Integrated Reporting and Value Relevance in the Energy Sector: The Case of European Listed Firms
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’ val...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2022-11-01
|
| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/15/22/8435 |
| _version_ | 1797465436351102976 |
|---|---|
| author | Andreas Errikos Delegkos Michalis Skordoulis Petros Kalantonis Aggelia Xanthopoulou |
| author_facet | Andreas Errikos Delegkos Michalis Skordoulis Petros Kalantonis Aggelia Xanthopoulou |
| author_sort | Andreas Errikos Delegkos |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-03-09T18:22:23Z |
| format | Article |
| id | doaj.art-58b71bd42f9741f083aecf25cd6a0b7f |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-09T18:22:23Z |
| publishDate | 2022-11-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-58b71bd42f9741f083aecf25cd6a0b7f2023-11-24T08:13:03ZengMDPI AGEnergies1996-10732022-11-011522843510.3390/en15228435Integrated Reporting and Value Relevance in the Energy Sector: The Case of European Listed FirmsAndreas Errikos Delegkos0Michalis Skordoulis1Petros Kalantonis2Aggelia Xanthopoulou3Department of Tourism Management, Egaleo Park Campus, University of West Attica, GR-12243 Egaleo, GreeceDepartment of Tourism Management, Egaleo Park Campus, University of West Attica, GR-12243 Egaleo, GreeceDepartment of Tourism Management, Egaleo Park Campus, University of West Attica, GR-12243 Egaleo, GreeceDepartment of Tourism Management, Egaleo Park Campus, University of West Attica, GR-12243 Egaleo, GreeceIntegrated 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.https://www.mdpi.com/1996-1073/15/22/8435integrated reportingvalue relevancelisted firmsaccounting informationenergy sector |
| spellingShingle | Andreas Errikos Delegkos Michalis Skordoulis Petros Kalantonis Aggelia Xanthopoulou Integrated Reporting and Value Relevance in the Energy Sector: The Case of European Listed Firms Energies integrated reporting value relevance listed firms accounting information energy sector |
| title | Integrated Reporting and Value Relevance in the Energy Sector: The Case of European Listed Firms |
| title_full | Integrated Reporting and Value Relevance in the Energy Sector: The Case of European Listed Firms |
| title_fullStr | Integrated Reporting and Value Relevance in the Energy Sector: The Case of European Listed Firms |
| title_full_unstemmed | Integrated Reporting and Value Relevance in the Energy Sector: The Case of European Listed Firms |
| title_short | Integrated Reporting and Value Relevance in the Energy Sector: The Case of European Listed Firms |
| title_sort | integrated reporting and value relevance in the energy sector the case of european listed firms |
| topic | integrated reporting value relevance listed firms accounting information energy sector |
| url | https://www.mdpi.com/1996-1073/15/22/8435 |
| work_keys_str_mv | AT andreaserrikosdelegkos integratedreportingandvaluerelevanceintheenergysectorthecaseofeuropeanlistedfirms AT michalisskordoulis integratedreportingandvaluerelevanceintheenergysectorthecaseofeuropeanlistedfirms AT petroskalantonis integratedreportingandvaluerelevanceintheenergysectorthecaseofeuropeanlistedfirms AT aggeliaxanthopoulou integratedreportingandvaluerelevanceintheenergysectorthecaseofeuropeanlistedfirms |