International Accounting

The concept of capital multiplicity in integrated reporting

Vol. 21, Iss. 6, JUNE 2018

Received: 8 May 2018

Received in revised form: 21 May 2018

Accepted: 4 June 2018

Available online: 15 June 2018


JEL Classification: M40, М41

Pages: 700–713

Malinovskaya N.V. Peoples' Friendship University of Russia, Moscow, Russian Federation

Importance Implementation of the integrated reporting concept requires terminological certainty of the conceptual framework used in it. This is necessary for stakeholders to interpret the information presented in the integrated report correctly. The article focuses on the issue of determining types of capital and defining them for integrated reporting purposes.
Objectives The research attempts to justify the use of a single approach to classifying and defining types of capital in order to compile the homogeneous information in the integrated report by analyzing approaches to determining capital categories and defining its types.
Methods The research relies upon analysis, synthesis, generalization, abstraction.
Results The article presents the outcome of the research into the way information on capital types is formed in the integrated reports of the Russian companies. To implement the concept of capital multiplicity, I provide the rationale for disclosing six types of capital in the integrated report and using the extensible business reporting language (XBRL). The proposed approach differs from the approach set out in the International Framework for Integrated Reporting. I systematize some approaches to defining certain types of capital and specify the concepts Production Capital and Intellectual Capital.
Conclusions The proposals pursue better disclosure of capital types used and influenced by business entities and standardization of the way stakeholders interpret the information.

Keywords: integrated reporting, capital multiplicity concept, intellectual capital, production capital


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