An Empirical Examination of Corporate Websites as a Voluntary Disclosure Medium

39 Pages Posted: 14 Jan 2008

See all articles by Roger S. Debreceny

Roger S. Debreceny

Shidler College of Business

Andy Lymer

University of Birmingham - Department of Accounting and Finance

Samir Trabelsi

Brock University - Accounting

Date Written: January 13, 2008

Abstract

Standards-setters, regulators and academics believe that corporate websites may enhance the flow of voluntary disclosure to the capital market and other stakeholders. Management`s use of corporate websites for investor relations purposes is a common practice, yet we know little about how these websites affect investors. In this study, we analyze seven corporate websites disclosures categories to examine their predictive ability and their value relevance. The results show that the key non-financial statistics, projected information, information on intangible assets, social and environmental information, are associated with future revenue, future earnings and contemporaneous stock return. The paper contributes to the growing literature on websites disclosure and more generally to the literature on voluntary and strategic disclosure.

Keywords: Corporate Websites, Content analysis, Information content, voluntary disclosure

JEL Classification: G14, D82, C24

Suggested Citation

Debreceny, Roger S. and Lymer, Andrew and Trabelsi, Samir, An Empirical Examination of Corporate Websites as a Voluntary Disclosure Medium (January 13, 2008). (CAAA) 2008 Annual Conference Paper. Available at SSRN: https://ssrn.com/abstract=1083529 or http://dx.doi.org/10.2139/ssrn.1083529

Roger S. Debreceny

Shidler College of Business ( email )

Shidler College of Business
2404 Maile Way
Honolulu, HI 96822
United States

Andrew Lymer

University of Birmingham - Department of Accounting and Finance ( email )

Birmingham B15 2TT
United Kingdom

Samir Trabelsi (Contact Author)

Brock University - Accounting ( email )

St. Catharines, Ontario L2S 3A1
Canada

Register to save articles to
your library

Register

Paper statistics

Downloads
37
Abstract Views
739
PlumX Metrics