Corporate disclosure plays an important role in the fulfilment of financial accounting objectives. Companies have started the use of the internet, to disclose or communicate all necessary information, to inform present and potential investors and other stakeholders, with regard to company information. The paper attempts to investigate the level of internet financial reporting practices of Indian companies, towards disclosure of financial and non-financial information, on their web sites. The paper also studies the influence of company characteristics on their disclosure score. The result shows that there is positive association between company size and profitability, with internet financial reporting practices of the companies. It is also observed that there is great deal of variation in content and presentation of the information, disclosed on the web sites and terminology used for describing the information. The paper reveals that no consistent pattern could be used, to access multiple websites, by different users.
|