Bankers’ perspectives on Integrated Reporting for value creation: evidence from Nigeria
-
DOIhttp://dx.doi.org/10.21511/bbs.12(2).2017.10
-
Article InfoVolume 12 2017, Issue #2, pp. 100-105
- Cited by
- 1293 Views
-
594 Downloads
This work is licensed under a
Creative Commons Attribution-NonCommercial 4.0 International License
This study aims to examine the opinions of Zenith Bank employees on the value, content and processes, as well as the challenges of Integrated Reporting (IR) in Nigeria with the hope of highlighting recommendations to encourage organizations to adopt it. Ninetyeight employees responded to our survey. Generally, the respondents agree that IR has value that could lead to better reporting of corporate activities. They also identified challenges that could mitigate the value of IR. It was, however, noted that some of the challenges could be overcome with time, given that IR framework exists that is being tested by a number of organizations. The study recommends that there should be awareness campaigns to sensitize organizations on the value of IR. This paper contributes to the extant literature by offering insights of Zenith Bank employees on IR.
- Keywords
-
JEL Classification (Paper profile tab)G21, G34
-
References21
-
Tables3
-
Figures0
-
- Table 1. Ratings, endorsements and recognitions
- Table 2. Current reporting Vs Integrated Reporting
- Table 3. Value, content and challenges of integrated reports
-
- Ajibolade, S. O. (2008). A survey of the perception of ethical behaviour of future Nigerian accounting professionals. The Nigerian Accountant, 43(3), 54-59.
- Bakre, O. M. (2007). The unethical practices of accountants and auditors and the compromising stance of professional bodies in the corporate world: Evidence from corporate Nigeria. Accounting Forum, 31(3), 277-303.
- Busco, C., Frigo, M., Quattrone, P., and Riccaboni, A. (2013). Redefining accountability through integrated reporting. Strategic Finance, 33-41.g
- Eccles, R. G., and Saltzman, D. (2011). Achieving sustainability through integrated reporting. Stanford Social Innovation Review Summer, 1-7.
- Eccles, R. G., and Armbrester, K. (2011). Two disruptive ideas combined: integrated reporting in the cloud. IESE Insight, 8, 2011.
- Eccles, R. G., and Krzus, M. P. (2010). One Report: Integrated Reporting for a Sustainable Strategy. Hoboken, N. J.: John Wiley & Sons.
- Ernst and Young. (2011). Don’t follow trend, start trends- Integrated Reporting survey results.
- Druckman, P. (2012). Integrated reporting: Why it is crucial to plan. Integrated Reporting Press Release London July 11th.
- Freeman, R. (1984). Strategic Management: A Stakeholder approach. Marshall, Pitman.
- Gray, R. H., Owen, D., and Maunders, K. (1987): Corporate social reporting: Accounting and accountability. Prentice-Hall International, London.
- International Integrated Reporting Committee. (2011). Towards Integrated Reporting: communicating value in the 21st Century.
- Iyoha, F. O. (2015). Searching for a pathway to priming accountants for ethical compliance with International Financial Reporting Standards: The core value paradigm. Research Journal of Finance and Accounting, 5(18), 92-102.
- Iyoha, F. O. (2014). Integrated reporting- the future of corporate reporting. Paper presented at the Mandatory Continuing Professional Education Program (MCPE) of the Institute of Chartered Accountants of Nigeria, Lagos May- December.
- The International Integrated Reporting Framework. (2013). The International Integrated Reporting Council (IIRC).
- Krzus, M. P. (2011). Integrated reporting: if not now, when (Heft 6 ed., pp. 271-276).
- Sekaran, U. (2003). Research Methods for Business: A Skill Building Approach. New York: John Wiley and Sons Inc.
- Sharifah, B., Bakhtiar, A., Hasimah N. Johari, and Rahman, N. R. (2011). Corporate governance practices and environmental reporting of companies in Malaysia. Journal Pengurusan, 32, 55-71.
- Sihotang, P., and Effendi, S. (2010). Sustainability Reporting for CSR Disclosures: A Case Study in Oil and Gas Industry.
- Simnet, R., Vanstraelen, A., & Chua, W. F. (2009). Assurance on sustainability reports: An international comparison. Accounting Review, 84(3), 937-967.
- Stubbs, W., Higgins, C., Milne, M., and Hems, L. (n.d.). Financial capital providers’ perceptions of Integrated Reporting. Working Paper. Centre for Geography & Environmental Science, School of Social Sciences, Monash University, Wellington Road, Clayton 3800 Australia.
- Zenith Bank. (2015). Corporate profile