Within the extensive literature investigating the impacts of corporate disclosure in supporting
the sustainable growth of an organization, few studies have included in the analysis the
materiality issue referred to the information being disclosed. This article aims to address this
gap, exploring the effect produced on capital markets by the publication of a recent
corporate reporting tool, Integrated Report (IR). The features of this tool are that it aims to
represent the multidimensional impact of the organization's activity and assumes materiality …