Proposing a Forward-Looking Information-Based Integrated Reporting Model Using a Grounded Theory Approach
Keywords:
Integrated reporting, forward-looking information, data-drivenAbstract
In recent decades, the increasing complexity of the business environment, stakeholder pressures, and the demand for transparency in financial markets have directed organizations toward forward-looking, integrated reporting. This type of reporting, by integrating financial and non-financial information and emphasizing long-term forecasts, contributes to improved decision-making and organizational sustainability. In Iran, the development of the capital market and the regulatory requirements of the stock exchange have underscored the necessity of designing reporting models tailored to local conditions. In response to this need, the present study aimed to provide a comprehensive model for integrated reporting in publicly listed companies in Iran. Therefore, the objective of this research is to propose a forward-looking information-based integrated reporting model. This research is applied in nature, and in terms of data collection, it is exploratory and employs the grounded theory method (Strauss & Corbin). The qualitative population consists of experts in the field of accounting and reporting, selected through purposive sampling and theoretical saturation, ultimately including 11 participants based on the criterion of theoretical saturation. The data collection tools included semi-structured interviews and a researcher-developed questionnaire. The collected data were analyzed using open, axial, and selective coding and structural equation modeling in PLS software, through which the final model was identified. Based on interview analyses, 150 open codes, 29 sub-categories, and 6 main categories were extracted. At the grounded theory stage, forward-looking integrated reporting was defined by the characteristics of information integration, future orientation, and strategic value creation. Influential factors were identified as causal factors (stakeholder requirements, legal pressures), contextual factors (business environment, technology), intervening factors (uncertainty, constraints), strategies (technology, stakeholder engagement), and consequences (transparency, sustainability).
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