Babatunde Ayodeji Owolabi

The introduction of integrated reporting aims to solve the drawbacks of corporate reporting practices and make companies accountable to their immediate environment, including other stakeholders affected by company operations in generating returns to investors. This study investigated whether there is a statistically significant relationship between integrated reporting and investor returns. Ex post facto research design was used. Ten (10) Deposit Money Banks were sampled using a purposive sampling technique. Data were extracted from the annual reports of the selected banks, and the unweighted method of content analysis was used to extract integrated reporting data with the checklist from the International Integrated Reporting Framework (IIRF, 2021). The integrated reporting disclosure index was used as a proxy for integrated reporting. Proxies used for investor returns are the price-earnings ratio, dividend per share, and market price per share. The results indicate that the integrated reporting disclosure index is positively related with the price-earnings ratio, dividend per share and market price per share, with coefficients of 56.3403, 1.5240 and 16.6122, respectively, for the three (3) models. This implies that an increase in practicing integrated reporting will increase market price per share, dividend per share and price-earnings ratio. Likewise, the integrated reporting disclosure index has a significant effect on dividend per share and price-earnings ratio with p-values 0.000 and 0.001, respectively. However, the disclosure index has an insignificant effect on market price per share, with a p-value 0.184. This study concluded there is a statistically significant relationship between integrated reporting and investor returns.

Acknowledgment
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Integrating reporting strives to address issues with corporate reporting procedures and hold businesses responsible for their local surroundings, as well as additional stakeholders impacted by their operations in producing returns for investors. This study employed Nigerian deposit money banks to examine whether investor returns with profit after tax and integrated reporting are statistically and significantly related. Ex post facto research methodology was applied. Purposive sampling was used to sample ten Nigerian deposit money banks. Data were taken from the annual reports of the chosen banks. The international integrated reporting framework of 2021 checklist was utilized to extract integrated reporting data using the unweighted content analysis method. The integrated reporting disclosure index was used as a proxy for integrated reporting. Market price per share, dividend per share, and price-earnings ratio were used as proxies for investor returns. Profit after tax was used as a moderating variable. The results indicate that with the moderating variable, which is Profit after tax, integrated reporting and price-earnings ratio are related to coefficients of 9.9585. Integrated reporting and dividend per share are related to coefficients of 3.151612. Integrated reporting and market price per share are related to coefficients of 36.7535. Dividend per share and integrated reporting disclosure are significantly related to p-values of 0.001. Market price per share and integrated reporting disclosure are significantly related to p-values of 0.002. This study concluded that integrated reporting and investor returns are statistically and significantly related to the moderating role of Profit after tax of Nigerian deposit money banks.

Acknowledgment
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