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Corporate narrative reporting on Industry 4.0 technologies: does governance matter?

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Název: Corporate narrative reporting on Industry 4.0 technologies: does governance matter?
Autoři: K Hussainey, K Albitar, Fadi Alkaraan
Zdroj: International Journal of Accounting & Information Management. 30:457-476
Informace o vydavateli: Emerald, 2022.
Rok vydání: 2022
Témata: N211 - Strategic management, N340 Financial Management, Corporate governance, N200 - Management studies, N211 Strategic Management, 9. Industry and infrastructure, 05 social sciences, Business model transformation, AQ: 6 Narrative reporting, Industry 4.0, Strategic Investment Decision-Making, N400 - Accounting, 0502 economics and business, N400 Accounting, UK, N340 - Financial management, Content analysis, N200 Management studies
Popis: Purpose This paper aims to provide early evidence on corporate transformation towards Industry 4.0 (CTTI4) in the UK, particularly by examining the effect of corporate governance on the narrative reporting of CTTI4. Design/methodology/approach The authors analyse all UK financial times stock exchange all-share non-financial firms that have published their annual reports for the period of 2013–2018. The authors use computerised textual analysis to measure the level of corporate reporting on Industry 4.0 (I4.0) for 1,001 firm-year observations. The authors used different regression models to test the research hypotheses. Findings The findings contribute to the growing literature on business model transformation in UK companies towards the I4.0 strategy. The findings show that the level of reporting on CTTI4 is improving over the sample period and varies between industries. The authors also find that better governance quality enhances the level of reporting on CTTI4. Practical implications The findings of this study inform decision makers and regulators about factors driving UK companies to report information about their actionable strategies to direct I4.0 endeavours. Originality/value The paper makes an important and novel contribution to corporate disclosure literature. So far as the authors know, it is the only paper to examine the impact of corporate governance on corporate narrative reporting on I4.0 technologies. Moreover, to the best of the authors’ knowledge, it is the first paper to show that the quality of corporate governance adds value to this strategic type of corporate disclosure.
Druh dokumentu: Article
Popis souboru: application/pdf
Jazyk: English
ISSN: 1834-7649
DOI: 10.1108/ijaim-02-2022-0024
Rights: Emerald Insight Site Policies
CC BY
Přístupové číslo: edsair.doi.dedup.....5fe1ab887b724e6178149acd5b4146ea
Databáze: OpenAIRE
Popis
Abstrakt:Purpose This paper aims to provide early evidence on corporate transformation towards Industry 4.0 (CTTI4) in the UK, particularly by examining the effect of corporate governance on the narrative reporting of CTTI4. Design/methodology/approach The authors analyse all UK financial times stock exchange all-share non-financial firms that have published their annual reports for the period of 2013–2018. The authors use computerised textual analysis to measure the level of corporate reporting on Industry 4.0 (I4.0) for 1,001 firm-year observations. The authors used different regression models to test the research hypotheses. Findings The findings contribute to the growing literature on business model transformation in UK companies towards the I4.0 strategy. The findings show that the level of reporting on CTTI4 is improving over the sample period and varies between industries. The authors also find that better governance quality enhances the level of reporting on CTTI4. Practical implications The findings of this study inform decision makers and regulators about factors driving UK companies to report information about their actionable strategies to direct I4.0 endeavours. Originality/value The paper makes an important and novel contribution to corporate disclosure literature. So far as the authors know, it is the only paper to examine the impact of corporate governance on corporate narrative reporting on I4.0 technologies. Moreover, to the best of the authors’ knowledge, it is the first paper to show that the quality of corporate governance adds value to this strategic type of corporate disclosure.
ISSN:18347649
DOI:10.1108/ijaim-02-2022-0024