Abstract
Integrated reporting (IR) contains a lot of important information for firms, such as income, cash flows, risks, uncertainties, intellectual capital, social capital and environmental capital. Based on the relevant literature it is found that the adoption of integrated reporting affects the firms’ value in the short, medium and long term and, at the same time affects its environmental, social and governance performances. The aim of this paper is to analyze the impact of integrated reporting in European energy firms’ value relevance. To do so, the panel data concerning 38 European energy distribution listed firms are analyzed, using statistical and econometrical methods including OLS, WLS, fixed effects and random effects models. The paper’s main novelty is that it concerns a sector that plays a key role in the economic development of countries and, at the same time only a few studies are carried out concerning the examined subject in this sector. The research results have revealed that integrated reporting, book value and earnings per share have a statistically significantly effect on energy firms’ market value. Thus, it is proposed that energy firms adopt IR.
Subject
Energy (miscellaneous),Energy Engineering and Power Technology,Renewable Energy, Sustainability and the Environment,Electrical and Electronic Engineering,Control and Optimization,Engineering (miscellaneous),Building and Construction
Reference73 articles.
1. International Business, Corporate Social Responsibility and Sustainable Development;Kolk;Int. Bus. Rev.,2010
2. Skordoulis, M., Ntanos, S., Kyriakopoulos, G., Arabatzis, G., Galatsidas, S., and Chalikias, M. Environmental Innovation, Open Innovation Dynamics and Competitive Advantage of Medium and Large-Sized Firms. J. Open Innov. Technol. Mark. Complex., 2020. 6.
3. Skordoulis, M., Kyriakopoulos, G., Ntanos, S., Galatsidas, S., Arabatzis, G., Chalikias, M., and Kalantonis, P. The Mediating Role of Firm Strategy in the Relationship between Green Entrepreneurship, Green Innovation, and Competitive Advantage: The Case of Medium and Large-Sized Firms in Greece. Sustainability, 2022. 14.
4. Modern Business Development and Financial Reporting: Exploring the Effect of Corporate Governance on the Value Relevance of Accounting Information—Evidence from the Greek Listed Firms;Kalantonis;Oper. Res.,2022
5. Kalantonis, P., Schoina, S., Missiakoulis, S., and Zopounidis, C. The Impact of the Disclosed R & D Expenditure on the Value Relevance of the Accounting Information: Evidence from Greek Listed Firms. Mathematics, 2020. 8.
Cited by
12 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献