Description of variables used
| Variable(s) | Symbols | Operationalization | Source |
|---|---|---|---|
| Dependent variable | |||
| Integrated reporting practices | IRP | We measured IRP using the scoring scale of 0–4 | Annual report and corporate website |
| Independent variable | |||
| Corporate governance | |||
| Board size | BSIZE | Number of directors on the board | Annual report and corporate website |
| Board independence | BINDP | The proportion of independent directors represented on the board | Annual report and corporate website |
| Board gender diversity | BGDIV | The proportion of female directors on the board | Annual report and corporate website |
| Board expertise | BEXP | No. of members with experience greater than 5 years | Annual report and corporate website |
| Audit committee size | ACSIZE | Number of members on the board of audit committee | Annual report and corporate website |
| Audit committee independence | ACINDP | Independent directors represented on the committee | Annual report and corporate website |
| Audit committee financial expertise | ACFE | No. of members with experience greater than five years | Annual report and corporate website |
| Audit committee meeting | ACMEET | Number of meetings held in a year | Annual report and corporate website |
| Control variables | |||
| Leverage | LEV | Long term debt/book value of equity | Annual report and corporate website |
| Industry | IND | Nonsensitive sectors = 0, sensitive sectors = 1 | Annual report and corporate website |
| Firm size | FSIZE | Natural log of firm’s total assets | Annual report and corporate website |
| Firm age | FAGE | Number of listed years | Annual report and corporate website |
| Variable(s) | Symbols | Operationalization | Source |
|---|---|---|---|
| Integrated reporting practices | IRP | We measured IRP using the scoring scale of 0–4 | Annual report and corporate website |
| Board size | BSIZE | Number of directors on the board | Annual report and corporate website |
| Board independence | BINDP | The proportion of independent directors represented on the board | Annual report and corporate website |
| Board gender diversity | BGDIV | The proportion of female directors on the board | Annual report and corporate website |
| Board expertise | BEXP | No. of members with experience greater than 5 years | Annual report and corporate website |
| Audit committee size | ACSIZE | Number of members on the board of audit committee | Annual report and corporate website |
| Audit committee independence | ACINDP | Independent directors represented on the committee | Annual report and corporate website |
| Audit committee financial expertise | ACFE | No. of members with experience greater than five years | Annual report and corporate website |
| Audit committee meeting | ACMEET | Number of meetings held in a year | Annual report and corporate website |
| Leverage | LEV | Long term debt/book value of equity | Annual report and corporate website |
| Industry | IND | Nonsensitive sectors = 0, sensitive sectors = 1 | Annual report and corporate website |
| Firm size | FSIZE | Natural log of firm’s total assets | Annual report and corporate website |
| Firm age | FAGE | Number of listed years | Annual report and corporate website |
Source(s): Compiled by author
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