Perceptions and Attitudes Toward Corporate Website Presence and Its Use in Investor Relations in the Jordanian Context

Advances in Accounting, Vol. 25: 1-10, 2012

Posted: 22 Jan 2018

See all articles by Naser M. Abughazaleh

Naser M. Abughazaleh

Gulf University for Science and Technology (GUST)

Amer Qasim

Al Ain University of Science & Technology

Ayman E. Haddad

American University of Kuwait

Date Written: 2012

Abstract

This study reports the results of semi-structured interviews conducted to explore the factors affecting Jordanian listed firms' decisions on whether or not to have a corporate website and, if so, whether or not to use it in investor relations activities. Corporate interviewees noted that the decision to have an online presence was motivated by a desire to enhance the company's image and reputation, and the need to re-brand the company was often a key event triggering website adoption. Particularly important here were international influences, whether international partners, shareholders or competitors. However, in all cases, top management support was essential and played a key role in influencing the ways in which companies use their website both in general and for investor relations activities in particular. Results also revealed that the key factor explaining the lack of a corporate website was the attitude or belief of management. Of key importance was their belief that stakeholders, including Jordanian stock market participants, are not yet ready or willing to use the internet to acquire information about the company. Some interviewees similarly concluded that there is no demand for investor relations information on corporate websites because the Jordanian Securities Commission publishes all listed companies' annual reports on its own website. Other factors explaining the lack of a corporate website were management change, absence of competition and having been listed on the Jordanian stock exchange for a long period. This research extends our understanding of disclosure on the internet by considering a different research setting, namely Jordan, and also by extending the theoretical framework used.

Keywords: Internet Financial Reporting, Investor Relations, Diffusion of Innovations, Voluntary Disclosure

JEL Classification: M41, G10, G32, G38

Suggested Citation

Abughazaleh, Naser M. and Qasim, Amer and Haddad, Ayman E., Perceptions and Attitudes Toward Corporate Website Presence and Its Use in Investor Relations in the Jordanian Context (2012). Advances in Accounting, Vol. 25: 1-10, 2012, Available at SSRN: https://ssrn.com/abstract=3101679

Naser M. Abughazaleh (Contact Author)

Gulf University for Science and Technology (GUST) ( email )

Masjid Al Aqsa Street
Mubarak Al-Abdullah
Kuwait

Amer Qasim

Al Ain University of Science & Technology ( email )

United Arab Emirtes
Al Ain, 64141
United Arab Emirates

Ayman E. Haddad

American University of Kuwait ( email )

Department of Accounting
Kuwait, 13034
Kuwait

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