The impact of integrated reporting on financial performance of companies listed on the Zimbabwe Stock Exchange
- Author
- Murehwa, Kingdom
- Title
-
The impact of integrated reporting on financial performance of companies listed on the
Zimbabwe Stock Exchange - Abstract
-
The purpose of this research study was to investigate the impact of integrated reporting on financial
performance of companies listed on the Zimbabwe Stock Exchange(ZSE) from 2017 to 2021, this
was triggered by the current poor adoption of integrated reporting in Zimbabwe and the poor level
of integrated reporting by those that have adopted the reporting framework. Research objectives
of the study were, i) to identify challenges encountered in adopting and implementing integrated
reporting ii) to establish the effect of integrated reporting on financial performance, iii) to
investigate the level of integrated reporting in annual reports of ZSE Listed companies. A
descriptive research design was utilised. A sample of 45 ZSE listed companies was selected using
simple random probability sampling. Research subjects were finance accountants, finance
managers and the finance director of selected ZSE listed companies. A structured questionnaire
was used to gather primary data. Cronbach Alpha was used to test validity and reliability of the
research instrument and a value of 0.805 was obtained and deemed reliable. SPSS version 26 was
used as a statistical tool to analyse collected data. Data collected was analysed using descriptive
statistics inform of mean and standard deviations and inferential statistics inform of the regression
model and Pearson Correlation model. The study found out that performance reporting is the
content element highly reported by ZSE listed companies with 94%, surprisingly business model
reporting is least reported with 59%. Findings show that majority of content elements have a
positive impact on financial performance. The study concludes that integrated reporting has a
positive impact on financial performance using accounting and market based measures. The study
recommends companies to seek integrated reporting specialists help in preparing their integrated
reports. Future research should be on preparing a prior adoption integrated reporting cost benefit
analysis framework for unlisted companies.
- Date
- June 2022
- Publisher
- BUSE
- Keywords
- Financial performance
- Zimbabwe Stock Exchange
- Supervisor
- N/A
- Item sets
- Department of Accountancy
