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Study of Relationship between Corporate Web Disclosure and Selected Company Characteristics
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The paper deals with analyzing the relationship of web disclosure with select company characteristics namely, profitability, public ownership and firm's size. Fifty companies from five different industry sectors − Automobile, Information Technology, Fast Moving Consumer Goods (FMCG), Capital Goods and Banking are selected. Their web disclosure scores are calculated by using a checklist of disclosure consisting of twenty five items of information disclosed on the websites. These items belong to three important areas of web disclosures namely, Corporate Information, Financial&Stock Information and Management Information. Multiple regression is used to predict the dependent variable i.e., web disclosure score from the independent variables - profitability, percentage of public ownership and firms size. The multiple regression result shows that 'Profitability' and 'Size' positively affects the extent of web-based disclosure while 'Public Ownership' does not affect it significantly.
Keywords
Web Disclosure, Non-financial Attributes, Multiple Regression And Company Website
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