This study investigates the influence of corporate governance characteristics on the adoption of integrated reporting, recognizing the growing significance of integrated reporting in the contemporary business landscape. Utilizing content analysis and data from listed banks’ annual reports spanning 2016 to 2020, the research reveals that, while listed banks in Sri Lanka have not fully embraced integrated reporting, they have adopted approximately seven out of eight content elements outlined in the framework. Correlation analysis establishes a significant link between gender diversity, the presence of independent directors, the frequency of audit committee meetings, audit committee independence, and the adoption of integrated reporting. Regression analysis quantifies these relationships, collectively accounting for more than thirty-three percent of the impact on the adoption of integrated reporting. Importantly, the study emphasizes the pivotal role of gender diversity, independent directors, and regular audit committee meetings in shaping integrated reporting practices. The conclusion underscores the need for listed banks to prioritize initiatives such as enhancing female representation, fostering board independence, and ensuring consistent audit committee meetings to advance integrated reporting adoption. Furthermore, the study advocates for policymakers and regulatory bodies to disseminate knowledge and raise awareness, creating an environment conducive to the widespread adoption and implementation of integrated reporting by listed firms in Sri Lanka. Overall, the research offers valuable insights into the current state of integrated reporting, identifies influencing factors, and provides actionable recommendations for enhancing its comprehensive adoption in the future.
Author(s) Details:
Vickneswaran Anojan,
Department
of Accounting, Faculty of Management Studies and Commerce, University of
Jaffna, Sri Lanka.
Please see the link here: https://stm.bookpi.org/AOBMER-V7/article/view/13016
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