A Practice Theoretical Analysis of the Irrelevance of Integrated Reporting to Mainstream Sell-Side Analysts

This paper investigates whether integrated reporting (IR) is achieving its intended purpose by focusing on its usefulness as perceived by sell-side analysts. The main data comes from twenty-three analysts who covered companies participating in the Pilot Programme Business Network of the International Integrated Reporting Council as of 2013. We find that IR has not connected with analysts' practice of firm assessment. The improvements resulting from the adoption of integrated reports are not relevant to analysts, as the reports do not provide the information required by analysts in sufficient detail or a preferred format