Disclosure Quality of Integrated Reporting in a Voluntary Setting: Evidence from the United Kingdom

Integrated reporting as a corporate reporting form embedding material financial and non-financial information in one report aims to align the information with market demands and consequently enhance disclosure quality. This study investigates integrated reporting quality in terms of the provision of material integrated non-financial information, the determinants impacting the quality level, and the relative influence of higher quality integrated reports on a capital market measure of information asymmetry. The findings are of particular interest to regulatory and quasi-regulatory parties, policymakers, organisations/companies and assurance and financial capital providers, as well as to researchers.