The linkage between business model reporting and risk reporting

RESEARCH PROJECT

The linkage between business model reporting and risk reporting

The aim of the project is to assess whether companies are integrating risk reporting and business model reporting as postulated by non-financial regulations and the consequences of such disclosures.

Authors:

Chiara Crovini (Aalborg University), Francesco Giunta (University of Florence), Christian Nielsen (Aalborg University), Lorenzo Simoni (University of Genoa)

Publications:

Crovini, C., Giunta, F., Nielsen, C., Simoni, L. (forthcoming). Do companies disclose relevant information about intangibles? Insights from business model reporting and risk reporting. The Institute of Chartered Accountants of Scotland (ICAS), Edinbrugh.

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Laura Bini is Associate Professor in Accounting at the University of Florence. She obtained an MSc in Accounting in 2004 and a Ph.D. in Business Administration and Management from the University of Florence in 2010. She was a visiting student at the Manchester Business School. Her main research interests are in the area of non-financial disclosure. Since her Ph.D. thesis, she has dealt with qualitative aspects of non-financial disclosure, including impression management. She has also examined the regulation of narrative disclosure in annual reports, focusing on intellectual capital disclosure, business model disclosure and sustainability disclosure.

Francesco Giunta is a full professor of Financial Accounting at the University of Florence, School of Economics and Management. He is a board member of the Italian Academy of Business Administration and Management (AIDEA) and a member of the Executive Committee of the International Association for Accounting Education (IAEER). Francesco is also affiliated with the Italian Society of Business Administration Educators (SIDREA), European Accounting Association (EAA). Francesco served as a Head of the Management and Accounting Department at the University of Florence (2004-2009) and as a Dean of the School of Economics and Management (2009-2013) at the same University. He is still a member of the Academic Senate of the University of Florence. Francesco taught in several Italian Universities (Unical, L’Aquila, Luiss-Rome) and has been visiting scholar at Higher School of Economics (Nizhny Novgorod-Russia), Roma Tor Vergata, Napoli Federico II, Pisa, Bologna, Viterbo. Research interests are in the areas of international accounting and financial statement analysis. He has published several books and numerous articles on these topics in Italian and international journals (Journal of Applied Accounting Research, Advances in Accounting, International Journal of Business and Economics, PSL Quarterly Review).

Francesco also directed a few national research projects in Italy and presented research papers at many international seminars and conferences. He also is editor-in-chief of Accounting & Business Studies (a series of research monographs published by Franco Angeli), associate editor of Financial Reporting Journal, and a member of the scientific committee of other Italian and foreign journals.

Lorenzo Simoni is Assistant Professor of Accounting at the Department of Economics and Business Studies at University of Genoa (Italy). He has also been an adjunct faculty member at University of Florence (Italy) and at Aarhus University (Denmark). His interests are in the field of financial and non-financial reporting, including on business model reporting, risk reporting, key performance indicators (KPIs), sustainability reporting, earnings management, accounting choices, accounting treatment of intangible assets, with a focus on goodwill, and early distress prediction. He has obtained two grants by the Institute of Chartered Accountants of Scotland (ICAS) to investigate the relationship between business model reporting and KPI disclosure and to examine the relationship between business model reporting and risk reporting. The latter project has been co-founded by the European Financial Reporting Advisory Group (EFRAG). Recently, Lorenzo has established industry collaborations in the field of early distress prediction using artificial intelligence.

Rebecca Miccini is Research Fellow at the Department of Economics and Business Studies at the University of Genoa (Italy) and adjunct lecturer at the University of Florence (Italy). Her research interests are centered around financial and non-financial reporting. Specifically, her main research areas are non-financial disclosure, disclosure quality, business model reporting, Key Performance Indicators (non-GAAP and non-financial), and the assurance process of non-financial information. Recently, she has been working on a project devoted to the disposal of courts’ backlog and to the cost analysis of this process, in order to even shed some light on courts’ reporting systems.

Chiara Crovini (Ph.D.) is Assistant Professor in Accounting at Aalborg University Business School. She obtained her Ph.D. in Business and Management at the University of Torino (Italy). Her main research interests are risk management, risk reporting, business model reporting, intellectual capital, and the accounting profession. At AAUBS, she teaches International Accounting, Financial statement analysis, Risk management, and Sustainability reporting, and she supervises many group projects in various courses.

Edoardo Nesi is a PhD Student in Business Administration and Management at the University of Pisa. He has a Bachelor’s Degree in Economics (2016) and a Master’s degree in Accounting (2019); he is also a certified public accountant. From 2019 to 2021, Edoardo worked in PwC and Studio Pirola, two of the most important consultancy firms in Italy. This experience has allowed him to improve his professional and relational skills. In November 2021, he started his PhD program. Main research interests concern corporate voluntary disclosure and how that affects shareholder’s expectations. He is also interested in Financial Statements Analysis and corporate taxation.