Do investors value higher reporting quality, and can expanded audit reports unlock this value? A sustainability reporting reflection

Abstract

This article review provides an overview of the works of Elliott et al. (2020), “Do investors value higher reporting quality, and can expanded audit reports unlock this value?” in the Accounting Review. It then provides a reflection on the sustainability reporting and assurance arena. The study finds that, with the claims made by the international sustainability standards boards, the sustainability reporting and assurance may become more investor-centric than stakeholder-oriented. The need for sustainability reporting comparison and standardization opens avenues for future research as highlighted in the article review.