IR framework requirements. The study also proposes an analysis of the possible explanatory factors driving the level of IRD. Specific attention is devoted to examine the influence exerted by the public ownership on the level of IRD provided by SOEs.

Design/methodology/approach

The IRs published by a balanced sample of 18 European SOEs between 2013 and 2017 were examined through a manual content analysis. Several analyzes were performed to assess the relationship between the level of IRD provided by SOEs and some possible determinants.

Findings

Results show an increasing level of disclosure during the observed period, confirming the relevance of IR as a tool for transparency and accountability within the context of SOEs. Statistical analyzes show that government ownership, external assurance, investor protection and global reporting initiative guidelines adoption positively affect the level of IRD, while SOE size exerts a negative influence.

Originality/value

As this paper examines a context which has been under-investigated, it presents fresh knowledge about the evolution of IR adoption by European SOEs. Furthermore, this paper identifies some of the explanatory factors that drive the preparation of IR, thus providing international integrated reporting council, policymakers and standard-setters with the relevant information for inclusion in specific guidelines for IR by SOEs.

Keywords

Citation

Manes-Rossi, F., Nicolò, G., Tiron Tudor, A. and Zanellato, G. (2021), "Drivers of integrated reporting by state-owned enterprises in Europe: a longitudinal analysis", Meditari Accountancy Research, Vol. 29 No. 3, pp. 586-616. https://doi.org/10.1108/MEDAR-07-2019-0532

Publisher

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Emerald Publishing Limited

Copyright © 2020, Emerald Publishing Limited

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