Journal of Commerce and Accounting Research

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Corporate Web Reporting in Current Scenario


Affiliations
1 Post Graduate Department of Commerce , Sri Guru Gobind Singh College, Chandigarh.
2 Department of Commerce, Govt College of Commerce and Business Administration, Chandigarh.
     

   Subscribe/Renew Journal


Corporate disclosure is critical for the functioning of an efficient capital market. There are various traditional instruments being used by the companies to provide business information to various stakeholders. These traditional instruments are not fully meeting the primary goal of providing decision useful information to the target groups. Different stakeholders are in possession of different information, that is, informed investors have private information, while the uninformed ones only have publicly available information. This information asymmetry impedes the efficient allocation of resources in the capital market economy. Internet, on the other hand, reduces this information asymmetry by providing numerous benefits for communicating information to various stakeholders. The present study exhibits distinctive and attractive features of the Internet (WWW) that help the investors in the efficient allocation of resources must for efficient functioning of capital market.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Adhikari, A. and Tondkar, R. H., (1992), "Environmental Factors Influencing Accounting Disclosure Requirements of Global Stock Exchanges”, Journal of International Financial Management and Accounting, 4(2), 75-105.

  • Al-Shayeb, A., (2003), "Corporate Financial Reporting in the United Arab Emirates”, Arab Journal of Administrative Science, 10 (1), 109-125.

  • Allam, A. and Lymer, A., (2003), "Developments in Internet Financial Reporting: Review and Analysis across Five Developed Countries”, The International Journal of Digital Accounting Research, 3(6), 165-199.

  • Bonson, E. and Escobar, T., (2002), "A Survey on Voluntary Disclosure on the Internet: Empirical Evidence from 300 European Union Companies”, The International Journal of Digital Accounting Research, 2 (1), 27-51.

  • Bonson, E. and Escobar, T., (2006), "Digital Reporting in Eastern Europe: An Empirical Study”, International Journal of Accounting Information systems, 7(4), 299-318.

  • Chander, Subhash, (1992), Corporate Reporting Practices, Deep and Deep Publications, New Delhi.

  • Chang, L., Most, K.S. and Brain, C.W., (1983), "The Utility of Annual Reports: An International Study”, Journal of International Business Studies, (Spring & Summer): 63-83.

  • Chau, G.K. and Gray, S.J., (2002), "Ownership Structure and Corporate Voluntary Disclosure in Hong Kong and Singapore”, The International Journal of Accountancy, 37, 247-265.

  • Clackworthy, C., (Debrecency, R. and Gray, G.L., (2001), "The Production and Use of Semantically Rich Accounting Reports on the Internet: XML and XBRL”, International Journal of Accounting Information Systems, 2, 47-74. 2000), " The Value of Reporting”, Management Accounting,March, 38-39.

  • Debrecency, R. and Gray, G.L., (2001), "The Production and Use of Semantically Rich Accounting Reports on the Internet: XML and XBRL”, International Journal of Accounting Information Systems, 2, 47-74.

  • Healy, P.M. and Palepu, K.G., (2001), "Information Asymmetry, Corporate Disclosure, and the Capital Markets: A Review of the Empirical Disclosure Literature”, Journal of Accounting and Economics, 31(1-3), p. 405.

  • Joshi, L.P. and AI-Modhahki, J., (2003), "Financial Reporting on the Internet: Empirical Evidence from Bahrain and Kuwait”, Asian Review of Accounting, 11(1), 88-101.

  • Kelton, S.A. and Yang, Y., (2008), "The Impact of Corporate Governance on Internet Financial Reporting”, Journal of Accounting and Public Policy, 27 (1), 62-87.

  • Kelton, S.A., (2007), "Internet Financial Reporting: The Effect of Hyperlinks and Irrelevant Information on Investor Judgments”, AAA-IS Midyear Meeting, Savannah, GA.

  • Khadaroo, M.I., (2005), "Business Reporting on the Internet in Malaysia and Singapore – A Comparartive Study”, Corporate Communications: An international Journal, 10(1), 58-68.

  • Khan, M.A.H..., Muzaffar, A.T. and Nazmul, A.K., (2008), "Corporate Financial Reporting on the Internet: Global Developments and an Appraisal of Practices in Bangladesh”, Working Paper, American International University, Bangladesh.

  • LaRose, J.A., (1997), "Company Information on the World Wide Web: Using Corporate Webpages to Supplement Traditional Business Resources”, Reference Librarian, 58(27).

  • Lymer, A., (1999), "The Internet and the Future of CorporateReporting in Europe”, European Accounting Review, 8(2).

  • Marston, C.L. and Polei, A., (2004), "Corporate Reporting on the internet by Greeman Companies”, International Jouranal of Accounting information systems, 5, 285-311.

  • Marston, C.L. and Wu, W., (2001), "Financial Reporting on the Internet by Leading Japanese Companies”, Paper presented at the Scottish Regional Conference of the British Accounting Association, Aberdeen.

  • Noor, A. I. and Mohamad, T., (2000), "Financial Reporting Disclosure on the Internet by Malaysian Public Listed Companies”, Akauntan Nasional, 13(19), 28-33.

  • Nordberg, D., (1999), "Shareholder Communication: The Next Wave”, Center for Business Performance, Institute of Chartered Accountants in England and Wales, London.

  • Petravick, S., (1999), "Onlie Financial Reporting”, CPA Journal, 69(2), 32-36. Petravick, S. and Gillet, J., (1996), "Financial Reporting on the World Wide Web”, Management Accouting, 26-33.

  • Petravick, S. and Gillet, J., (1998), "Distributing Earnings Reports on the Internet”, Management Accounting, October


Abstract Views: 488

PDF Views: 0




  • Corporate Web Reporting in Current Scenario

Abstract Views: 488  |  PDF Views: 0

Authors

Balraj Singh Saini
Post Graduate Department of Commerce , Sri Guru Gobind Singh College, Chandigarh.
Kamalpreet Kaur
Department of Commerce, Govt College of Commerce and Business Administration, Chandigarh.

Abstract


Corporate disclosure is critical for the functioning of an efficient capital market. There are various traditional instruments being used by the companies to provide business information to various stakeholders. These traditional instruments are not fully meeting the primary goal of providing decision useful information to the target groups. Different stakeholders are in possession of different information, that is, informed investors have private information, while the uninformed ones only have publicly available information. This information asymmetry impedes the efficient allocation of resources in the capital market economy. Internet, on the other hand, reduces this information asymmetry by providing numerous benefits for communicating information to various stakeholders. The present study exhibits distinctive and attractive features of the Internet (WWW) that help the investors in the efficient allocation of resources must for efficient functioning of capital market.

References