Corporate reporting further develops towards integrating separate financial and non-financial reports into a single corporate report. The introduction of the Integrated Reporting (IR) framework represents a major milestone in this development. This study examines the investors' perceptions of...

Firms can disclose social information via different channels such as SEC filings, stand-alone sustainability reports, or financial reports. Based on the notion that investors interpret such disclosures from a risk perspective, we analyse how disclosure via each of the three channels relates to...