Corporate Attributes and Internet Financial Reporting By Deposit Money Banks In Nigeria

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Vol 2, No 1, June 2017.pdf (1.26 MB)

Date

2017-06-01

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Department of Accounting, Nasarawa State University, Keffi.

Abstract

The advent of the internet has brought succor not just to the way businesses around the world are being conducted but also to the way corporations disseminate information to stakeholders. This study assesses the relationship between corporate attributes and internet financial reporting (IFR) practice by quoted Deposit Money Banks (DMBs) in Nigeria. The study used ex-post facto research design. The population of the study comprises of the 15 banks quoted on the firsttier securities market of the Nigerian Stock Exchange as at the December 2015 and these constitute the sample of the study. Web search engines were used to establish internet presence of each bank and the study used IFR Disclosure as proxy for IFR. Corporate attributes (size, liquidity, auditor type and profitability) were regressed against the IFR disclosure index to examine the extent to which they determine IFR. Results show that the relationship between IFR and bank size, bank liquidity is positive and statistically significant which implies that IFR practice is determined by size and liquidity of DMBs. The study noted that IFR is still a voluntary practice that is yet to be regulated. It therefore recommends that IFR should be encouraged and regulated to improve information disclosure and dissemination to wider stakeholders and users of financial reports. Keywords: Internet Financial Reporting, Firm Size, Liquidity, Profitability, Auditor Type.

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Keywords

Internet Financial Reporting, Firm Size, Liquidity, Profitability, Auditor Type.

Citation

Abdullahi, 1.0 (2009) Internet financial reporting practice by Nigeria Deposit Money B anks Journal of Financial Accounting Research 1(3), 33-51 Agboola, A. A., & Salawu, M. K. (2012). The determinants of internet financial reporting: Empirical evidence from Nigeria. Research Journal of Finance and Accounting. 3(11). | Aly, D., Simon J., & Hussainey, K. (2010). Determinants of corporate internet reporting. Managerial Auditing Journal. 25(2), 183-202. Aly, D., Simon, J., & Hussainey, K. (2010). Determinants of corporate internet reporting: evidence from Egypt. Managerial Auditing Journal, 25(2), 182-202. i j Aqel,S. (20.14). The determinants of financial reporting on the internet: The case of companies listed in the Istanbul Stock Exchange. Research Journal of Finance andAccounting 5(8) ,139-149 Ashbaugh, H., Johnstone, K. & Warfield, T. (1999). Corporate Reporting on the internet. Accounting Horizons, September, 241-257. Basuony, M.A.K & Mohamed, E.K.A. (2014). Determinants of internet financial disclosure in GCC Countries. Asian Journal of Finance & Accounting. 6(1),70-89 Bonson, E. &. Escobar, T. (2002). A survey on voluntary disclosure on the internet: empirical evidence from 300 European Union companies, International Journal of Accounting Research, 2,27-51. Bonson, E., & Escobar, T. (2006). Digital reporting in Eastern Europe: An empirical study. International Journal of Accounting Information System. 7,299-318. Botosan, C. & Marlene, P. (2002). A Re-examination of disclosure level and the expected cost of equity capital. Journal of Accounting Research 40, 21-41.

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https://keffi.nsuk.edu.ng/handle/20.500.14448/730

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