Business Publications

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Accounting, Auditing and Accountability Journal


Purpose: This paper analyzes the process through which an IIRC (International Integrated Reporting Council) pilot company adopted “integrated reporting” (IR), a management innovation that merges financial and non-financial reporting.

Design/methodology/approach: We use a seven-year longitudinal ethnographic study based on semi-structured interviews, observations, and documentary evidence to analyze this multinational company’s IR adoption process from its decision to become an IIRC pilot organization to the publication of its first integrated report.

Findings: We demonstrate that the company envisioned IR as a “rational myth” (Hatchuel, 1998; Hatchuel and Weil, 1992). This conceptualization acted as a springboard for IR adoption, with the mythical dimension residing in the promise that IR had the potential to portray global performance in light of the company’s own foundational myth. The company challenged the vision of IR suggested by the IIRC to stay true to its conceptualization of IR and eventually chose to implement its own version of an integrated report.

Originality/value: We enrich previous research on integrated reporting and management innovations by showing how important it is for organizations to acknowledge the mythical dimension of the management innovations they pursue to support their adoption processes. Based on these findings, we argue that myths can play a productive role in transforming business (reporting) practices. We also identify some transition conditions that make this transformation possible and discuss the implications of these results for the future of IR, sustainability and accounting more broadly.


This document is a pre-print of a manuscript accepted for publication in Accounting, Auditing and Accountability Journal, November 2017.

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