Artikel
Voluntary Adopters of Integrated Reporting – Evidence on Forecast Accuracy and Firm Value
This study investigates how integrated reporting (IR) creates value for investors. It examines how providers of financial capital benefit from an improved firm information environment provided by IR. Specifically, this study investigates the effect of voluntary IR disclosure on analyst earnings forecast accuracy as well as on firm value. To do so, we use an international sample of 167 listed companies that voluntarily publish an integrated report. Our analysis shows no significant effect of a voluntary IR publication on analyst earnings forecast accuracy and no significant effect on firm value. We thus do not find evidence for the fulfillment of IR's promises regarding improved information environment and value creation of voluntary adopters. We conclude that such companies might already have a relatively high level of transparency leading to an absent additional effect of IR disclosure. Positive effects of IR appear to be more relevant in environments where IR is mandatory.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Business Strategy and the Environment ; ISSN: 1099-0836 ; Volume: 29 ; Year: 2020 ; Issue: 6 ; Pages: 2542-2556 ; Hoboken, NJ: Wiley
- Klassifikation
-
Wirtschaft
- Thema
-
ESG
firm value
forecast error
information asymmetry
integrated reporting
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Wahl, Annika
Charifzadeh, Michel
Diefenbach, Fabian
- Ereignis
-
Veröffentlichung
- (wer)
-
Wiley
- (wo)
-
Hoboken, NJ
- (wann)
-
2020
- DOI
-
doi:10.1002/bse.2519
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Wahl, Annika
- Charifzadeh, Michel
- Diefenbach, Fabian
- Wiley
Entstanden
- 2020
Ähnliche Objekte (12)
Voluntary adopters of integrated reporting – evidence on forecast accuracy and firm value
Determinants of earnings forecast error, earnings forecast revision and earnings forecast accuracy
Comparing forecast accuracy in small samples
Forecast accuracy matters for hurricane damage
Comparing Forecast Accuracy in Small Samples
Essays on the quality and frequency of international financial reporting, and financial analysts' forecast accuracy
How Forecast Accuracy Depends on Conditioning Assumptions
New determinants of analysts’ earnings forecast accuracy
How forecast accuracy depends on conditioning assumptions
Asian development outlook forecast accuracy 2007-2016
The accuracy of a forecast targeting central bank
The accuracy of a forecast targeting central bank
Voluntary adopters of integrated reporting – evidence on forecast accuracy and firm value
Determinants of earnings forecast error, earnings forecast revision and earnings forecast accuracy
Comparing forecast accuracy in small samples
Forecast accuracy matters for hurricane damage
Comparing Forecast Accuracy in Small Samples
Essays on the quality and frequency of international financial reporting, and financial analysts' forecast accuracy
How Forecast Accuracy Depends on Conditioning Assumptions
New determinants of analysts’ earnings forecast accuracy
How forecast accuracy depends on conditioning assumptions
Asian development outlook forecast accuracy 2007-2016
The accuracy of a forecast targeting central bank
The accuracy of a forecast targeting central bank
Voluntary adopters of integrated reporting – evidence on forecast accuracy and firm value
Determinants of earnings forecast error, earnings forecast revision and earnings forecast accuracy
Comparing forecast accuracy in small samples
Forecast accuracy matters for hurricane damage
Comparing Forecast Accuracy in Small Samples
Essays on the quality and frequency of international financial reporting, and financial analysts' forecast accuracy
How Forecast Accuracy Depends on Conditioning Assumptions
New determinants of analysts’ earnings forecast accuracy
How forecast accuracy depends on conditioning assumptions
Asian development outlook forecast accuracy 2007-2016
The accuracy of a forecast targeting central bank