Determinants of the Comprehensiveness of Corporate Internet Reporting by Romanian Listed Companies

14 Pages Posted: 5 Dec 2009

See all articles by Szilveszter Fekete

Szilveszter Fekete

Babes-Bolyai University; Corvinus University of Budapest

Adriana Tiron Tudor

Babes-Bolyai University - Faculty of Economics and Business Administration

Alexandra Mutiu

Babes-Bolyai University

Date Written: November 20, 2009

Abstract

Our paper examines the association between corporate characteristics and disclosure comprehensiveness (quality and quantity) measured by the level of corporate internet reporting (CIR). On the basis of previous literature we identify and use both company specific and corporate governance characteristics as determinants of CIR. We apply the disclosure index developed by Kelton and Yang (2008) to measure the extent of each sample firm’s CIR by presentation format, information content, and corporate governance disclosures.

The findings suggest that corporate characteristics influence the CIR behavior of entities, presumably in response to the information asymmetry between management and investors and the resulting agency costs. Our results suggest that new regulatory guidance in corporate governance, more rigorous legislation and stronger enforcement of rules leads to improved disclosure transparency via CIR.

Keywords: corporate internet reporting, disclosure, determinants, corporate governance, listed entities

JEL Classification: M40, M41

Suggested Citation

Fekete, Szilveszter and Tiron Tudor, Adriana and Mutiu, Alexandra, Determinants of the Comprehensiveness of Corporate Internet Reporting by Romanian Listed Companies (November 20, 2009). Available at SSRN: https://ssrn.com/abstract=1517665 or http://dx.doi.org/10.2139/ssrn.1517665

Szilveszter Fekete (Contact Author)

Babes-Bolyai University ( email )

58-60 Th. Mihali Street, Room 223
Cluj-Napoca, Cluj 400591
Romania
00 40 742 074 985 (Phone)
00 40 364 104 253 (Fax)

HOME PAGE: http://www.econ.ubbcluj.ro/~szfekete/

Corvinus University of Budapest ( email )

8 Fovam Square, Room 300
Budapest, 1093
Hungary

Adriana Tiron Tudor

Babes-Bolyai University - Faculty of Economics and Business Administration ( email )

Str Teodor Mihali, Nr.58-60
Cluj-Napoca, RO- 400591
Romania

Alexandra Mutiu

Babes-Bolyai University ( email )

58-60 Teodor Maniu street, Cluj-Napoca
67 Iuliu Maniu street, Sighetu Marmatiei
Cluj Napoca, Cluj 435500
Romania

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