Information Need for Corporate Stakeholders: An Analytical Review

Abstract

The purpose of this paper is to find out diversity of corporate information reporting, trend of its development and stakeholders’ requirements for different categories of information disclosures. In this paper, different types of stakeholders and their information requirements have been examined. By reviewing prior literatures, particular category of information disclosures needed for specific group of corporate stakeholders has been identified. The discussion of this paper can raise a question of credibility for recent corporate reporting practice since any annual report ignores stakeholders’ demands on particular category of information, more specifically, a category of nonfinancial information materials. It can be agreed by reviewing prior literatures that integrated reporting has developed when conventional accounting has failed to serve stakeholders’ needs. Consequently, nonfinancial information is needed to be disclosed along with financial information under integrated reporting concept. The implications of this paper are building awareness to the corporate entities for disclosing necessary information demanded by their stakeholders and making consciousness of the corporate stakeholders to raise their voices in favour of their demands for any particular category of information disclosures.

Keywords: Corporate Disclosures, Corporate Stakeholders, Nonfinancial Information