Board composition and voluntary internet financial reporting - evidence from Bangladesh Online publication date: Thu, 07-Apr-2022
by Rashedul Hasan; Niaz Mohammad; Ardi Gunardi
International Journal of Public Sector Performance Management (IJPSPM), Vol. 9, No. 3, 2022
Abstract: Internet financial reporting (IFR) can provide a low-cost mechanism for the listed company to reach a wider audience and reduce information asymmetry. This paper establishes several factors that are influencing IFR among selected listed firms in Bangladesh. The extent of IFR is determined using a disclosure index through content analysis. It was found that the overall IFR disclosure score is very low (17.77%) while low technology industries have disclosed more information on the internet. Regression results establish profitability as the most significant predictor of IFR. The proportion of independent directors on the board has a significant negative influence on IFR. The study incorporated the impact of internal governance mechanism on IFR. This research has important contributions toward educating stakeholders about the drivers of corporate internet financial reporting in Bangladesh. Future research can be initiated to determine the ability of IFR to complement audited annual reports as a green initiative.
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