Configurational analysis of firms' performance: Understanding the role of Internet financial reporting

摘要

Internet Financial Reporting (IFR) is the disclosure of financial information through corporate websites. Although a vast amount of the literature analyzes the determinants of IFR, the literature does not adequately address the economic consequences of IFR. This study fills this gap in the literature by answering the following research question: Which configurations of the IFR and the firm's age and risk lead to high or low performance? To answer this question, this study analyzes the impact of IFR through longevity and risk on the Tobin's Q of firms. A fuzzy-set qualitative comparative analysis (fsQCA) sets the methodological ground to explore the role of IFR on the firms' performance. The fsQCA's results indicate that several combinations of IFR with risk and longevity are configurations for high performance. Further, the results show three different configurations for low performance. These configurations stress the importance of IFR on low-performing firms. (C) 2016 Elsevier Inc. All rights reserved.