Disclosure of the Integrated Reporting content elements and their Relationship with the Economic Profile of Companies Listed on B3

Abstract

This study aims to evaluate the degree of disclosure of Integrated Reporting (IR) content elements and its relationship with the economic profile of companies listed on B3 from 2019 to 2021. For this, 27 companies that published the IR are analyzed, according to the database of the Comissão Brasileira de Acompanhamento do Relato Integrado (CBARI). This is a descriptive study with a quantitative approach through content analysis and documentary research techniques. It is expected that this study will contribute to the evaluation of the adherence of IR to the framework, adding to the literature on quality attributes of IR, as well as that the confrontation with the economic profile of companies offers insights to users of accounting information (notably, investors and creditors) to analyze the relationship between information considered non-financial and its economic consequences. The results show good adherence of companies to the RI framework, with an average Disclosure Index of 0.86. There are also indications that the degree of disclosure of RI content elements is related to the size and sector of Brazilian companies listed in B3 and is not related to profitability, capital structure, and level of corporate governance. In other words, larger companies tend to have a higher degree of disclosure of IR content elements, while companies in regulated sectors tend to have a lower degree of disclosure.