ABSTRACT
The International Integrated Reporting Framework (IIRC Framework) of the International Integrated Reporting Council (IIRC) has determined that the objective of integrated reporting is twofold: improved information for outside providers of financial capital and better internal decision-making by management. We refer to the first objective as the capital market channel of the benefits of integrated reporting and the second objective as the real effects channel. We review the literature using archival research methods to determine the extent of evidence supporting the dual objective of integrated reporting. Overall, additional academic research on both channels will be useful to standard setters, regulators, managers, and users of corporate reports in evaluating the benefits of integrated reporting.
