The influence of integrated reporting compliance on analyst forecast accuracy and credit ratings

Athanasios Pavlopoulos, George Emmanuel Iatridis and Dimitrios N. Koufopoulos

International Journal of Banking, Accounting and Finance, 2024, vol. 14, issue 2, 206-246

Abstract: This study examines how integrated reporting (IR) affects analyst forecasts and credit ratings. Our findings indicate that a high level of IR compliance contributes additional valuable information to improve analyst forecast accuracy. Our research reveals that earnings manipulation exhibits a less pronounced negative relationship with credit ratings for companies that exhibit strong IR compliance. Additionally, we observe a positive association between voluntary IR adoption and credit ratings among companies that uphold high IR compliance standards. Finally, our study suggests that companies with robust IR compliance tend to receive higher credit ratings, even in cases where their legal, cultural and political institutional context may be less supportive.

Keywords: integrated reporting; analyst forecast accuracy; credit ratings; compliance quality. (search for similar items in EconPapers)
Date: 2024
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