The purpose and value of integrated reporting to key stakeholders: Promulgator and adopter perspectives

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dc.contributor.advisor Hay, DC en
dc.contributor.advisor Harrison, J en
dc.contributor.author Bridges, Caroline en
dc.date.accessioned 2019-02-20T02:25:29Z en
dc.date.issued 2019 en
dc.identifier.uri http://hdl.handle.net/2292/45200 en
dc.description.abstract The International Integrated Reporting Committee (IIRC) promulgated integrated reporting <IR> in 2010 to provide a framework for sustainability and since that time <IR> has gained international interest and support. The research questions in this thesis will, firstly, examine the purpose of <IR> from the perspective of the IIRC as the promulgator of <IR> and from one New Zealand organisation that adopted <IR> and prepared integrated reports from 2013. Secondly, the value of <IR> will be examined from the viewpoint of the promulgator and adopters of <IR>. The research questions were examined using semi-structured interviews and documentary analysis. Using a theoretical framework based on institutional and legitimacy theory this study finds that the initial idealistic purpose of the IIRC to create a framework for sustainability was adapted to consider business sustainability as a pragmatic reality. The value of <IR> was the potential to improve trust in organisations and ultimately, to reduce the cost of capital. For one organisation (IRCO), the purpose of <IR> was to present its unique story using an innovative platform. The purpose was driven by pragmatic legitimacy as it was seen to benefit the organisation by better communicating its change management strategy. Integrated thinking, provided evidence of potential cognitive legitimacy as it made the job easier for internal stakeholders. Users of the integrated reports were sceptical of the value of an integrated report although they perceived that there was potential benefit to the organisation to adopting <IR>, providing further evidence of pragmatic legitimacy for the purpose of <IR>. The motives for the adoption of <IR> by IRCO deviated from those suggested by members of the IIRC. The IIRC saw the purpose of <IR> would be to ultimately lower the cost of capital of an organisation through reduced agency costs as a result of better information. In IRCO, <IR> was adopted as part of a strategy to retain legitimacy and therefore the adoption was pragmatic. Users of integrated reports were slow to see how the information presented in an integrated report could be utilised without comparability. If the momentum of adoption of <IR> continues, developments will be required that enable users to assess businesses using integrated reports on a stand-alone basis thereby potentially bringing significant cost savings and benefits to decision makers. en
dc.publisher ResearchSpace@Auckland en
dc.relation.ispartof PhD Thesis - University of Auckland en
dc.relation.isreferencedby UoA99265134613202091 en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. en
dc.rights.uri https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm en
dc.title The purpose and value of integrated reporting to key stakeholders: Promulgator and adopter perspectives en
dc.type Thesis en
thesis.degree.discipline Accounting en
thesis.degree.grantor The University of Auckland en
thesis.degree.level Doctoral en
thesis.degree.name PhD en
dc.rights.holder Copyright: The author en
dc.rights.accessrights http://purl.org/eprint/accessRights/OpenAccess en
pubs.elements-id 763136 en
pubs.org-id Business and Economics en
pubs.org-id Accounting and Finance en
pubs.record-created-at-source-date 2019-02-20 en


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