Analysis of the relationship between integrated reporting compliance and intellectual added value within sustainability framework: An application in BIST Sustainability Index

The concept of sustainability, which is frequently on the agenda today, has shed light on the concepts of integrated reporting and intellectual capital. Businesses have taken into account non-financial capital elements as well as financial capital in the creation and implementation of their strategies. Non-financial assets are called intellectual capital. In order to reveal the real value created in businesses, intellectual capital must also be calculated in addition to financial assets. However, the value created by the business is also expected to be reported. One of the reporting tools used to report the value created by the business as a whole is integrated reporting. The main purpose of conducting the research is to examine the relationship between businesses' predisposition to integrated reporting and their intellectual capital, which is called non-financial assets. Intellectual capital coefficients were calculated using the Ante Pulic method, using the reports published by 53 businesses in the BIST Sustainability Index for 2021. The integrated reporting compliance scores of these enterprises were evaluated by examining the reports published by the enterprise with dummy variables based on the 39 content elements in Annex-2. The relationship between the intellectual capital coefficient elements found as a result of the calculations and the integrated reporting compliance score was subjected to correlation analysis with the help of SPSS 27 program. As a result of the analysis, it was determined that there was a positive and significant relationship between the intellectual value added coefficient elements and integrated reporting compliance.