Beyond Financial Reporting. Integrated Reporting and its determinants: Evidence from the context of European state-owned enterprises

Integrated reporting (IR), which aims to overcome the limitations of both tradi-tional financial and stand-alone non-financial reports, has gained momentum as a single comprehensive tool merging financial and non-financial information. Initially conceived for private sector entities, IR is also establishing itself in the public sector context as a vehicle for transparency and accountability. This research offers an empirical investigation of IR practices in the State-Owned Enterprises (SOEs) context. More specifically, the paper investigates the levels of disclosure provided through IR by a sample of 34 European SOEs and explores the effects of potential explanatory factors. The results indicate a fair level of IR disclosure and a trend of reporting information already requested under international accounting standards. The findings also highlight that industry (basic materials and financials) and size positively influence the level of IR disclosure in a particularly strong way, while governance features (board size and board gender diversity) and the provision of external assurance do not exert any impact.

Parole chiave:Integrated reporting, state-owned enterprises, non-financial disclosure, accountability

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Giuseppe Nicolò, Gianluca Zanellato, Francesca Manes-Rossi, Adriana Tiron-Tudor, Beyond Financial Reporting. Integrated Reporting and its determinants: Evidence from the context of European state-owned enterprises in "FINANCIAL REPORTING" 2/2019, pp 43-72, DOI: 10.3280/FR2019-002003