The relationship between corporate governance mechanisms and integrated reporting practices and their impact on sustainable development goals: evidence from South Africa

IF 3.5 Q1 BUSINESS, FINANCE
Mohamed Moshreh Ali Ahmed
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引用次数: 4

Abstract

Purpose The first purpose of this paper is to investigate whether corporate governance mechanisms, in particular the characteristics of the board, audit committee and risk management committee, are associated with the level of disclosure in integrated reports of South African listed firms. The second purpose of this paper is to analyze how integrated reporting (IR) affects the sustainable development goals (SDGs). Design/methodology/approach This paper uses a mixed methods approach. First, a multiple regression analysis is used to estimate the impact of corporate governance mechanisms on IR practices of a sample of South African listed firms during the period between 2019 and 2021. Using the content analysis method to measure the level of IR, disclosures were measured using a disclosure index consisting of 60 information items developed from the IIRC framework and previous studies. Second, based on a database containing 33 articles in the Meditari Accountancy Research journal with a publication date from 2013 to 2021, a systematic review of the academic literature focusing on IR is conducted to analyze how IR influences SDGs. Findings The results indicate that board size, board independence and risk management committee independence have a positive effect on IR practices. However, board expertise, board activity, audit committee independence, audit committee size, audit committee expertise, audit committee meetings, risk management committee expertise, risk management committee meetings, risk management committee size and the auditor type are negatively related to IR practices. The results also indicate that IR has an important role in achieving SDGs by relying on integrated thinking that integrates sustainability into the enterprise’s strategy and helps the integration of capitals. In addition, sustainable business models create long-term values. Research limitations/implications This study was limited to a sample size of 75 firms, which is country-specific; however, it sets the tone for future empirical research on the subject matter. This study provides an avenue for future research in the area of corporate governance and IR practices in other emerging countries, especially other African countries. Practical implications This study provides useful insights for managers and policymakers to better understand which corporate governance mechanisms can best encourage a company to improve IR practices. Originality/value To the best of the author’s knowledge, this study is, perhaps, the first to examine the effect of risk management committee characteristics on IR practices. This study provides new insight into the contribution of accounting research toward the achievement of SDGs.
公司治理机制与综合报告实践之间的关系及其对可持续发展目标的影响:来自南非的证据
本文的第一个目的是调查公司治理机制,特别是董事会、审计委员会和风险管理委员会的特征是否与南非上市公司综合报告的披露水平有关。本文的第二个目的是分析综合报告(IR)如何影响可持续发展目标(sdg)。设计/方法/方法本文采用混合方法。首先,采用多元回归分析估计了公司治理机制对2019 - 2021年南非上市公司IR实践的影响。采用内容分析方法来衡量IR水平,使用由IIRC框架和先前研究开发的60个信息项目组成的披露指数来衡量披露。其次,基于Meditari Accountancy Research期刊2013年至2021年出版的33篇文章数据库,对IR相关学术文献进行系统综述,分析IR对可持续发展目标的影响。结果表明,董事会规模、董事会独立性和风险管理委员会独立性对企业内部责任实践具有正向影响。然而,董事会专业知识、董事会活动、审计委员会独立性、审计委员会规模、审计委员会专业知识、审计委员会会议、风险管理委员会专业知识、风险管理委员会会议、风险管理委员会规模和审计师类型与审计审计实践呈负相关。研究结果还表明,IR依靠整合思维,将可持续性纳入企业战略,并有助于资本整合,对实现可持续发展目标具有重要作用。此外,可持续的商业模式可以创造长期价值。研究局限性/意义本研究限于75家公司的样本量,这是具体的国家;然而,它为未来对该主题的实证研究奠定了基调。本研究为未来在其他新兴国家,特别是其他非洲国家的公司治理和企业关系实践领域的研究提供了一条途径。实践意义本研究为管理者和政策制定者更好地理解哪种公司治理机制能最好地鼓励公司改进IR实践提供了有用的见解。原创性/价值据作者所知,本研究可能是第一个检验风险管理委员会特征对IR实践影响的研究。本研究为会计研究对实现可持续发展目标的贡献提供了新的见解。
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来源期刊
Meditari Accountancy Research
Meditari Accountancy Research BUSINESS, FINANCE-
CiteScore
7.80
自引率
14.30%
发文量
66
期刊介绍: Meditari Accountancy Research (MEDAR). MEDAR takes its name from the Latin for constantly pondering, suggesting a journey towards a better understanding of accountancy related matters through research. Innovative and interdisciplinary approaches are encouraged. The journal is a double blind refereed publication that welcomes manuscripts using diverse research methods that address a wide range of accountancy related topics, where the terms accountancy and accounting are interpreted broadly. Manuscripts should be theoretically underpinned. Topics may include, but are not limited to: Auditing, Financial reporting, Impact of accounting on organizations, Impact of accounting on capital markets, Impact of accounting on individuals, Management accounting, Public sector accounting, Regulation of the profession, Risk management, Social and environmental disclosure, Impact of taxation on society, Accounting education, Accounting ethics.
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