Factors Influencing Companies to Engage in Voluntary Internet Financial Reporting: A Review
Abstract
This paper aimed to survey the accounting literature for the supporting factors of voluntary internet financial reporting by corporations. It is generally and widely believed that the Internet may encourage companies to disclose more information and to develop websites for that purpose. However, these tendencies are limited by many concerns on the part of companies and users of companies’ financial information. Thus, this study surveys the literature for the studies that may fall under any of the two categories. However, Studies that come under the first category have identified various factors that support voluntary internet financial disclosure. These include timeliness and updatability, cost savings, presentation flexibility and feedback, widening information provision among many others. The other category of those studies identified discouraging factors of internet financial reporting that include boarder problem, information overload, reliability, integrity, confidentiality of disclosed data, lack of regulations, access problems among other hampering factors.
References
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(31) Momany,M.T and Al-Shorman,S.A.(2006), “Web-Based Voluntary Financial Reporting of Jordanian Companies”, International Review of Business Research Papers ,2 (2 ), 127 - 139
(32) Moradi, M., Salehi, M. & Arianpoor, A. (2011), “A Study of the Reasons for Shortcomings in Establishment of Internet Financial Reporting in Iran”, African Journal of Business Management, 5(8), 3312-3321.
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(34) Oyelere, P., F. Laswad, and R. Fisher. (2003), “Determinants of Internet financial reporting by New Zealand companies”, Journal of International Financial Management and Accounting 14 (1), 26-63.
(35) Rowbottom, N., Allam, A. & Lymer, A. (2005), “An exploration of the potential for studying the usage of investor relations information through the analysis of web server logs”, International Journal of Accounting Information Systems, 2,31-53.
(36) Sanchez, I.- M. G., Dominguez, L. R. & Alvarez, I. G. (2011), “Corporate Governance and Strategic Information on the Internet”, Accounting, Auditing & Accountability Journal, 24(4), 471-501
(37) Sortur, S.,2006, “Financial Reporting On Internet”, The Chartered Accountant January 2006
(38) Trites, G. (1999), “The Impact of Technology on Financial and Business Reporting”, CICA,Toronto, ON: Canadian Institute of Chartered Accountants.
(39) Trites, G. and D. Sheehy (1997), Electronic Disclosure Making a hit on the Net”, CA Magazine, March, 10.
(40) Wagenhofer, Alfred (2003), “Economic Consequences of Internet Financial Reporting”, Schmalenbach Business Review, 55, PP 262-279
(41) Xiao, J., Jones, M., Lymer, A. (2002), “Immediate Trends in Internet Financial Reporting”, European Accounting Review, 11 (2), 245-275.
(42) Xiao, J., Jones, M., Lymer, A. (2002), “Peering into the future: financial reporting on the Internet by 2010”, Centre for Business Performance, London
(2) Abu Al-Azm, F. (2001), “Credibility of financial reporting on the Internet and Auditor responsibility”, Accountancy Research, 5(l): 1-22.
(3) Adams, C. and Frost, G. (2003), “Stakeholders Engagement Strategies: Possibilities for the Internet”, The Institute of Chartered Accountants of Scotland.
(4) Khan, Ali, M. N. A., & Ismail, N. A. Ismail(2012a), “Users’ Perceptions of Various Aspects of Malaysian Internet Financial Reporting”, Journal of Organizational Management Studies Vol. 2012 (2012)
(5) Ali Khan, M. N. A., & Ismail, N. A. Ismail(2012b), “Users’ Perceptions of Various Aspects of Malaysian Internet Financial Reporting”, Journal of Organizational Management Studies Vol. 2012 (2012)
(6) Ashbaugh, H., Johnston, K. M., and Warfield, T. D. (1999), “Corporate Reporting on the Internet”, Accounting Horizons, 13 (3), 241-258.
(7) Bonson-Ponte, E., Escobar-Rodriguez, T. & Flores-Munoz, F. (2006), “Online
Transparency of Banking Sector”, Online Information Review, 30(6), 714-730.
(8) Boubaker, S., Lakhal, F., & Nekhili, M., 2012, “The Determinants of Web-Based Corporate Reporting in France”, Managerial Auditing Journal, 27(2), 126-155.
(9) Craven, B. M. & Marston, C. L. (1999), “Financial Reporting on the Internet by Leading UK Companies,” The European Accounting Review, 8(2), 321-333.
(10) Debreceny, R., Gray, G. L. & Mock, J.T. (2001), “Financial Reporting Web Sites: What Users Want in Terms of Forms and Content”, The International Journal of Digital Accounting Research 1(1) 1-23
(11) Ettredge, M., V. J. Richardson, and S. Scholz (2001), “An emerging model of Website design for financial disclosures”, Communications of the ACM, 44 (11), 51-55.
(12) Ettredge, M., V. J. Richardson, and S. Scholz (2002), “Dissemination of information for investors at corporate Websites,” Journal of Accounting and Public Policy, 21(2), 357-369.
(13) Financial Accounting Standards Board (FASB) (2000), “Business Reporting Research Project: Electronic Distribution of Business Reporting, Steering Committee Report Series”, website: www. fasb. org.
(14) Fisher, R., P. Oyelere, and-F. Laswad (2004), “Corporate reporting on the Internet: Audit issues and content analysis of practices”, Managerial Auditing Journal 19 (3), 412-440.
(15) Flynn, G. and Gowthrope, C. (1997), “Volunteering data on the World Wide Web. A study of financial reporting from stakeholder perspective”, Paper presented at the first Financial Reporting and Business Communication Conference, Cardiff, July 3-4.
(16) Gowthorpe, C. and Amat, 0. (1999), “External reporting of accounting and financial information via the Internet in Spain”, The European Accounting Review, 8(2), 365-371.
(17) Gowthorpe, C. (2004), “Asymmetrical dialogue? Corporate financial reporting via the Internet, Corporate Communications”, An International Journal, 9(4), 283-293
(18) Hassan, S., Jaaffar, N., Johi, S. K. & Mat Zain, M. N. (1999), “Financial reporting on the internet by Malaysian companies: Perceptions and Practices, Asia-Pacific”, Journal of Accounting, 6(2), 299-319.
(19) Hedlin, P. (1999), “The Internet as a vehicle for investor relation: Swedish case”, The European Accounting Review, 8(2), 373-381.
(20) Hindi, N. M. & Rich, J. (2010), “Financial Reporting on the Internet: Evidence from the Fortune 100”, Management AccountingQuarterly, 11(2), 11-21.
(21) IFAC. (2003), Rebuilding Public Confidence in Financial Reporting: An International Perspective”, Presented at the Second Taipei Corporate Governance Forum, Taipei, China.
(22) Jones, M. and Lymer, A. (2002), “Immediate trends in Internet reporting”, The European Accounting Review, 11(2), pp. 245-275.
(23) Kelton, A. S. & Yang, Y. (2008), “The impact of corporate governance on Internet financial reporting”, Journal of Accounting and Public Policy, 27(l), 62-87.
(24) Khadaroo, I. (2005), “Corporate reporting on the internet: some implications for the auditing profession”, Managerial Auditing Journal, 20(6), 578-591.
(25) Liu, L.G. (2000), “the emergence of business information resources and services on the internet and its impact on business librarianship”, On line Information Review, 24(3), 234-255
(26) Lybaert, N. (2002), “On-Line Financial Reporting: An Analysis of the Dutch Listed Firms”, The International Journal of Digital Accounting Research,2(4),195-234
(27) Lymer, A. (1999), “The Internet and the future of corporate reporting in Europe”, European Accounting Review, 8 (2), 289-301.
(28) Lymer, A. (1997), “The use of the Internet in company reporting: A survey and Commentary on the use of the WWW in Corporate Reporting in the UK”, Paper presented at the 1997 BAA National Conference, March 21-25 1997, Birmingham.
(29) Lymer, A., Debreceny, R., Gray, G. L. and Rahman, A. (1999), “Business Reporting on the Internet, London”, International Accounting Standards Committee.
(30) Marston, C. and Leow, C. Y. (1998), “Financial Reporting on the Internet by leading UK Companies”, A Paper Presented at the 215' Annual Congress of the EAA, Antwerp, Belgium.
(31) Momany,M.T and Al-Shorman,S.A.(2006), “Web-Based Voluntary Financial Reporting of Jordanian Companies”, International Review of Business Research Papers ,2 (2 ), 127 - 139
(32) Moradi, M., Salehi, M. & Arianpoor, A. (2011), “A Study of the Reasons for Shortcomings in Establishment of Internet Financial Reporting in Iran”, African Journal of Business Management, 5(8), 3312-3321.
(33) Mueller, G. k. (2000), “International Accounting”, Eighth Edition. New York.
(34) Oyelere, P., F. Laswad, and R. Fisher. (2003), “Determinants of Internet financial reporting by New Zealand companies”, Journal of International Financial Management and Accounting 14 (1), 26-63.
(35) Rowbottom, N., Allam, A. & Lymer, A. (2005), “An exploration of the potential for studying the usage of investor relations information through the analysis of web server logs”, International Journal of Accounting Information Systems, 2,31-53.
(36) Sanchez, I.- M. G., Dominguez, L. R. & Alvarez, I. G. (2011), “Corporate Governance and Strategic Information on the Internet”, Accounting, Auditing & Accountability Journal, 24(4), 471-501
(37) Sortur, S.,2006, “Financial Reporting On Internet”, The Chartered Accountant January 2006
(38) Trites, G. (1999), “The Impact of Technology on Financial and Business Reporting”, CICA,Toronto, ON: Canadian Institute of Chartered Accountants.
(39) Trites, G. and D. Sheehy (1997), Electronic Disclosure Making a hit on the Net”, CA Magazine, March, 10.
(40) Wagenhofer, Alfred (2003), “Economic Consequences of Internet Financial Reporting”, Schmalenbach Business Review, 55, PP 262-279
(41) Xiao, J., Jones, M., Lymer, A. (2002), “Immediate Trends in Internet Financial Reporting”, European Accounting Review, 11 (2), 245-275.
(42) Xiao, J., Jones, M., Lymer, A. (2002), “Peering into the future: financial reporting on the Internet by 2010”, Centre for Business Performance, London
Published
2017-01-01
How to Cite
AHMED, Hytham Mansour; AHMED, Abuzar Mohamed.
Factors Influencing Companies to Engage in Voluntary Internet Financial Reporting: A Review.
Gezira Journal of Economic and Social Sciences, [S.l.], v. 8, n. 1, jan. 2017.
ISSN 1858-6023. Available at: <http://37.60.236.48/index.php/gjess/article/view/331>. Date accessed: 03 june 2026.
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