Note(s): BSIZE defines the size of the board; IRP reflects the integrated reporting practices (i.e. scale factor 0–4) of the firm in period t; BINDP stands for “board independence,” BGDIV stands for “board gender diversity,” BEXP stands for “board expertise,” ACSIZE stands for “audit committee size,” ACINDP stands for “audit committee independence,” ACEXP stands for “audit committee experience,” ACMEET stands for “audit meeting,” LEV is the “firm’s leverage,” FAGE is the “firm’s age,” FSIZE is for “firm size” and IND is “industry type”