Company characteristics as determinants of Internet financial reporting in emerging markets: the case of Egypt

Abdelmohsen M. Desoky

57 citations0/0 files storedResearch in accounting in emerging economies

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Financial Reporting and XBRL Auditing, Earnings Management, Governance E-Government and Public Services

Abstract

Purpose – The purpose of this article is to examine the Internet financial reporting (IFR) practice by listed companies in Egypt as one of the emerging markets (EMs) and investigate empirically some company characteristics as determinants of such practice.Methodology/approach – Using a 39-item index, content analysis of websites was performed for 88 of the most active Egyptian listed companies on the Egyptian Stock Exchange (EGX). Further, the article employs statistical analysis to test the association between six company characteristics (independent variables) and the extent of the IFR (including three dependent variables).Findings – Among the sampled companies, only 57 have accessible websites and 45 provide financial information in their websites. The results of univariate analysis, which were verified by multivariate linear regression, show that some company characteristics (e.g. size, profitability, foreign listing and ownership structure) are significantly positively associated with the IFR, while legal form is significantly negatively associated.Research limitations and implications – The scope of this study is limited to a relatively small sample of Egyptian listed companies and they may not represent all of the possible listed companies. It would be interesting to duplicate this study in other EM countries which have many similarities to the Egyptian environment.Originality/value – This investigation concerned a country with an EM – Egypt. Few articles have provided insight into the IFR practices of listed companies in Egypt as one of the EM. Unlike previous studies conducted in Egypt, the current study provides evidence regarding two company characteristics, for the first time in Egypt, namely ‘ownership structure’ and ‘legal form’ as explanatory variables of the extent of IFR by listed companies in EGX.

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References

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2014Kuwait Corporate Characteristics and Level of Risk Disclosure: A Content Analysis Approach 2011Corporate online reporting in 2010: a case study in Jordan 2016The effect of board of directors and audit committee effectiveness on internet financial reporting 2011Users’ Perceptions on Internet Financial Reporting Practices in Emerging Markets: Evidence from Jordan 2017

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