Empirical research of users’ opinions on selected aspects in internet financial reporting

Khan, Mohd Noor Azli Ali; Ismail, Noor Azizi; Mardani, Abbas; Zavadskas, Edmundas Kazimieras; Kaklauskas, Artūras

doi:10.15240/tul/001/2017-2-011

Cited by 3 publications

(5 citation statements)

References 15 publications

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“…The company may also benefit from engaging in IFR, including improved corporate image, company teller technological progress, and increasing positional competitiveness (Khan et al, 2017). Interestingly, this is supported by empirical evidence from Australia as it reported a correlation between a company's social media strategy and its environmental, social, and corporate governance (ESG) ranking for Australian companies (Xiang and Birt, 2021).…”

Section: Related Literaturementioning

confidence: 91%

“…Studies imply that investors prefer to invest in their home markets due to knowledge asymmetries between local and overseas investors and behavioral biases generated by unfamiliarity with other markets (Amiram, 2012), highlighting the importance and relevance of corporate reporting to a broader audience. Accordingly, increased timeliness and efficiency in receiving financial information, a simplified and accelerated investment selection process, and affordable company information are the three key advantages for users who gather financial information about firms through their websites (Khan et al, 2017).…”

Section: *Inmentioning

confidence: 99%

“…The secrecy has a significant negative impact on business value, indicating that ASEAN countries with a high secrecy index must reduce their level of secrecy in order to increase firm value by increasing investor trust in the ASEAN region's financial reporting systems. However, the requirement for inhouse expertise, the need to keep the information current, and information security issues deter organizations from using the Internet for Financial Reporting (Khan et al, 2017).…”

Section: *Inmentioning

confidence: 99%

“…According to the literature, among the benefits of IFR to users of corporate information is improved financial statement dependability as Blockchain, Internet of Things (IoT), smart contracts, and Artificial Intelligence (AI) can alleviate financial reporting and auditing concerns (Roszkowska, 2020). Additionally, IFR increases speed and efficiency in accessing financial information, simplifies investment decision-making, and delivers affordable corporate information (Khan et al, 2017). Similarly, increased information and analysis, worldwide access, and mass communication are further benefits of online financial reporting (Khan et al, 2017).…”

Section: Related Literaturementioning

confidence: 99%

“…Additionally, IFR increases speed and efficiency in accessing financial information, simplifies investment decision-making, and delivers affordable corporate information (Khan et al, 2017). Similarly, increased information and analysis, worldwide access, and mass communication are further benefits of online financial reporting (Khan et al, 2017). A study of IFR in Egypt revealed that hard copy financial reports are still necessary for transparency except for verifiability; most considered Corporate Internet Reporting to improve accounting information's quality (Ahmed et al, 2018).…”

Section: Related Literaturementioning

confidence: 99%

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Applying data mining techniques to predict the market performance of publicly traded companies

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Villarba,

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et al. 2023

Int. j. adv. appl. sci.

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The advent of the Internet has brought about a transformation in the conventional methods of disseminating company information, presenting corporations with new channels of engagement with investors. Through an analysis of domestic firms listed on the Philippine Stock Exchange (PSE) during the period from 2018 to 2019, this study has probed the Voluntary Disclosure Index (VDI) as an indicator of Internet reporting, discovering that it is influenced by various characteristics of the firm, such as profitability, capital structure, and leverage. Nonetheless, the evidence supporting the impact of internet reporting on market performance remains limited. The objective of this research was to investigate the influence of Internet financial reporting (IFR) on three major market performance indicators: (a) Stock Price, (b) Stock Returns, and (c) Company Value, utilizing the weighted voluntary indexes derived from the VDI checklist. Market data pertaining to 58 publicly listed Philippine companies across various sectors were collected from the PSE database. The study's findings suggest that there are no significant relationships between the domains of the disclosure index and market performance. However, it was observed that the technological features of a company's website can positively influence earnings per share (EPS). By shedding light on the VDI within the context of Philippine companies, this paper makes a valuable contribution to the existing literature. Furthermore, the insights gained from this research could assist regulatory bodies and companies in formulating pertinent policies concerning internet reporting, thereby enhancing corporate governance and the practices of publicly listed companies in the Philippines.

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Section: Related Literaturementioning

confidence: 91%

Section: *Inmentioning

confidence: 99%

Section: *Inmentioning

confidence: 99%