A tool for measuring integrated reporting quality: The case of listed companies in the emerging market
Download This Article
Chisinga Ngonidzashe Chikutuma 
This work is licensed under a Creative Commons Attribution 4.0 International License.
Abstract
This study aims to develop an innovative weighted alternative polychotomous accountability index (PAI) tailored to assess both the extent and quality of information disclosure within integrated annual reports (IARs) of South African listed companies. The study utilised a qualitative approach based on the Delphi technique. The study culminates in a weighted PAI comprising eight comprehensive categories housing 44 distinct constructs. The resulting PAI achieves a cumulative weight capacity of 100% and a total scoring potential of 152 points. The developed PAI addresses limitations in current measurement tools, providing an advanced means to evaluate IAR disclosure quality and extent. The study contributes to the literature by constructing a valid, contextually relevant PAI that aligns with integrated reporting (IR) requisites and the socio-political context of a specific country. This study’s findings hold the potential to significantly impact integrated reporting practices and enhance corporate transparency within the context of emerging markets and beyond.
Keywords: Dichotomous Accountability Index, Delphi Technique, Integrated Reporting, Integrated Annual Reports, Polychotomous Accountability Index
Authors’ individual contribution: The Author is responsible for all the contributions to the paper according to CRediT (Contributor Roles Taxonomy) standards.
Declaration of conflicting interests: The Author declares that there is no conflict of interest.
JEL Classification: M10, M41, M48, M49, M55, M410
Received: 17.09.2023
Accepted: 29.04.2024
Published online: 01.05.2024
How to cite this paper: Chikutuma, C. N. (2024). A tool for measuring integrated reporting quality: The case of listed companies in the emerging market. Journal of Governance & Regulation, 13(2), 192–201. https://doi.org/10.22495/jgrv13i2art19
