About Laura Bini

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So far Laura Bini has created 70 blog entries.

The role of the Big Four audit firms and the legal system in non-GAAP comparability

By | 2022-07-29T16:10:10+02:00 June 5th, 2022|

Riccardo Macchioni, Alessandra Allini, Martina Prisco / Financial Reporting / 1-2022


The purpose of this paper is to investigate whether the firms with the same Big Four audit firm and from the same legal system disclose more comparable non-GAAP measures. Using 23,436 pairs of European firms, we hand-collected information on the non-GAAP measures disclosed in the statement of comprehensive income. The results showed that the firms with the same Big Four audit firm or from the same legal system are positively and significantly associated with non-GAAP comparability. Our work adds to the studies on accounting comparability. Furthermore, it provides fresh insights that support the latest IASB activity on the Primary Financial Statement project, under which the standard setter has endorsed ED/2019/7 General Presentation and Disclosures.

 


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The role of Key Performance Indicators as a performance management tool in implementing corporate strategies: A critical review of the literature

By | 2022-07-29T16:10:21+02:00 June 4th, 2022|

Ivo Hristov, Antonio Chirico, Riccardo Camilli / Financial Reporting / 1-2022


Over recent decades, organizations have moved into highly competitive markets that force companies to implement Performance Management Systems (PMSs) to keep monitoring strategy alignment and activities. In this context, this paper provides a Systematic Literature Review (SLR) on the use of Key Performance Indicators (KPIs) in PMSs. Relevant and useful papers have been selected for the analysis and the final 60-paper sample has been studied by means of con-tent analysis and descriptive statistics. The relevant findings have been reported across categories (i.e. value drivers, practices and measures, contextual drivers, and critical issues), such as increasing the use of KPIs supporting sustainable developments and a dichotomy between qualitative and quantitative indicators. In particular, authors revealed the need for a KPI strategical formulation and for a cultural factor aimed at ensuring the effective integration of quantitative, qualitative and sustainable development indicators. Therefore, a conceptual model was developed in order to guide managers through the criticalities and the recently reported requirements. This review addresses the KPIs’ implementation from both a systemic and critical point of view; these aspects made our study really useful for practitioners of all application sectors.

 


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Dialogue with standard setters. Climate change and Financial reporting

By | 2022-07-29T16:13:11+02:00 June 3rd, 2022|

Giulia Cordero di Montezemolo, Matteo Strada / Financial Reporting / 1-2022


 

 


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Book Review. Lorenzo Simoni, Business Models and Corporate Reporting: Defining the Platform to Illustrate Value Creation, Routledge, 2022

By | 2022-07-29T16:13:49+02:00 June 2nd, 2022|

Sam Rawsthorne / Financial Reporting / 1-2022


 

 


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Dialogue with standard setters. COVID-19: The impact on IFRS Financial Reporting

By | 2022-02-03T12:03:03+01:00 February 3rd, 2022|

Alberto Quagli, Paola Ramassa, Marco Venuti  / Financial Reporting / 2-2021


 

 


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Integrated reporting: Much ado about nothing?

By | 2022-02-03T12:13:16+01:00 February 3rd, 2022|

Brigitte de Graaff, Bert Steens, Kees Camfferman / Financial Reporting / 2-2021


Integrated reporting, which helps companies to share their value creation processes with their stakeholders, has developed rapidly in recent years. Due to the increased attention paid to the International Integrated Reporting Framework is-sued by the International Integrated Reporting Council, the number of companies worldwide engaging in integrated reporting is continually rising, which is presumably driven by the claimed benefits of this practice. Through recourse to legitimacy theory and management fashion theory, here we provide a preliminary assessment of the development of integrated reporting, alongside considering the potential influence of academic research in its growth. We review the existing body of academic literature on this topic, ultimately identifying 123 claims about the benefits of IR from 29 papers published in 15 journals between May 2011 and September 2016, before proceeding to analyse both the sources and the level of substantiation of these claims. Our findings suggest that only a few of the purported ad-vantages of integrated reporting are supported by actual empirical evidence, while most of the claims only cite a limited number of primary sources. Based on these results and our assessment of the development of the concept of IR, we propose a future research agenda.

 


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Improving business model disclosure in the annual report: Insights from an interventionist research project

By | 2022-02-03T11:56:43+01:00 February 3rd, 2022|

Carlo Bagnoli, Antonio Costantini, Maurizio Massaro  / Financial Reporting / 2-2021


Responding to the calls for empirical research on the extent and nature of business model reporting, this paper has the purpose to assess the quality of business model disclosure. To accomplish this purpose, the study takes advantage of an interventionist research project that was conducted in an Italian listed company operating in the information technology industry to investigate how the business model was disclosed in the annual report and provide feedback to support possible changes. The study uses a framework of analysis that helped to assess the quality of business model disclosure in terms of three attributes: amount, spread and connectivity. The annual report of two consecutive fiscal years was analyzed. The study mainly shows that the measurement and assessment of BM disclosure quality can facilitate its improvement. The analysis enabled meaningful in-sights on BM’s quality to emerge, delivering evidence on the relative importance, coverage and interconnections of BM’s disclosed components. Further, the interventionist approach helped to shape managers’ view on how to tackle disclosure issues and offer more effective communication of the BM according to the company purposes..

 


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Non-financial disclosure and women on board: Is a mandatory approach on gender quotas effective to increase communication quality?

By | 2022-02-03T11:53:40+01:00 February 3rd, 2022|

Rebecca Miccini / Financial Reporting / 2-2021


The present study investigates the effects of women on companies’ boards on the quality of non-financial information, and the influence that a mandatory approach has on this relationship. Previous studies have dealt with analysing the effects of female presence on CSR or ESG information, but few pieces of research have taken into account other strands of non-financial information and have re-sorted to an index to measure its quality. Therefore, this study aims to contribute by extending the analysis to any type of non-financial information communicated by a company. Moreover, the present research contributes to the strand of literature investigating the role of women on companies’ boards. In fact, the results of the OLS regression analysis demonstrated that the presence of women with an executive role positively influences the quality of disclosure in Italy, and this relationship is not influenced by the advanced stage of application of the regulation on gender quotas. Moreover, disclosure quality is significantly higher for firms that disclose a non-financial statement. Nevertheless, the study suffers from some limitations with respect to the sample size and the analysis of the trend in reporting after the introduction of Directive 2014/95/EU.

 


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The assurance of non-financial disclosure: A longitudinal analysis of the academic and professional literature

By | 2022-02-03T11:50:09+01:00 February 3rd, 2022|

Michele Guidi, Marco Giuliani, Maria Serena Chiucchi, Stefano Marasca

/ Financial Reporting / 2-2021


Various studies argue that non-financial information is particularly relevant for business stakeholders. To reduce the risks related to information asymmetries and “window dressing” practices and to enhance the credibility of non-financial information, the need for assurance has arisen. In recent years, scientific and professional interest in the issues related to the assurance of non-financial information has increased. Up to now, there have been very few studies on the evolution of non-financial disclosure (NFD) assurance, nor have scholars addressed the possible gaps and future research perspectives in this field. A systematic review is developed with the following aims: first, to explore the evolution of the NFD assurance literature by systematising academic studies (i.e., papers published in scientific journals) and professional contributions (i.e., papers published in non-scientific sources) from the auditing field, and second, to understand whether theory and practice have influenced each other in the field of NFD assurance, i.e., whether a bridge between theory and practice can be identified within this discourse. The main findings are the following: firstly, four stages can be identified in the evolution of the study of NFD assurance, and secondly, there is virtually no interaction between theory and practice, as practically no scientific papers are mentioned in professional papers, while academic scholars consider professional publications only as empirical data sources.

 


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Dialogue with standard setters. The IASB proposals on the recognition of regulatory assets and regulatory liabilities in the IFRS financial statements

By | 2022-02-03T11:43:06+01:00 February 3rd, 2022|

Alessio Acunzo, Leo Van der Tas  / Financial Reporting / 1-2021


 

 


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