Integrated reporting: opportunity or issue for small and medium-sized enterprises? The case of BoxMarche Global Report

ABSTRACT Does the integrated report represent the best tool of accountability? If so, why and for which companies? Studies and empirical research in this area have been mainly addressed to large enterprises, neglecting the integrated reporting of (and for) small and medium-sized business (SMEs) and the factors that may hinder or facilitate its adoption and effectiveness. The paper aims to fill this gap and to offer insights and reflections on the benefits capable of being derived from the adoption of integrated reporting and their relationship with specific SMEs’ attributes. The empirical analysis, which is referred to an Italian SME which is among the first to have introduced the “global report”- allows us to identify the benefits of integrated reporting and verifying how these stem from the orientation to sustainability and to the level of responsibility of the entrepreneur. The findings of the study suggest that when an authentic commitment to social responsibility, sustainability and transparent disclosure exists, the integrated report improves corporate disclosure and acts as a driver for stakeholders’ dialogue and stakeholders’ commitment.