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CEO power and integrated reporting

Author

Listed:
  • Isabel-Maria Garcia-Sanchez
  • Nicola Raimo
  • Filippo Vitolla

Abstract

Purpose - This study aims to analyse the role that the chief executive officer (CEO) has on integrated reporting (IR) adoption and whether this role is moderated by incentives to promote corporate transparency, including information asymmetry problems and financial constraints. IR represents the last frontier of corporate disclosure and aims to represent, through the annual integrated report, the ability of an organization to create value over time. Design/methodology/approach - This study is based on 10,819 observations (an unbalanced data panel of 1,588 firms for the period 2009–2017). A logistic regression model is used to examine the association between CEO power and disclosure of an integrated report. Findings - The results show that CEOs with greater power oppose the disclosure of integrated information, and this behaviour is not modified by firms’ incentives. Furthermore, greater growth opportunities increase CEO opposition to disclosing integrated information on the creation of value, perhaps as a consequence of the possible use of it by competitors. Originality/value - This study contributes to the existing literature. First, it expands the scientific debate on the topic of IR. Second, it extends the application field of agency theory, which is seldom used to explain the phenomena related to IR.

Suggested Citation

  • Isabel-Maria Garcia-Sanchez & Nicola Raimo & Filippo Vitolla, 2020. "CEO power and integrated reporting," Meditari Accountancy Research, Emerald Group Publishing Limited, vol. 29(4), pages 908-942, October.
    • Handle: RePEc:eme:medarp:medar-11-2019-0604
    DOI: 10.1108/MEDAR-11-2019-0604
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    Citations

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    Cited by:

    1. Yanqi Sun, 2023. "Can the innovation in sustainability disclosures reflect organisational sustainable development? An integrated reporting perspective from China," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(3), pages 1668-1680, June.
    2. Habiba Al-Shaer & Khaldoon Albitar & Jia Liu, 2023. "CEO power and CSR-linked compensation for corporate environmental responsibility: UK evidence," Review of Quantitative Finance and Accounting, Springer, vol. 60(3), pages 1025-1063, April.

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