Abstract:
This study sought to investigate the degree of adherence to the integrated
reporting framework and its effect on the performance of listed manufacturing
companies in Ghana. The study employed the descriptive and causal research designs
for the analysis after secondary data was drawn from the audited annual reports of ten
(10) listed manufacturing companies observed from 2014 to 2020. The panel
regression results were generated from the EViews version 12 software programme.
The study employed content analysis of annual reports to identify the non-financial
information disclosed. From the result, it was found that an integrated reporting
framework has no significant influence on profitability. The result also revealed that
sales growth, independent board of directors, assets quality, business sustainability,
age general reporting guideline, governance index, audit firms, and liquidity
statistically influence a firm’s profitability. Still, firm size does not significantly affect
profitability. The study disclosed that the determinants of the integrated reporting
framework included liquidity, firm age, sales growth, sustainability reporting,
business sustainability, general reporting guideline and audit firm. It was further
revealed that firm size, assets quality and independent board of directors are not
determinants of IRF. Finally, the study finds that the size of the firm significantly
influences financial performance. The study suggests that manufacturing companies
should improve non-financial information, especially on strategies and resources
allocation in their financial statements. It further recommended that to increase their
profitability, it has to increase their liquid assets, sell more of their products or
services (sale growth), adhere to the general reporting guidelines, engage on an
independent board of directors, ensure assets quality and employ a governance index
of improving performance.
Description:
A dissertation in the Department of Accounting, School of Business, submitted to the School of Graduate Studies, in partial fulfillment of the requirements for the award of the Degree of Master of Business Administration (Accounting) in the University of Education, Winneba
OCTOBER, 2021