Integrated reporting, financial reporting quality and debt maturity: evidence from Thailand

Neungruthai Petcharat, Pathompong Kookkaew, Pitan Sanpakdee and Joseph M. Mula

Meditari Accountancy Research, 2026, vol. 34, issue 1, 280-304

Abstract: PurposeThis study aims to examine how integrated reporting (IR) and financial reporting quality (FRQ) affect debt maturity and whether the IR moderates the association between FRQ and debt maturity through debt terms.Design/methodology/approachThe authors analyse 617 Thai-listed companies that issued integrated reports between 2019 and 2022. Drawing on information asymmetry and agency theories, the authors develop models linking IR, FRQ and debt maturity. For the main analysis, they use least squares dummy variable regression and the generalised method of moments to ensure robustness.FindingsBoth IR and high FRQ have a significant impact on debt maturity through the use of short-term debt. IR practices significantly moderate the association between high FRQ and debt maturity, with a more pronounced effect on the use of short-term debt.Practical implicationsIR adoption enables firms with a higher FRQ to reduce information asymmetry, increase lenders’ confidence and improve borrowing conditions. This association increases corporate debt transparency, enhances short-term lending decisions and offers insights for financial policy and regulatory frameworks.Originality/valueTo the best of the authors’ knowledge, this study provides the first empirical evidence suggesting that the private debt market perceives the quality of information in integrated reports and financial disclosures differently when responding to debt terms.

Keywords: Integrated reporting; Financial reporting quality; Debt maturity; Short-term debt; Long-term debt; Information asymmetry (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:eme:medarp:medar-07-2024-2553

DOI: 10.1108/MEDAR-07-2024-2553

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