Integrated Reporting Quality under Mandatory Disclosure: Evidence from Chile

Abstract

This study evaluates the quality of integrated reports under mandatory disclosure since 2022, analyzing 290 reports from large and medium-sized firms (2022-2023) across six factors: report structure, strategy, materiality, external environment, governance, and performance. Findings reveal moderate compliance, with strengths in materiality (67.9%) but critical gaps in connectivity between financial results and other capitals (15.2%) and performance (43.2%), hindering value creation integration. Sectoral disparities show that regulated industries excel, while services and healthcare lag. Mediumsized firms face additional challenges due to resource constraints and regulatory adaptation. The study highlights challenges in aligning strategy
with metrics, offering recommendations for improved integration, training, and regulatory oversight. It contributes empirically to integrated reporting
literature, reinforcing its role in transparency, sustainability, and stakeholder trust.