Internet Financial Reporting: An insight into Indian Practices

The advancements in information technology, growth in internet users and globalization have made impact on disclosure practices of the firm. The growing importance of financial reporting on corporate websites has made it an important area of academic research. The study provides insight into internet financial reporting practices of 493 sample companies out of BSE- 500 companies for the year 2015. A checklist is prepared to measure financial reporting behaviour of Indian companies on corporate websites. Content analysis was used to determine disclosure scores of sample companies. Item wise scores were calculated to identify the most and the least reported item. Further, industry wise scores were calculated to analyze disclosure variations according to industry sector. The results reveal that mean disclosure score of financial information on the websites for the sample companies is 75.15 percent. Mining industry sector leads with mean score of 74.32 percent across all industry sectors.