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Economic Analysis: Theory and Practice
 

Integrated reporting as a determinant of changing the targets of economic analysis of sustainable development in the face of challenges

Vol. 20, Iss. 12, DECEMBER 2021

Received: 22 November 2021

Received in revised form: 28 November 2021

Accepted: 10 December 2021

Available online: 27 December 2021

Subject Heading: THEORY OF ECONOMIC ANALYSIS

JEL Classification: B52, D81, М48, O12

Pages: 2210–2232

https://doi.org/10.24891/ea.20.12.2210

Nadezhda E. BABICHEVA Voronezh State University (VSU), Voronezh, Russian Federation
sigaeva@mail.ru

https://orcid.org/0000-0003-1933-1558

Sergei A. SEMKIN OOO SBS Consulting Group, Lipetsk Oblast, Yasnaya Polyana, Russian Federation
syomkin-sergey@mail.ru

ORCID id: not available

Subject. The article deals with the revision of targets in the economic analysis, enabling timely identification of factors of value creation, and considering the influence of the interests of stakeholders.
Objectives. The purpose is to identify targets of economic analysis in connection with changes in information requests of stakeholders and requirements for corporate reporting, concerning the disclosure of opportunities for sustainable development in the context of challenges.
Methods. We performed a content analysis of changes in information requests of stakeholders and requirements for the composition and content of types of corporate reporting. The study employs methods of systems, comparative, structural, and logical analysis.
Results. The demonstration of excellence by management and investors in understanding the values and the best ways to achieve goals creates threats, and, by definition, is a challenge that should be reflected in integrated reporting. The system of indicators and methods of analysis should be aimed at identifying conflicts and take into account the interests of stakeholders, which will ensure the balance of resources used in creating value.
Conclusions. The determinant of the development of corporate reporting is integration, in which a significant amount of information should contain estimated parameters of economic, social and environmental problems and threats specific to major challenges. It will ensure the most effective interaction of stakeholders in managing corporate risks associated with all types of capital. Such disclosure will lead to a synergistic effect in making strategic decisions on sustainable development.

Keywords: reporting, targets, economic analysis, company value, stakeholders

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