Origin, Growth and recent Development of Integrated Reporting (IR): A theoretical Review

The global financial crisis and its negative effects on the economy increased the demand for transparency in corporate reporting. Integrated Reporting (IR) is a method that combines financial and non-financial information into a single, clear report. It explains how an organization creates value over time. This method goes beyond traditional financial reporting by including environmental, social, governance, and other factors like human, intellectual, and natural resources that affect sustainable value creation. The purpose of this paper is to present an overview of the origins, development, and recent trends in integrated reporting. It also looks at the spread of its innovative theoretical foundations, including institutional theory, legitimacy theory, stakeholder theory, and shareholder theory. Over the past ten years, researchers have studied the growth of integrated reporting through published works, sharing their views and insights. These contributions can help future researchers develop a clear understanding of integrated reporting. This study summarizes various researchers' viewpoints and contributions to the growth of integrated reporting in an organized way.