won the title of the “Best Integrated Report” in Asia in the financial service category. Surprisingly, one year later, International Integrated Reporting Council (IIRC) announced that the annual report of 2016 published by Bangladesh-based leasing company IDLC Finance Ltd. The momentum accelerated in 2015 when the Institute of Chartered Accountants of Bangladesh (ICAB), the national accounting and auditing standards-setting body, circulated a disclosure checklist following the International Integrated Reporting Framework (IIRF). Bangladesh experienced the emergence of IR when some banks listed in the Dhaka Stock Exchange (DSE) applied the IR framework voluntarily in 2013. Primary incentives behind this research's undertaking are the vacuum of scholarly research in IR in the context of Bangladesh and the presence of a unique institutional setting. It is necessary to determine whether firm performance has any relationship with the IR disclosure in such voluntary disclosure regimes. However, the adoption of IR in a developing country characterized by a voluntary disclosure regime is still in a primitive stage. With the practice of IR gaining some traction, we are now facing a point where critical reflections on this reporting framework will be a timely intervention. These studies suggest using multiple theoretical perspectives to understand better corporate reporting practices ( Vitolla et al., 2019 Ahmed and Hossain, 2016). However, recent studies question the IR practices, whether it enhances the annual reports' substance or acts merely as a form of impression management technique ( Brown and Dillard, 2014). IR is considered to be a new form of corporate reporting where the short-term focus of value creation for the shareholders is shifted toward the long-term value creation encompassing all the stakeholders of the society while supporting the managers to take decisions prudently and fostering an inclusive organizational culture ( Eccles and Kiron, 2012 IIRC, 2013 De Villiers et al., 2014 Hossain et al., 2016 Ahmed and Anifowose 2017). From a different angle, IR could be seen as a move away from the profound teleological concentration of profit or shareholder value maximization. More interestingly, IR has gained significant attention from the C-suite managers of progressive companies worldwide ( Kassai and Carvalho 2016). Integrated reporting (IR) as a concept, a practice and an object of research endeavors has grown significantly over the last decade ( Rinaldi et al., 2018).
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