Integrated reporting & εταιρική διακυβέρνηση
KeywordsΕταιρική διακυβέρνηση ; Ποιότητα ; Παράγοντες ; Integrated reporting ; Υιοθέτηση ; Σχέση ; Μεταβλητές
Integrated Reporting was conceived as an idea after a series of Reports, the King Reports, which were conceived on the occasion of the political situation in South Africa. The political situation of apartheid led the Corporate Governance on a very low degree of quality and, essentially, the investors’ trust worldwide to be held absent and the economic consequences to be detrimental. In order to fight this situation and improve the level of quality of Corporate Governance, it was defined on the aforementioned Reports, a specific framework of rules that mandated the companies to apply. In the third of these Reports, the King III, was conceived the idea of a fully and unified disclosure, which led to what we call Integrated Reporting, in 2010. Thus, the purpose of this dissertation is to examine through a sample of 448 companies, whom stocks are traded on any European stock market within the period 2006-2020, whether the quality of Corporate Governance has a positive effect on the decision of companies to adopt Integrated Reporting. The results indicate that the higher the quality of Corporate Governance, examining various variables that relate with the level of its quality, the higher the probability of adoption of IR by the companies. Also, we will notice the ongoing rising trend of acknowledgment of the value of IR the last years, as the proportion of companies that have adopted IR is rising rapidly worldwide. Lastly, they are mentioned the challenges of the transition from the traditional annual reports towards IR.