För framtida forskning skulle det vara intressant att studera huruvida resultatet skiljer sig åt när organisationer som GRI och SASB börjar samarbeta med IIRC. Dessutom skulle det vara intressant att djupare undersöka varför ESG-betyg och aktiepris påverkas av rapporteringsformen då denna studie endast diskuterar potentiella förklaringar utifrån teorier baserade på tidigare forskning. Slutligen skulle även en kvalitativ studie vara av intresse för eventuell framtida forskning för att bekräfta eller förkasta de diskussioner som förts kring orsakerna bakom resultaten från denna studie. Detta skulle kunna genomföras i form av intervjuer med bland annat investerare samt företag själva för att få en inblick i orsakerna till skillnader mellan rapporteringsformer.
32
Referenser
Blaine, B. E. (2018). Winsorizing. The SAGE Encyclopedia of Educational Research, Measurement, and Evaluation, 1817.
Bryman, A., & Bell, E. (2011). Business research methods. Oxford University Press.
Bolagsverket. (2019). Hållbarhetsrapport
https://bolagsverket.se/ff/foretagsformer/aktiebolag/arsredovisning/delar/hallbarhetsrapport-1.17962 (Hämtad 2020-11-08)
Bucaro, A. C., Jackson, K. E., & Lill, J. B. (2020). The influence of corporate social responsibility measures on investors' judgments when integrated in a financial report versus presented in a separate report. Contemporary Accounting Research 37(2): 665-695.
Camilleri, M. A. (2015). Environmental, social and governance disclosures in Europe.
Sustainability Accounting, Management and Policy Journal 6(2): 224-242.
Churet, C., & Eccles, R. G. (2014). Integrated reporting, quality of management, and financial performance. Journal of Applied Corporate Finance 26(1): 56-64.
Clarkson, P. M., Fang, X., Li, Y., & Richardson, G. (2013). The relevance of environmental disclosures: Are such disclosures incrementally informative?. Journal of Accounting and Public Policy 32(5): 410-431.
Dahmström, K. (2005). Från datainsamling till rapport: att göra en statistisk undersökning.
Studentlitteratur.
De Klerk, M., De Villiers, C., & Van Staden, C. (2015). The influence of corporate social responsibility disclosure on share prices. Pacific Accounting Review 27(2): 208-228.
De Villiers, C., & Marques, A. (2016). Corporate social responsibility, country-level predispositions, and the consequences of choosing a level of disclosure. Accounting and Business Research 46(2): 167-195.
33
Dhaliwal, D. S., Li, O. Z., Tsang, A., & Yang, Y. G. (2011). Voluntary nonfinancial disclosure and the cost of equity capital: The initiation of corporate social responsibility reporting. The accounting review 86(1): 59-100.
Eccles, R. G., & Krzus, M. P. (2010). One report: Integrated reporting for a sustainable strategy. John Wiley & Son
Eccles, R. G., Ioannou, I., & Serafeim, G. (2014). The impact of corporate sustainability on organizational processes and performance. Management Science 60(11): 2835-2857.
Eccles, R. G., & Saltzman, D. (2011). Achieving sustainability through integrated reporting.
Eccles, R. G., & Serafeim, G. (2011). Accelerating the adoption of integrated reporting.
InnoVatio Publishing Ltd (Hämtad 2020-12-27).
FAR. (2018) FAQ Hållbarhetsrapportering enligt ÅRL https://ropa.se/wp-content/uploads/2017/12/180111-170101-faq-hallbarhetsrapportering_slutgiltig.pdf (Hämtad:
2020-10-08).
Fernández-Gago, R., Cabeza-García, L., & Nieto, M. (2016). Corporate social responsibility, board of directors, and firm performance: an analysis of their relationships. Review of Managerial Science 10(1): 85-104.
FN. (2012). FN-fakta nr 2/12: Hållbar utveckling. [Faktablad]. FN-förbundet https://fn.se/wp-content/uploads/2016/08/Faktablad-2-12-H%C3%A5llbar-utveckling.pdf (Hämtad: 2020-10-23)
Gamerschlag, R., Möller, K., & Verbeeten, F. (2011). Determinants of voluntary CSR disclosure: empirical evidence from Germany. Review of Managerial Science 5(2-3): 233-262.
Global Reporting Initiative (GRI). (2016). GRI 101: Foundation 2016.
https://www.globalreporting.org/media/55yhvety/gri-101-foundation-2016.pdf#page=25.
(Hämtad: 2020-11-22).
34
Global Reporting Initiative (GRI). (u.å.). Our mission and history.
https://www.globalreporting.org/about-gri/mission-history/ (Hämtad 2020-11-28).
Hahn, R., & Kühnen, M. (2013). Determinants of sustainability reporting: a review of results, trends, theory, and opportunities in an expanding field of research. Journal of cleaner production 59: 5-21.
Hassel, L., Nilsson, H. and Nyquist, S. (2005). The value relevance of environmental performance. European Accounting Review 14(1): 41-61.
International Integrated Reporting Council (IIRC). (2013a). The International Framework.
https://integratedreporting.org/wp-content/uploads/2013/12/13-12-08-THE-INTERNATIONAL-IR-FRAMEWORK-2-1.pdf (Hämtad: 2020-11-24).
International Integrated Reporting Council (IIRC). (2013b). GRI and IIRC deepen cooperation to shape the future of corporate reporting. https://integratedreporting.org/news/gri-and-iirc-deepen-cooperation-to-shape-the-future-of-corporate-reporting/ (Hämtad 2021-01-05).
International Integrated Reporting Council (IIRC). (u.å.a). The IIRC.
https://integratedreporting.org/the-iirc-2/ (Hämtad: 2020-11-22).
International Integrated Reporting Council (IIRC) . (u.å.b). Why? The need for change.
https://integratedreporting.org/why-the-need-for-change/ (Hämtad 2020-11-28).
Kennedy, D., Lakonishok, J., & Shaw, W. H. (1992). Accommodating outliers and nonlinearity in decision models. Journal of Accounting, Auditing & Finance, 7(2), 161-190.
King Report on Governance, Institute of Directors (South Africa). (2010). King Report on Governance for South Africa 2009: King Code of Governance Principles for South Africa 2009; Companies Act 71 of 2008. Juta and Company Ltd.
35
KPMG. (2017). The road ahead—The KPMG Survey of Corporate Responsibility Reporting 2017. https://home.kpmg/xx/en/home/insights/2017/10/the-kpmg-survey-of-corporate-responsibility-reporting-2017.html (Hämtad 2020-12-22).
KPMG (u.å.) Upprätta en transparent hållbarhetsrapport.
https://home.kpmg/se/sv/home/tjanster/hallbart-foretagande/rapportera/gri.html (Hämtad: 2020-10-23)
Lee, S. C., Chen, J. L., & Tsa, M. S. (2014). An empirical investigation of the ohlson model–
A panel cointegration approach. Australasian Accounting, Business and Finance Journal, 8(2), 35-51.
Lennartsson, R. (2013). Integrerad rapportering - svensk konkurrensfördel.
https://www.tidningenbalans.se/nyheter/integrerad-rapportering-svensk-konkurrensfordel/
(Hämtad 2021-01-05).
Leszczensky, L., & Wolbring, T. (2019). How to deal with reverse causality using panel data?
Recommendations for researchers based on a simulation study. Sociological Methods &
Research, 0049124119882473.
Maniora, J. (2015). Is integrated reporting really the superior mechanism for the integration of ethics into the core business model? An empirical analysis. Journal of Business Ethics 140(4):
755-786.
Murray, A., Sinclair, D., Power, D., & Gray, R. (2006). Do financial markets care about social and environmental disclosure?. Accounting, Auditing & Accountability Journal 19(2): 228-255.
MSCI. (u.å.). ESG 101: What is ESG?. https://www.msci.com/what-is-esg (Hämtad 2020-11-25).
Nielsen. (2014). Global consumers are willing to put their money where their heart is when it comes to goods and services from companies committed to social responsibility.
https://www.nielsen.com/us/en/press-releases/2014/global-consumers-are-willing-to-put-their-money-where-their-heart-is/ (Hämtad 2020-12-07).
36
Plumlee, M., Brown, D., Hayes, R. M., & Marshall, R. S. (2015). Voluntary environmental disclosure quality and firm value: Further evidence. Journal of Accounting and Public policy 34(4): 336-361.
PWC. (2020). Sustainability reporting in Japan and Sweden - a brief comparison.
https://www.pwc.com/jp/en/knowledge/column/sustainability-reporting-in-japan-and-sweden.html (Hämtad 2020-11-18).
Refinitiv (2020). ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) SCORES FROM
REFINITIV .Tillgänglig via:
ttps://www.refinitiv.com/content/dam/marketing/en_us/documents/methodology/esg-scores- methodology.pdf (Hämtad 2021-01-06).
Refinitiv. (u.å.). About Refinitiv. https://www.refinitiv.com/en/about-us (Hämtad 2021-01-04).
SASB. (2020). Press release - IIRC and SASB announce intent to merge in major step towards simplifying the corporate reporting system. https://www.sasb.org/wp-content/uploads/2020/11/IIRC-SASB-Press-Release-Web-Final.pdf (Hämtad 2021-01-05).
SASB. (u.å.). Global Use of SASB Standards. https://www.sasb.org/global-use/ (Hämtad 2021-01-06).
Saunders, M., Lewis, P., & Thornhill, A. (2007). Research methods for business students.
Pearson education.
Serafeim, G. (2015). Integrated reporting and investor clientele. Journal of Applied Corporate Finance 27(2): 34-51.
Trost, J. (2001). Enkätboken. Lund: Studentlitteratur Vetenskapsrådet. Forskningsetiska principer inom humanistisk–samhällsvetenskaplig forskning.
Verbeeten, F. H., Gamerschlag, R., & Möller, K. (2016). Are CSR disclosures relevant for investors? Empirical evidence from Germany. Management Decision 54(6): 1359-1382.
37 Laghänvisningar
SFS 1995:1554. Årsredovisningslag. Stockholm: Justitiedepartementet L1
38