African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4137

Full Length Research Paper

Early adopters of integrated reporting: The case of the mining industry in South Africa

Federica Doni
  • Federica Doni
  • Department of Business Administration, Finance, Management and Law, University of Milano-Bicocca, Italy.
  • Google Scholar
Andrea Gasperini
  • Andrea Gasperini
  • AIAF, Italian Association of Financial Analysts, Research Group Mission Intangibles®, Italy.
  • Google Scholar
Pasquale Pavone
  • Pasquale Pavone
  • Department of Philosophy, Sociology, Education and Applied Psychology, University of Padua, Italy.
  • Google Scholar


  •  Received: 12 February 2016
  •  Accepted: 06 April 2016
  •  Published: 14 May 2016

References

Abdo A, Fisher G (2007). The impact of reported corporate governance disclosure on the financial performance of companies listed on the JSE. Invest. Anal. J. 66:43-56.

 

Abeysekera I (2008). Intellectual capital disclosure trends: Singapore and Sri Lanka. J. Intellect. Capital 9(4):723-737.
Crossref

 
 

Abeysekera I. (2013). A template for integrated reporting. J. Intellect. Capital 14(2):227-245.
Crossref

 
 

ACCA and Eurosif (2013). What do investors expect from non-financial reporting? Available at www.accaglobal.com Last access 30 August 2015.

 
 

Adams S, Fries J, Simnett R (2011). The journey toward integrated reporting, Accountants Digest (ICAEW), Wolters Kluwer: UK.

 
 

ADVFN (2007). Johannesburg Stock Exchange (JSE), available at 

View. Last access 28 August 2012.

 
 

Aerts W, Cormier D (2009). Media legitimacy and corporate environmental communication. Account Org Soc. 34(1):1-27.
Crossref

 
 

Alrazi B, de Villiers C, van Staden CJ (2015). A comprehensive literature review on and the construction of a framework for, environmental legitimacy, accountability and proactivity. J. Clean Prod. 102:44-57.
Crossref

 
 

Antonites E, de Villiers CJ (2003). Trends in South Africa corporate environmental reporting: A research note. Meditari Account. Res. 11(1):1.10.

 
 

April KA, Bosma P, Deglon DA (2003). IC measurement and reporting establishing a practice in SA mining. J. Intellect. Capital 4(2):165-180.
Crossref

 
 

Atkins J, Maroun W (2015). Integrated reporting in South Africa in 2012: perspectives from South African institutional investors. Meditari Account. Res. 23(2):197-221
Crossref

 
 

Beattie V (2000). The future of corporate reporting: A review article. Irish Account. Rev. 7(1):1-36.

 
 

Beattie V, McInnes B, Fearnley S (2004). Through the eyes of management: narrative reporting through three sectors, Institute of Chartered Accountants in England and Wales: London.

 
 

Beattie V, Pratt K (2003). Issues concerning web-based business reporting: An analysis of the views of interested parties. Brit. Account. Rev. 36(2):155-187.
Crossref

 
 

Beattie V, Thomson SJ (2007). Lifting the lid on the use of content analysis to investigate intellectual capital disclosure. Account. Forum 31:129-163.
Crossref

 
 

Bolasco S (2010a). Taltac2.10 Sviluppi, esperienze ed elementi essenziali di analisi automatica dei testi (Taltac2.10, experiences and essential topics of automatic analysis of texts), LED:Milan.

 
 

Bolasco S (2010b). Analisi Multidimensionale dei dati. Metodi, strategie e criteri di interpretazione (Multidimensional analysis. Methods, strategies and criteria of comprehension), Carrocci:Rome, 4th edition.

 
 

Bolasco S, Canzonetti A, Capo F (2005). Text Mining – Uno strumento strategico per imprese e istituzioni (Text Mining – A strategic tool for companies and institutions). Cisu Editor:Rome.

 
 

Bollen A (2004). The rise and rise of non financial reporting: How to use research to measure your reputation. London MORI, 

 
 

Borkowski SC, Welsh MJ, Wentzel K (2012). Sustainability reporting at Johnson & Johnson: A case study using content analysis. Int. J. Bus. Insight Transform. 4:96-105.

 
 

Boyatzis ME (1998). Transforming qualitative information. Thematic Analysis and Code Development, Sage, Case Western Reserve University: Cleveland USA.

 
 

Burritt RL (1997). Corporate environmental performance indicators: Cost allocation-boon or bane? Greener Manage. Int. 17:89-100.

 
 

Busco C, Frigo ML, Quattrone P, Riccaboni A (2013). Redefining Corporate Accountability through Integrated Reporting. What happens when values and value creation meet? Strat. Finan. August. pp. 33-41.

 
 

Carels C, Maroun W, Padia N (2013). Integrated reporting in the South African mining sector. Corporate Ownersh. Control 11:991-1005.

 
 

Chauvey JN, Giordano-Spring S, Cho C, Patten DM (2013). The normativity and legitimacy of the CSR disclosure. Evidence from France. Working paper 36th European Accounting Association Congress, Tallinn, April.

 
 

Cho CH (2009). Legitimation strategies used in response to environmental disaster. A French case study of Total SA's Erika and AZF incidents. Eur. Account Rev. 18(1):33-62.
Crossref

 
 

Churet C, Eccles RG (2014). Integrated Reporting, Quality of Management and Financial Performance. J. Appl. Corporate Finan. 26(1):56-64.

 
 

Coetzee CM, van Staden CJ (2011). Disclosures responses to mining accidents: South African evidence. Account. Forum 35:232-246.
Crossref

 
 

Coram P, Monroe GS, Woodliff D (2009). The value assurance on voluntary nonfinancial disclosure. An experimental analysis. Audit. J Pract. Theory 28(1):137-152. 
Crossref

 
 

CorporateRegister.com., (2013). CR Perspectives 2013. Global CR Reporting Trends and Stakeholders.

 
 

Davies JR, de Bruin DG, Deysel M, Strydom M (2002). The SA mining industry enters the HIV/AIDS war zone. Meditari Accountancy Res. 10:25-51.
Crossref

 
 

De Klerk M, De Villiers C (2012). The value relevance of corporate responsibility reporting: South African evidence. Meditari Accountancy Res. 20(1):21-38.
Crossref

 
 

De Villiers CJ (1999). Corporate social reporting in South Africa: signs of a pygmy awakening? Soc. Environ. Account. 19(2):5-7.
Crossref

 
 

De Villiers CJ, Alexander D (2014). The institutionalization of corporate social responsibility reporting. Brit. Account. Rev. 46:198-212.
Crossref

 
 

De Villiers CJ, Barnard P (2000). Environmental reporting in South Africa from 1994 to 1999: A research note. Meditari Accountancy Res. 8:15-23.
Crossref

 
 

De Villiers CJ, Low M, Samkin G (2014). The institutionalization of mining company sustainability disclosures. J. Clean Prod. 84:51-58.
Crossref

 
 

De Villiers CJ, Lubbe JC (2001). Industry differences in respect of corporate environmental reporting in South Africa: A research note. Meditari Accountancy Res. 9(1):81-91.
Crossref

 
 

De Villiers CJ, Van Staden (2006). Can less environmental information be legitimising? Evidence from Africa. Account Org. Soc. 31(8):763-781.
Crossref

 
 

Deegan C, Rankin N, Voght P (2000). Firm's disclosure reactions to major social incidents: Australian evidence. Account. Forum 24(1):101-130.
Crossref

 
 

Deegan C, Rankin R (1996). Do Australian companies report environmental news objectively? An analysis of environmental disclosures by firms prosecuted successfully by the environmental authority. Account. Audit. Accountabil. J. 9(2):50-67.
Crossref

 
 

Deloitte (2011). Integrated Reporting – A better view?, 2011, Deloitte Global Service Limited. Available at 

View, Last access 30 August 2015.

 
 

Deloitte (2012). Integrated Reporting Navigating your way to a truly Integrated Report, Issue 3, The future for corporate reports, February, available at 

View, Last access 30 August 2015.

 
 

Dumay J, Cai L (2015). Using content analysis as a research methodology for investigating intellectual capital disclosure: A critique, J. Intellect. Capital 16(1):121-155.
Crossref

 
 

Eccles RG, Armbrester K (2011). Integrated Reporting in the Cloud, First Quarter 2011, 8:13-20.

 
 

Eccles RG, Krzus MP (2010). One Report: Integrated Reporting for a Sustainable Strategy, John Wiley & Sons:New York.

 
 

Eccles RG, Krzus MP (2014). The Integrated Reporting Movement: Meaning, Momentum, Motives, and Materiality. John Wiley & Sons:New York.

 
 

FEE (Fédération des Experts comptables Européens) (2008). Discussion Paper, Sustainability Information in Annual Reports. Building on Implementation of the Modernisation Directive, available at 

View

 
 

Firer SS, Williams SM (2003). Intellectual capital and traditional measures of corporate performance. J. Intellect. Capital 4(3):348-360.
Crossref

 
 

Fonseca A, McAllister ML, Fitzpatrick P (2014). Sustainability reporting among mining corporations: A Constructive Critique of the GRI Approach J. Clean Prod. 84:70-83.
Crossref

 
 

Frik C (2002). Direct foreign investment and the environment: African mining sector, OECD Global Forum on International Investment and the Environment, Lessons to be learned from the Mining Sector, 7-8 February.

 
 

Gazdar K (2007). Reporting non-financials. John Wiley & Sons:England.

 
 

Global Reporting Initiative (GRI) G3 (2010), Sustainability Reporting Guidelines, Amsterdam, Available at www.globalreporting.org Last access 30 August 2015.

 
 

Goh PC, Lim KP (2004). Disclosing intellectual capital in company annual reports: Evidence from Malaysia. J. Intellect. Capital 5(3):500-510.
Crossref

 
 

Gray R, Adams CA, Owen D (2014). Accountability, Corporate Responsibility and Sustainability: Accounting for Society and the Environment, Pearson: UK.

 
 

Gray R, Kouhy R, Lavers S (1995). Constructing a research database of social and environmental reporting by UK companies. Account. Audit. Accountabil. J. 8(2):78-101.
Crossref

 
 

GRI (2001) Sustainability Reporting Guidelines & Mining and Metals Sector Supplement version 3.0, available at www.globalreporting.org Last access 30 August 2015.

 
 

Guenther E, Hoppe H, Poser C (2007). Environmental Corporate Social Responsibility of Firms in the Mining and Oil and Gas Industries: Current Status Quo of Reporting Following GRI Guidelines, Greener Manage. Int. 53:7-25.

 
 

Gumb B, Noël C (2009). CEO's Reports about Internal Control: A Content Analysis. Account. Eur. 6(1):81-106.
Crossref

 
 

Guthrie J, Abeysekera I (2006). Content analysis of social and environmental: What's new." J. Hum. Resour. Costing Account. 10(2):114-126.
Crossref

 
 

Hayes AF, Krippendorff K (2007). Answering the call for a standard reliability measure for coding data. Commun. Meth. Meas. 1:77-89.
Crossref

 
 

Hindley T, Buys TW (2012). Integrated Reporting Compliance With The Global Reporting Initiative Framework: An Analysis of The South African Mining Industry. Int. Bus. Econ. Res. J. 11(11):1249-1260.
Crossref

 

 

Hopwood A, Unerman J, Fries J (2010). Accounting for sustainability. Practical Insights, Earthscan: London.

 

Iannou I, Serafeim G (2014). The Consequences of Mandatory Corporate Sustainability Reporting: Evidence from four countries, Work. Pap. 11-100:1-35.

 
 

ICMM International Council of Mining & Metals (2006). International Council on Mining & Metals, available at http://www.icmm.com/ Last access 28 August 2012

 
 

ICMM - International Council of Mining and Metals (2012). Trends in the mining and metals industry, available at 

View Last Access 30 August 2015.

 
 

IIRC - International Integrated Reporting Council (2011). Towards Integrated Reporting - Communicating Value in the 21st Century, Discussion Paper September 2011.

 
 

IIRC (2013a). International Integrated Reporting Council (December 2013), The International <IR> Framework available at 

View Last access 30 August 2015.

 
 

IIRC (2013b). International Integrated Reporting Council (December 2013). Basis for conclusions - The International <IR> Framework available at 

View Last access 30 August 2015.

 
 

IRC (Integrated Reporting Committee) (2012). South Africa, Discussion Paper 25 January 2010, available at 

View. Last access 30 October 2012.

 
 

Islam MA, Deegan C (2008). Motivations for an organization within a developing country to report social responsibility information: Evidence from Bangladesh. Accounting Audit. Accountabil. J. 21:850-874.
Crossref

 
 

Jenkins H, Yakovleva N (2006). Corporate social responsibility in the mining industry: Exploring trends in social and environmental disclosure. J. Clean Prod. 14:271-284.
Crossref

 
 

JSE and EIRIS, (2010). JSE SRI Index background and selection criteria 2010, South Africa, JSE and EIRIS.

 
 

Kang H, Gray S (2011). The content of voluntary intangible assets disclosures. Evidence from emerging market companies. Int. J. Account. 46(4):402-423.
Crossref

 
 

Kemp D, Bond CJ, Franks DM, Cote C (2010). Mining water and human rights: Making the connection. J. Clean Prod. 18(15):1553-1562.
Crossref

 
 

King III (2009). Integrated Reporting – Sustainability Reporting No Longer a Poor Cousin to the Financial Numbers.

 
 

King M, Roberts L (2013). Integrate: Doing business in the 21st Century, September, Juta & Company Ltd: Cape Town.

 
 

KPMG (2006). Global mining reporting survey. Energy and natural resources, available at. View Last access 30 August 2015.

 
 

KPMG (2011a). Integrated Reporting Performance insight through Better Business Reporting, Issue 1, available at 

View, Last Access 30 August 2015.

 
 

KPMG (2011b). International Survey of Corporate Responsibility Reporting 2011.

 
 

Krippendorff K (1980). Content Analysis; An Introduction to its Methodology, CA: Sage Beverly Hills.

 
 

Krippendorff KH, Bock MA (eds.) (2009). The Content Analysis Reader, CA: Sage: Thousand Oaks.

 
 

Kumah A (2006). Sustainability and gold mining in the developing world. J. Clean Prod. 14(3-4):315-323.
Crossref

 
 

Lebart L, Salem A (1994). Statistique Textuelle (Textual Statistics) Dunod:Paris.

 
 

Leuner JB (2012). Integrated reporting takes hold. Communication World 3-4:33-35.

 
 

Lodhia S, Hess N (2014). Sustainability accounting and reporting in the mining industry: Current literature and directions for future research. J. Clean Prod. 84:43-50.
Crossref

 
 

Lodhia S, Martin N (2014). Corporate Sustainability Indicators: An Australian Mining Perspective. J. Clean Prod. 84:107-115.
Crossref

 
 

Maffini GC., Kneipp JM, Kruglianskas I, Barbieri da Rosa LA, Schoproni BR (2015). Management for sustainability: An analysis of the key practices according to the business size. Ecol. Indic. 52:116-127.
Crossref

 
 

Mangena M, Tauringana V (2007). Disclosure, Corporate Governance and Foreign Share Ownership on the Zimbabwe Stock Exchange. J. Int. Financ. Manage. Account. 18(2):53-85.
Crossref

 
 

Maubane P, Prinsloo A, Rooyen NV (2014). Sustainability reporting patterns of companies listed on the Johannesburg securities exchange. Public Relat. Rev. 40(2):153-160.
Crossref

 
 

Milne MJ, Adler RW (1999). Exploring the reliability of social and environmental disclosures content analysis. Account. Audit. Accountabil. J. 12(2):237-256.
Crossref

 
 

National Treasury (2010). Available at 

View, Last access 30 August 2015.

 
 

Newson M, Deegan C (2002). Global Expectations and their Association with Corporate Social Disclosure Practices in Australia, Singapore and South Korea. Int. J. Account. 37(2):183-213.
Crossref

 
 

Palenberg M, Reinicke W, Witte JM (2006). Trends in non-financial reporting, November 2006. Paper prepared for the United Nations Environment Programme, Division of Technology, Industry and Economics, Global Public Policy Institute available at www.gppi.net Last access 30 August 2015.

 
 

Pellegrino C, Lodhia S (2012). Climate change accounting and the Australian mining industry: Exploring the links between corporate disclosure and the generation of legitimacy. J. Clean Prod. 26:68-82.
Crossref

 
 

Porter ME, Kramer MR (2011). Creating Shared Value. Harvard Bus. Rev. 89(1-2):62-77.

 
 

Price Waterhouse Coopers (2010). Steering Point Integrated Reporting; Integrated Reporting – What does your reporting say about you? Harvard Business School Faculty Research Symposium May 20.

 
 

Price waterhousecoopers (2013). Extractive value. What do investment professionals need from mining company reporting? September 2013, available at www.pwc.co.uk/mining Last access 30 August 2015.

 
 

Raemaekers K, Maroun W, Padia N (2016). Risk disclosures by South African listed companies post-King III. S. Afr. J. Account. Res. 30(1):41-60.
Crossref

 
 

Rensburg R, Botha E (2014). Is Integrated Reporting the silver bullet of financial communications? A stakeholders perspective from South Africa. Public Relat. Rev. 40:144-152.
Crossref

 
 

Robb SWG, Single LE, Zarzeski MT (2001). Non financial disclosures across Anglo American countries. J. Account. Audit. Taxation 10:71-83.
Crossref

 
 

Rossouw R (2010). King III Integrated Report – Why it's crucial to plan ahead. Board Room 3:537-538.

 
 

Setia N, Abhayawansa S, Joshi M, Huynh AV (2015). Integrated reporting in South Africa: Some initial evidence. Sustain. Account. Manage. Policy J. 6(3):397-424.
Crossref

 
 

Singleton-Green B (2010). Commentary: Is the Reporting Model Broken? Austral. Account. Rev. 20(4):409-410.
Crossref

 
 

Stainbank LJ (2012). The nature and extent of non-financial disclosures in the South African mining industry. Conference Proceedings Faculty of Ljubljana 35th Annual Congress European Accounting Association EAA, Ljubljana, May 9-11.

 
 

Striukova L, Unerman J, Guthrie J (2008). Corporate reporting of intellectual capital: Evidence from UK companies. Br. Account. Rev. 40:297-313.
Crossref

 
 

Sullivan D (2001). Document Warehousing and Text Mining: Techniques for Improving Business Operations, Marketing, and Sales John Wiley & Sons, Inc.: New York.

 
 

Tawiah KA, Dartey-Baah KD (2005). Corporate Social Responsibility in Ghana International Journal of Business and Social Sciences, Special Issue on Contemporary Issues in Business Studies, 2(17):107-122.

 
 

The Institute of Directors in Southern Africa (IoDSA) (2009). King Report on Governance for South Africa and King Code of Governance Principles (King III) available at 

View. Last access 28 August 2015.

 
 

Unerman J (2000). Methodological issues: reflections on quantification in corporate social reporting content analysis. Account. Audit. Accountabil. J. 13(5):667-680.
Crossref

 
 

Van Staden CJ (2003). The relevance of theories of political economy to the understanding of financial reporting in South Africa: The case of value added statements. Account. Forum 27(2):224-246.
Crossref

 
 

Vanstraelen A, Zarzeski MT, Robb SWG (2003). Corporate nonfinancial disclosure practices and financial analyst forecast ability across three European countries. J. Intl. Financ. Manage. Account. 14(3):249-278.
Crossref

 
 

Warhurst A (1998). Corporate social responsibility and the mining industry, Presentation at Euromines, Mining and Environmental Research Network (MERN), June 4th, Brussels.

 
 

Weber RP (1990). Basic Content Analysis, Sage Publications: Newburry Park, CA.

 
 

White AL (2005). New wine, new bottles: The rise of Non-Financial reporting, A Business Brief by Business for Social Responsibility. June, available from 

View. Last access 28 August 2015.

 
 

Wild S, van Staden C (2015). The Development of Integrated Reporting: A Paradigm of Regulatory Capture? Paper presented at the ATINER 13th Annual International Conference on Accounting, 23-25 May 2015, Athens, Greece.

 
 

Yakovleva N, Vazquez-Brust D (2012). Stakeholders perspectives on CSR of Mining MNCs in Argentina. J. Bus. Ethics 106(2):191-211.
Crossref

 
 

Yongvanich K, Guthrie J (2005). Extended performance reporting: an examination of the Australian mining industry. Account. Forum 29:103-119.
Crossref

 
 

Zambon S (2011). The managerialisation of Financial Reporting: An introduction to a destabilizing accounting change. Financ. Rep. Spec. Iss.: pp. 5-16.

 
 

Zanasi A (2005). Text Mining and its applications to intelligence, CRM and knowledge management Southampton: WIT Press.
Crossref