Corporate Financial Reporting: Firm Characteristics and the Use of the Internet as a Medium of Communication by Listed Firms in Ghana
Year: 2011
Type: article
Abstract: The internet is playing great roles in the dissemination of information by companies. This study was conducted to analyse all the firms listed on the Ghana Stock Exchange in terms of its ability to communicate both financial and non financial information using the internet as the medium. The results show that twenty seven (77.14%) had web sites and eight (22.86%) did not have web sites or the web sites were not accessible. The results of the multiple regression analysis show that profitability and leverage are important determinants of internet financial reporting. Thus the hypotheses; H1. There is a positive association between internet financial reporting index and firm's profitability and H4. There is a positive association between internet reporting index and leverage, were upheld. Firm size, Liquidity and Auditor size are not significant explanatory variables for the internet reporting index.
DOI: 10.5897/ajbm11.1854
Author: Ben Kwame Agyei-Mensah
Language: English
Topic: Financial Reporting and XBRL
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W3121277180