Table 7

Avenues for future research

Research dimensionPromising research directions
Object of investigationLess investigated IM strategies
Clearer interpretation of the association between IM and performance, considering ways to assess the deceptive intent behind IM
IM effects on different corporate audiences
Research methodEthnography and field studies on the phase of “message preparation”
Qualitative methods to examine the reactions to IM within the real-world contexts of corporate reporting recipients
Types of reporting and documentsFinancial reporting: IM in footnotes and other sections of the annual report, links between compliance and IM
Sustainability reporting: IM in mandatory disclosures following the adoption of new sustainability standards
Relationship between IM in financial and sustainability reporting
Nature of the data employedSingle-country studies beyond the Anglo-Saxon contexts
Cross-country analyses
Longitudinal studies considering cyclical trends, external shocks

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