Integrated reporting as a strategy for firm growth: Multiple case study in Colombia
Purpose - The purpose of this paper is to evaluate the implementation of the integrated reporting (IR) framework in a group of Colombian enterprises. Design/methodology/approach - This is a multiple-case study in six enterprises that use the IR framework. The selected enterprises, all of which were...
- Autores:
- Tipo de recurso:
- Fecha de publicación:
- 2017
- Institución:
- Universidad de Medellín
- Repositorio:
- Repositorio UDEM
- Idioma:
- eng
- OAI Identifier:
- oai:repository.udem.edu.co:11407/4294
- Acceso en línea:
- http://hdl.handle.net/11407/4294
- Palabra clave:
- Case study
Colombia
Emerging markets
Integrated reporting
Multilatina
Sustainability
- Rights
- License
- http://purl.org/coar/access_right/c_16ec
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| dc.title.spa.fl_str_mv |
Integrated reporting as a strategy for firm growth: Multiple case study in Colombia |
| title |
Integrated reporting as a strategy for firm growth: Multiple case study in Colombia |
| spellingShingle |
Integrated reporting as a strategy for firm growth: Multiple case study in Colombia Case study Colombia Emerging markets Integrated reporting Multilatina Sustainability |
| title_short |
Integrated reporting as a strategy for firm growth: Multiple case study in Colombia |
| title_full |
Integrated reporting as a strategy for firm growth: Multiple case study in Colombia |
| title_fullStr |
Integrated reporting as a strategy for firm growth: Multiple case study in Colombia |
| title_full_unstemmed |
Integrated reporting as a strategy for firm growth: Multiple case study in Colombia |
| title_sort |
Integrated reporting as a strategy for firm growth: Multiple case study in Colombia |
| dc.contributor.affiliation.spa.fl_str_mv |
Macias, H.A Facultad de Ciencias Economicas Y Administrativas, Universidad de Medellin, Medellin, Colombia Farfan-Lievano, A Accounting Sciences Department, Pontificia Universidad Javeriana, Bogota, Colombia |
| dc.subject.keyword.eng.fl_str_mv |
Case study Colombia Emerging markets Integrated reporting Multilatina Sustainability |
| topic |
Case study Colombia Emerging markets Integrated reporting Multilatina Sustainability |
| description |
Purpose - The purpose of this paper is to evaluate the implementation of the integrated reporting (IR) framework in a group of Colombian enterprises. Design/methodology/approach - This is a multiple-case study in six enterprises that use the IR framework. The selected enterprises, all of which were located in either Bogota or Medellin, were Argos, EEB, EPM, ISA, Nutresa and Ocensa. The authors conducted individual interviews of reporters and performed a documentary analysis. Findings - The few Colombian firms that use the IR framework all have ambitious expansion goals in the medium term. The main reason for the adoption of the IR framework in these firms is that it facilitates access to resources from new foreign investors. Research limitations/implications - Since the framework was published recently, only a few Colombian firms follow it, and several of them do not apply all of its components. In the future, there will be more reports and a higher level of framework application. Practical implications - In the firms studied, the IR framework is an important tool to support the search strategies of new sources of financial capital. Social implications - If the use of the International Integrated Reporting Council (IIRC) framework were to diminish the application of the GRI, firms would be less likely to evaluate the impact of their activities on numerous stakeholders (other than shareholders). Originality/value - This is the first Colombian study of IR to include both documentary analysis and personal interviews. © Emerald Publishing Limited. |
| publishDate |
2017 |
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2017-12-19T19:36:45Z |
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2017-12-19T19:36:45Z |
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2017 |
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Review |
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info:eu-repo/semantics/review |
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20493738 |
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http://hdl.handle.net/11407/4294 |
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10.1108/MEDAR-11-2016-0099 |
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reponame:Repositorio Institucional Universidad de Medellín |
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instname:Universidad de Medellín |
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20493738 10.1108/MEDAR-11-2016-0099 reponame:Repositorio Institucional Universidad de Medellín instname:Universidad de Medellín |
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http://hdl.handle.net/11407/4294 |
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eng |
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eng |
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https://www.scopus.com/inward/record.uri?eid=2-s2.0-85031099765&doi=10.1108%2fMEDAR-11-2016-0099&partnerID=40&md5=a4f72f64a936a2614396722aa9358ff8 |
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Meditari Accountancy Research |
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Adams, C.A., The international integrated reporting council: A call to action (2015) Critical Perspectives on Accounting, 27, pp. 23-28 Amit, R., Zott, C., Value creation in E-business (2001) Strategic Management Journal, 22 (6-7), pp. 493-520 (2016) Perfil Corporativo, , www.argos.co/ir/perfilcorporativo/composicion-Accionaria, Argos, Composición accionaria, available at:, (accessed 20 November 2016) Attanasio, O., Goldberg, P., Pavcnik, N., Trade reforms and wage inequality in Colombia (2004) Journal of Development Economics, 74 (2), pp. 331-336 Beattie, V., Smith, S.J., Value creation and business models: Refocusing the intellectual capital debate (2013) British Accounting Review, 45 (4), pp. 243-254 Bouten, L., Hoozée, S., Challenges in sustainability and integrated reporting (2015) Issues in Accounting Education, 30 (4), pp. 373-381 Bowman, C., Ambrosini, V., Value creation versus value capture: Towards a coherent definition of value in strategy (2000) British Journal of Management, 11 (1), pp. 1-15 Brown, J., Dillard, J., Integrated reporting: On the need for broadening out and opening up (2014) Accounting, Auditing& Accountability Journal, 27 (7), pp. 1120-1156 Busco, F., Riccaboni, M., Quattrone, P., (2013) Integrated Reporting: Concepts and Cases that Redefine Corporate Accountability, , Springer International Publishing, London Cano, A.M., (2011) Desarrollo Científico de la Contabilidad, , Sello Editorial Universidad de Medellin, Medellin Creswell, J.W., (2009) Research Design: Qualitative, Quantitative, and Mixed Methods Approaches, , Sage Publications, Thousand Oaks, CA Cuervo-Cazurra, A., The multinationalization of developing country MNEs: The case of multilatinas (2008) Journal of International Management, 14 (2), pp. 138-154 Cuervo-Cazurra, A., Multilatinas (2010) Universia Business Review, 25, pp. 14-33 Cuervo-Cazurra, A., Multilatinas as sources of new research insights: The learning and escape drivers of international expansion (2016) Journal of Business Research, 69 (6), pp. 1963-1972 Demartini, P., Paoloni, M., Paoloni, P., Sustainability and intangibles: Evidence of integrated thinking (2015) Journal of International Business and Economics, 15 (2), pp. 107-122 De Klerk, M., De Villiers, C., The value relevance of corporate responsibility reporting: South African evidence (2012) Meditari Accountancy Research, 20 (1), pp. 21-38 De Villiers, C., Van Staden, C.J., Can less environmental disclosure have a legitimising effect? Evidence from Africa (2006) Accounting, Organizations and Society, 31 (8), pp. 763-781 De Villiers, C., Rinaldi, L., Unerman, J., Integrated reporting: Insights, gaps and an agenda for future research (2014) Accounting, Auditing & Accountability Journal, 27 (7), pp. 1042-1067 (2016) Empresa de Energia de Bogot, , www.grupoenergiadebogota.com/eeb/index.php/sostenibilidad, EEB, Sostenibilidad, available at:, (accessed 20 November 2016) Eisenhardt, K.M., Building theories from case study research (1989) Academy of Management Review, 14 (4), pp. 532-550 Eisenhardt, K.M., Graebner, M.E., Theory building from cases: Opportunities and challenges (2007) Academy of Management Journal, 50 (1), pp. 25-32 Frías-Aceituno, J.V., Rodriguez-Ariza, L., Garcia-Sanchez, I.M., The role of the board in the dissemination of integrated corporate social reporting (2013) Corporate Social Responsibility and Environmental Management, 20 (4), pp. 219-233 Frías-Aceituno, J.V., Rodríguez-Ariza, L., García-Sánchez, I.M., Is integrated reporting determined by a country's legal system? An exploratory study (2013) Journal of Cleaner Production, 44, pp. 45-55 García-Sánchez, I.M., Rodríguez-Ariza, L., Frías-Aceituno, J.V., The cultural system and integrated reporting (2013) International Business Review, 22 (5), pp. 828-838 (2016) GRI Empowering Sustain Nable Decisions, , www.globalreporting.org/Pages/default.aspx, Global Reporting Iniciative GRI, available at Gonzalez-Perez, M.A., Velez-Ocampo, J.F., Targeting one's own region: Internationalisation trends of Colombian multinational companies (2014) European Business Review, 26 (6), pp. 531-551 Gonzalo, M., Federico, J., Drucaroff, S., Kantis, H., Post-investment trajectories of Latin American young technology-based firms: An exploratory study (2013) Venture Capital, 15 (2), pp. 115-133 Gutierrez, L.H., Pombo, C., Taborda, R., Ownership and control in Colombian corporations (2008) Quarterly Review of Economics and Finance, 48 (1), pp. 22-47 Haller, A., Van Staden, C., The value added statement -An appropriate instrument for integrated reporting (2014) Accounting, Auditing&Accountability Journal, 27 (7), pp. 1190-1216 Hernández, M.C., Soto, Y.M., Vásquez, L., Caracterización de las revelaciones contenidas en los reportes integrados de las empresas colombianas incluidas en el indice de sostenibilidad Dow Jones (2015) Trabajos de Grado Contaduría Ude A, 9 (1), pp. 1-40 Higgins, C., Stubbs, W., Love, T., Walking the talk(s): Organisational narratives of integrated reporting (2014) Accounting, Auditing&Accountability Journal, 27 (7), pp. 1090-1119 Hopwood, A., Unerman, J., Fries, J., (2010) Accounting for Sustainability: Practical Insights, , (Eds), Earthscan, London (2013) International Integrated Reporting Council (IIRC), , http://integratedreporting.org/wpcontent/uploads/2015/03/13-12-08-THE-INTERNATIONAL-IR-FRAMEWORK-SPANISH-1.pdf, available at Kuzina, R., Rypbya, P.B., Integrated reporting as a mechanism of increasing business value (2014) Actual Problems of Economiics, 8 (158), pp. 385-392 Lepak, D.P., Smith, K.G., Taylor, M.S., Value creation and value capture: A multilevel perspective (2007) Academy of Management Review, 32 (1), pp. 180-194 López-Carvajal, O.R., Integrated reporting: A new scenario for external auditor and statutory auditor (2014) Contaduría Universidad de Antioquia, 64, pp. 85-99 Macias, H.A., Key foundations for high-quality reporting: Good practices of monitoring and enforcement, and compliance (2014) Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR), pp. 1-12. , UNCTAD, Geneva Macias, H.A., Conocimiento gerencial, el caso de una empresa multinegocios: Suramericana S. A (2016) Innovar, 26 (61), pp. 159-160 Macias, H.A., Castro, M.F., La cadena de valor del cemento en Colombia: Estructura, participación en la economía y criterios de sostenibilidad (2017) Cadenas de Valor Y Sostenibilidad en Latinoamérica, pp. 271-289. , Vera-Martinez, P.S. (Ed.), Publicaciones Empresariales UNAM, FCA Publishing, Ciudad de México Mizik, N., Jacobson, R., Trading off between value creation and value appropriation: The financial implications of shifts in strategic emphasis (2003) Journal Of Marketing, 67 (1), pp. 63-76 O'Dwyer, B., Unerman, J., Realizing the potential of interdisciplinarity in accounting research (2014) Accounting, Auditing and Accountability Journal, 27 (8), pp. 1227-1232 O'Dwyer, B., Owen, D., Unerman, J., Seeking legitimacy for new assurance forms: The case of assurance on sustainability reporting (2011) Accounting, Organizations and Society, 36 (1), pp. 31-52 Segal, T.G., Segal, M., Maroun, W., The perceived relevance of tax risk-management in a South African context (2017) Meditari Accountancy Research, 25 (1), pp. 82-94 Simnett, R., Huggins, A.L., Integrated reporting and assurance: Where can research add value? (2015) Sustainability Accounting, Management and Policy Journal, 6 (1), pp. 29-53 Sirmon, D.H., Managing firm resources in dynamic environments to create value: Looking inside the black box (2007) Academy of Management Review, 32 (1), pp. 273-292 Steyn, M., Organisational benefits and implementation challenges of mandatory integrated reporting: Perspectives of senior executives at South African listed companies (2014) Sustainability Accounting, Management and Policy Journal, 5 (4), pp. 476-503 Stubbs, W., Higgins, C., Integrated reporting and internal mechanisms of change (2014) Accounting, Auditing& Accountability Journal, 27 (7), pp. 1068-1089 Unerman, J., Strategic reputation risk management and corporate social responsibility reporting (2008) Accounting, Auditing& Accountability Journal, 21 (3), pp. 362-364 Unerman, J., Bebbington, J., O'Dwyer, B., (2010) Sustainability Accounting and Accountability, , (Eds), Routledge, London Van Bommel, K., Towards a legitimate compromise?: An exploration of integrated reporting in the Netherlands (2014) Accounting, Auditing & Accountability Journal, 27 (7), pp. 1157-1189 Velez-Ocampo, J., Gonzalez-Perez, M.A., International expansion of Colombian firms: Understanding their emergence in foreign markets (2015) Cuadernos de Administración, 28 (51), pp. 189-215 Wilches-Sánchez, G., Rodríguez-Romero, C.A., Evolutionary process of conglomerates or economic groups in Colombia (2016) Revista Innovar Journal Revista de Ciencias Administrativas Y Sociales, 26 (60), pp. 11-34 Yin, R.K., (2008) Case Study Research: Design and Methods, , Sage Publications, Thousand Oaks |
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2017-12-19T19:36:45Z2017-12-19T19:36:45Z201720493738http://hdl.handle.net/11407/429410.1108/MEDAR-11-2016-0099reponame:Repositorio Institucional Universidad de Medellíninstname:Universidad de MedellínPurpose - The purpose of this paper is to evaluate the implementation of the integrated reporting (IR) framework in a group of Colombian enterprises. Design/methodology/approach - This is a multiple-case study in six enterprises that use the IR framework. The selected enterprises, all of which were located in either Bogota or Medellin, were Argos, EEB, EPM, ISA, Nutresa and Ocensa. The authors conducted individual interviews of reporters and performed a documentary analysis. Findings - The few Colombian firms that use the IR framework all have ambitious expansion goals in the medium term. The main reason for the adoption of the IR framework in these firms is that it facilitates access to resources from new foreign investors. Research limitations/implications - Since the framework was published recently, only a few Colombian firms follow it, and several of them do not apply all of its components. In the future, there will be more reports and a higher level of framework application. Practical implications - In the firms studied, the IR framework is an important tool to support the search strategies of new sources of financial capital. Social implications - If the use of the International Integrated Reporting Council (IIRC) framework were to diminish the application of the GRI, firms would be less likely to evaluate the impact of their activities on numerous stakeholders (other than shareholders). Originality/value - This is the first Colombian study of IR to include both documentary analysis and personal interviews. © Emerald Publishing Limited.engEmerald Group Publishing Ltd.Facultad de Ciencias Económicas y Administrativashttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85031099765&doi=10.1108%2fMEDAR-11-2016-0099&partnerID=40&md5=a4f72f64a936a2614396722aa9358ff8Meditari Accountancy ResearchAdams, C.A., The international integrated reporting council: A call to action (2015) Critical Perspectives on Accounting, 27, pp. 23-28Amit, R., Zott, C., Value creation in E-business (2001) Strategic Management Journal, 22 (6-7), pp. 493-520(2016) Perfil Corporativo, , www.argos.co/ir/perfilcorporativo/composicion-Accionaria, Argos, Composición accionaria, available at:, (accessed 20 November 2016)Attanasio, O., Goldberg, P., Pavcnik, N., Trade reforms and wage inequality in Colombia (2004) Journal of Development Economics, 74 (2), pp. 331-336Beattie, V., Smith, S.J., Value creation and business models: Refocusing the intellectual capital debate (2013) British Accounting Review, 45 (4), pp. 243-254Bouten, L., Hoozée, S., Challenges in sustainability and integrated reporting (2015) Issues in Accounting Education, 30 (4), pp. 373-381Bowman, C., Ambrosini, V., Value creation versus value capture: Towards a coherent definition of value in strategy (2000) British Journal of Management, 11 (1), pp. 1-15Brown, J., Dillard, J., Integrated reporting: On the need for broadening out and opening up (2014) Accounting, Auditing& Accountability Journal, 27 (7), pp. 1120-1156Busco, F., Riccaboni, M., Quattrone, P., (2013) Integrated Reporting: Concepts and Cases that Redefine Corporate Accountability, , Springer International Publishing, LondonCano, A.M., (2011) Desarrollo Científico de la Contabilidad, , Sello Editorial Universidad de Medellin, MedellinCreswell, J.W., (2009) Research Design: Qualitative, Quantitative, and Mixed Methods Approaches, , Sage Publications, Thousand Oaks, CACuervo-Cazurra, A., The multinationalization of developing country MNEs: The case of multilatinas (2008) Journal of International Management, 14 (2), pp. 138-154Cuervo-Cazurra, A., Multilatinas (2010) Universia Business Review, 25, pp. 14-33Cuervo-Cazurra, A., Multilatinas as sources of new research insights: The learning and escape drivers of international expansion (2016) Journal of Business Research, 69 (6), pp. 1963-1972Demartini, P., Paoloni, M., Paoloni, P., Sustainability and intangibles: Evidence of integrated thinking (2015) Journal of International Business and Economics, 15 (2), pp. 107-122De Klerk, M., De Villiers, C., The value relevance of corporate responsibility reporting: South African evidence (2012) Meditari Accountancy Research, 20 (1), pp. 21-38De Villiers, C., Van Staden, C.J., Can less environmental disclosure have a legitimising effect? Evidence from Africa (2006) Accounting, Organizations and Society, 31 (8), pp. 763-781De Villiers, C., Rinaldi, L., Unerman, J., Integrated reporting: Insights, gaps and an agenda for future research (2014) Accounting, Auditing & Accountability Journal, 27 (7), pp. 1042-1067(2016) Empresa de Energia de Bogot, , www.grupoenergiadebogota.com/eeb/index.php/sostenibilidad, EEB, Sostenibilidad, available at:, (accessed 20 November 2016)Eisenhardt, K.M., Building theories from case study research (1989) Academy of Management Review, 14 (4), pp. 532-550Eisenhardt, K.M., Graebner, M.E., Theory building from cases: Opportunities and challenges (2007) Academy of Management Journal, 50 (1), pp. 25-32Frías-Aceituno, J.V., Rodriguez-Ariza, L., Garcia-Sanchez, I.M., The role of the board in the dissemination of integrated corporate social reporting (2013) Corporate Social Responsibility and Environmental Management, 20 (4), pp. 219-233Frías-Aceituno, J.V., Rodríguez-Ariza, L., García-Sánchez, I.M., Is integrated reporting determined by a country's legal system? An exploratory study (2013) Journal of Cleaner Production, 44, pp. 45-55García-Sánchez, I.M., Rodríguez-Ariza, L., Frías-Aceituno, J.V., The cultural system and integrated reporting (2013) International Business Review, 22 (5), pp. 828-838(2016) GRI Empowering Sustain Nable Decisions, , www.globalreporting.org/Pages/default.aspx, Global Reporting Iniciative GRI, available atGonzalez-Perez, M.A., Velez-Ocampo, J.F., Targeting one's own region: Internationalisation trends of Colombian multinational companies (2014) European Business Review, 26 (6), pp. 531-551Gonzalo, M., Federico, J., Drucaroff, S., Kantis, H., Post-investment trajectories of Latin American young technology-based firms: An exploratory study (2013) Venture Capital, 15 (2), pp. 115-133Gutierrez, L.H., Pombo, C., Taborda, R., Ownership and control in Colombian corporations (2008) Quarterly Review of Economics and Finance, 48 (1), pp. 22-47Haller, A., Van Staden, C., The value added statement -An appropriate instrument for integrated reporting (2014) Accounting, Auditing&Accountability Journal, 27 (7), pp. 1190-1216Hernández, M.C., Soto, Y.M., Vásquez, L., Caracterización de las revelaciones contenidas en los reportes integrados de las empresas colombianas incluidas en el indice de sostenibilidad Dow Jones (2015) Trabajos de Grado Contaduría Ude A, 9 (1), pp. 1-40Higgins, C., Stubbs, W., Love, T., Walking the talk(s): Organisational narratives of integrated reporting (2014) Accounting, Auditing&Accountability Journal, 27 (7), pp. 1090-1119Hopwood, A., Unerman, J., Fries, J., (2010) Accounting for Sustainability: Practical Insights, , (Eds), Earthscan, London(2013) International Integrated Reporting Council (IIRC), , http://integratedreporting.org/wpcontent/uploads/2015/03/13-12-08-THE-INTERNATIONAL-IR-FRAMEWORK-SPANISH-1.pdf, available atKuzina, R., Rypbya, P.B., Integrated reporting as a mechanism of increasing business value (2014) Actual Problems of Economiics, 8 (158), pp. 385-392Lepak, D.P., Smith, K.G., Taylor, M.S., Value creation and value capture: A multilevel perspective (2007) Academy of Management Review, 32 (1), pp. 180-194López-Carvajal, O.R., Integrated reporting: A new scenario for external auditor and statutory auditor (2014) Contaduría Universidad de Antioquia, 64, pp. 85-99Macias, H.A., Key foundations for high-quality reporting: Good practices of monitoring and enforcement, and compliance (2014) Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR), pp. 1-12. , UNCTAD, GenevaMacias, H.A., Conocimiento gerencial, el caso de una empresa multinegocios: Suramericana S. A (2016) Innovar, 26 (61), pp. 159-160Macias, H.A., Castro, M.F., La cadena de valor del cemento en Colombia: Estructura, participación en la economía y criterios de sostenibilidad (2017) Cadenas de Valor Y Sostenibilidad en Latinoamérica, pp. 271-289. , Vera-Martinez, P.S. (Ed.), Publicaciones Empresariales UNAM, FCA Publishing, Ciudad de MéxicoMizik, N., Jacobson, R., Trading off between value creation and value appropriation: The financial implications of shifts in strategic emphasis (2003) Journal Of Marketing, 67 (1), pp. 63-76O'Dwyer, B., Unerman, J., Realizing the potential of interdisciplinarity in accounting research (2014) Accounting, Auditing and Accountability Journal, 27 (8), pp. 1227-1232O'Dwyer, B., Owen, D., Unerman, J., Seeking legitimacy for new assurance forms: The case of assurance on sustainability reporting (2011) Accounting, Organizations and Society, 36 (1), pp. 31-52Segal, T.G., Segal, M., Maroun, W., The perceived relevance of tax risk-management in a South African context (2017) Meditari Accountancy Research, 25 (1), pp. 82-94Simnett, R., Huggins, A.L., Integrated reporting and assurance: Where can research add value? (2015) Sustainability Accounting, Management and Policy Journal, 6 (1), pp. 29-53Sirmon, D.H., Managing firm resources in dynamic environments to create value: Looking inside the black box (2007) Academy of Management Review, 32 (1), pp. 273-292Steyn, M., Organisational benefits and implementation challenges of mandatory integrated reporting: Perspectives of senior executives at South African listed companies (2014) Sustainability Accounting, Management and Policy Journal, 5 (4), pp. 476-503Stubbs, W., Higgins, C., Integrated reporting and internal mechanisms of change (2014) Accounting, Auditing& Accountability Journal, 27 (7), pp. 1068-1089Unerman, J., Strategic reputation risk management and corporate social responsibility reporting (2008) Accounting, Auditing& Accountability Journal, 21 (3), pp. 362-364Unerman, J., Bebbington, J., O'Dwyer, B., (2010) Sustainability Accounting and Accountability, , (Eds), Routledge, LondonVan Bommel, K., Towards a legitimate compromise?: An exploration of integrated reporting in the Netherlands (2014) Accounting, Auditing & Accountability Journal, 27 (7), pp. 1157-1189Velez-Ocampo, J., Gonzalez-Perez, M.A., International expansion of Colombian firms: Understanding their emergence in foreign markets (2015) Cuadernos de Administración, 28 (51), pp. 189-215Wilches-Sánchez, G., Rodríguez-Romero, C.A., Evolutionary process of conglomerates or economic groups in Colombia (2016) Revista Innovar Journal Revista de Ciencias Administrativas Y Sociales, 26 (60), pp. 11-34Yin, R.K., (2008) Case Study Research: Design and Methods, , Sage Publications, Thousand OaksScopusIntegrated reporting as a strategy for firm growth: Multiple case study in ColombiaReviewinfo:eu-repo/semantics/reviewhttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_efa0Macias, H.AFacultad de Ciencias Economicas Y Administrativas, Universidad de Medellin, Medellin, ColombiaFarfan-Lievano, AAccounting Sciences Department, Pontificia Universidad Javeriana, Bogota, ColombiaMacias H.AFarfan-Lievano A.Facultad de Ciencias Economicas Y Administrativas, Universidad de Medellin, Medellin, ColombiaAccounting Sciences Department, Pontificia Universidad Javeriana, Bogota, ColombiaCase studyColombiaEmerging marketsIntegrated reportingMultilatinaSustainabilityPurpose - The purpose of this paper is to evaluate the implementation of the integrated reporting (IR) framework in a group of Colombian enterprises. Design/methodology/approach - This is a multiple-case study in six enterprises that use the IR framework. The selected enterprises, all of which were located in either Bogota or Medellin, were Argos, EEB, EPM, ISA, Nutresa and Ocensa. The authors conducted individual interviews of reporters and performed a documentary analysis. Findings - The few Colombian firms that use the IR framework all have ambitious expansion goals in the medium term. The main reason for the adoption of the IR framework in these firms is that it facilitates access to resources from new foreign investors. Research limitations/implications - Since the framework was published recently, only a few Colombian firms follow it, and several of them do not apply all of its components. In the future, there will be more reports and a higher level of framework application. Practical implications - In the firms studied, the IR framework is an important tool to support the search strategies of new sources of financial capital. Social implications - If the use of the International Integrated Reporting Council (IIRC) framework were to diminish the application of the GRI, firms would be less likely to evaluate the impact of their activities on numerous stakeholders (other than shareholders). Originality/value - This is the first Colombian study of IR to include both documentary analysis and personal interviews. © Emerald Publishing Limited.http://purl.org/coar/access_right/c_16ec11407/4294oai:repository.udem.edu.co:11407/42942020-05-27 19:16:26.837Repositorio Institucional Universidad de Medellinrepositorio@udem.edu.co |