Constructing the convenient stakeholder in ‘best practice’ integrated reporting

Stenka, R. ORCID: https://orcid.org/0000-0003-3103-2307, Parlakkaya, E. ORCID: https://orcid.org/0009-0009-0765-9493 and Georgiou, O. (2026) Constructing the convenient stakeholder in ‘best practice’ integrated reporting. Accounting and Business Research. ISSN 2159-4260 doi: 10.1080/00014788.2026.2672412 (In Press)

Abstract/Summary

Integrated Reporting (IR) is a globally adopted framework, yet little is known about the actual reporting practices it entails. To address the ongoing tension over whether IR genuinely adopts a broader, more inclusive stakeholder orientation or remains primarily, or even exclusively, shareholder-focused, we examine how stakeholders in general, and shareholders in particular, are discursively constructed in best practice integrated reports. We use transitivity analysis, operationalised through Corpus Linguistics (CL) tools, to examine how grammatical and lexical choices construct meaning by revealing who is represented as ‘acting’, or ‘being acted upon’, in the text. We find that stakeholders are portrayed as passive, in need of guidance, yet also appreciative of corporate actions, while shareholders are presented as rights-bearing, and influential. We argue that this convenient construction allows companies to appear responsive to stakeholders while maintaining a primary focus on shareholders, thereby further reinforcing the financialisation of sustainability.

Item Type	Article
URI	https://centaur.reading.ac.uk/id/eprint/129970
Identification Number/DOI	10.1080/00014788.2026.2672412
Refereed	Yes
Divisions	Henley Business School > Finance and Accounting
Publisher	Routledge
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