The Chartered Institute of Management Accountants (CIMA) is celebrating the publication of the first Research Executive Summary published through its Southern Africa Centre of Excellence (CoE).
Elmar Venter, An associate professor from the University of Pretoria is one of the grant recipients through the CoE. His research titled: Early evidence on the economic consequences associated with Integrated Report Quality has gained international traction and exposure. He was given a grant of R50 000 in 2015 to expedite research which set about collaborating with colleagues at the University of Auckland and Stanford Business School including Professor Mary Barth, a highly acclaimed academic to explore whether there is a positive association between integrated report quality and both stock liquidity and firm value.
The study was motivated by the recent focus on sustainable capitalism and the global interest shown by firms, investors and regulators in the work of the International Integrated Reporting Council (IIRC). Using data from South Africa, where integrated reporting is mandated, the report uses a measure of integrated report quality (IRQ) to determine a positive link between IRQ, stock liquidity and firm value.
The report which is in the final stages of submission to an academic journal, has been received well at several high profile conferences. The Executive Summary was included in delegate packs at the 2016 Practicing Integrated Thinking and Reporting Conference in Rome on 17 November. This conference was sponsored by CIMA alongside KPMG, Barclays and Liberty, and was attended by in excess of 250 delegates.
The CIMA CoE enables academics in Southern Africa to engage in innovative research undertaken in and of benefit to the region. Through collaboration with universities, the public sector and key industry players, the platform ensures that the areas of research and related outputs are market driven and pertinent, most importantly, in line with CIMA’s research agenda. Outputs include research reports and cutting edge tools and techniques that will address issues raised by the industry. These solutions will be vital in guiding critical business decisions and driving strong performance in financial and operational reality thereby increasing awareness of the benefits of using management accounting tools and concepts to gain a competitive edge.
The grant awards are decided by a panel of academic experts who devote their time ‘pro bono’ to CIMA. For more information email: [email protected]. Applications for 2018 grants will be open from 1 December 2016 and close on 18 August 2017.