Corporate Financial Reporting on Websites: Evidence from India

摘要

This study examines the use of internet as a tool for corporate reporting and the extent to which Indian firms disclose financial information through the internet. The disclosure of information on the internet is examined through a disclosure index. A sample of 136 listed firms, from different sectors was examined for the purpose of the study. The results of the study indicate that industry sector had a significant relationshi p to the extent of financial disclosures on the websites. The study also found that only few firms had used websites to disclose extensive financial information. The most reported information was the quarterly results, whereas information about performance was the least disclosed. The paper suggests that Indian firms can improve disclosures in the websites to improve transparency.