THE IMPACT CORPORATE GOVERNANCE ON INTERNET FINANCIAL REPORTING: EMPIRICAL EVIDENCE FROM PALESTINE
Keywords:
Corporate Governance, Ownership Structure, Internet Financial Reporting, Palestine, Developing Countries.
Abstract
The current research investigates whether the difference in the Internet Financial Reporting standard is clarified by corporate governance. A study was carried out on a selection of 48 companies listed on the 2019 Palestine Stock Exchange. An index was also selected from several previous studies to assess the standard of Internet financial reporting. One of the first analytical researches to investigate the relationship between corporate governance and Internet Financial Reporting in Palestine is the latest analysis. Firstly, the scope of disclosure of Internet Financial Reporting in Palestinian businesses appears to be limited. Second, the educational history of boards is greatly related to Internet Financial Reporting. Nevertheless, the board independence coefficient and board audit committee are negligible. Thirdly, an important element in strengthening internet financial reporting standards is a broad audit company. Fourthly, there is a strong positive correlation between the concentration of ownership and financial reporting on the Internet. Companies mainly held by stakeholders are more likely to reveal internet data and to strengthen the reports released. Finally, profitability and market capitalization have a direct connection with Internet Financial Reporting, and Internet Financial Reporting does not justify the composition of the board, board meetings, international investors, and business size.
References
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Frankel, R., Johnson, M., & Skinner, D. (1999), An empirical examination of conference calls as a voluntary disclosure medium, Journal of Accounting Research, 37(1), 133-150.
Gandía, J. L. (2008). Determinants of internet‐based corporate governance disclosure by Spanish listed companies. Online Information Review, 32(6), 791-817.
Hall, J. A. (2002). An Exploratory Investigation into The Corporate Social Disclosure of Selected New Zealand Companies, Massey University, School of Accountancy, Auckland, New Zealand, Discussion Paper Series 211.
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Haniffa, R., Nasser, A. T. A., Wahid, E. A., Nazri, S. N. F. S. M., & Hudaib, M. (2006). Auditor‐client relationship: the case of audit tenure and auditor switching in Malaysia. Managerial Auditing Journal. 21(7), 724-737.
Haniffa, R. M., & Cooke, T. E. (2002). Culture, corporate governance, and disclosure in Malaysian corporations. Abacus, 38(3), 317-349.
Hasan, M. S., Hossain, S. Z., & Swieringa, R. J. (2013). Corporate governance and financial disclosures: Bangladesh perspective. Corporate Governance, 4(1), 109-119.
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Hindi, N. M., & Rich, J. (2010). Financial Reporting on the Internet: Evidence from the Fortune 100. Management Accounting Quarterly, 11(2), 11-21.
Homayoun, S., Rahman, R. A., & Bashiri, N. (2011). Internet corporate reporting among public listed companies in Malaysia: An exploratory study. African Journal of Business Management, 5(30), 11863-11873.
Huafang, X., & Jianguo, Y. (2007). Ownership structure, board composition, and corporate voluntary disclosure. Managerial Auditing Journal, 22(6), 604-619.
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Juhmani, O. (2017). Corporate governance and the level of Bahraini corporate compliance with IFRS disclosure. Journal of Applied Accounting Research, 18(1), 22-41.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of financial economics, 3(4), 305-360.
Jimoh, J., & Okoye, F. A. (2016). Voluntary Internet Financial Reporting in The Nigeria Public Sector. Igbinedion University Journal of Accounting, 2, 40-61.
Khan, M. N. A. A., & Ismail, N. A. (2011). The level of internet financial reporting of Malaysian companies. Asian Journal of accounting and Governance, 2, 27-39.
Kelton, A. S., & Yang, Y. W. (2008). The impact of corporate governance on Internet financial reporting. Journal of accounting and Public Policy, 27(1), 62-87.
Kamel, S., & Hussein, M. (2002). The emergence of e‐commerce in a developing nation. Benchmarking: An International Journal, 9(2), 146-53.
Khlif, H., Ahmed, K., & Souissi, M. (2016). Ownership structure and voluntary disclosure: A synthesis of empirical studies. Australian Journal of Management, 42(3), 376-403.
Kuruppu, N., Oyelere, P., & Al-Jabri, H. (2015). Internet financial reporting and disclosure practices of publicly traded corporations: Evidence from Sri Lanka. Accounting & Taxation, 7(1), 75-91.
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Lipunga, A. M. (2014). Internet financial reporting in Malawi. International Journal of Business and Management, 9(6), 161-172.
Lodhia, S. K., Allam, A., & Lymer, A. (2004). Corporate reporting on the internet in Australia: an exploratory study. Australian Accounting Review, 14(34), 64-71.
Mallin, C. A., & Michelon, G. (2011). Board reputation attributes and corporate social performance: An empirical investigation of the US best corporate citizens. Accounting and Business Research, 41(2), 119-144.
Mangena, M., & Tauringana, V. (2007). Disclosure, corporate governance, and foreign share ownership on the Zimbabwe stock exchange. Journal of International Financial Management & Accounting, 18(2), 53-85.
Marston, C. (2003). Financial reporting on the internet by leading Japanese companies. Corporate communications: An international journal, 8(1), 23-34.
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Published
2020-11-01
How to Cite
Barakat, F. S. Q., Perez, M. V. L., Ariza, L. R., Barghouthi, O. A., & Islam, K. M. A. (2020). THE IMPACT CORPORATE GOVERNANCE ON INTERNET FINANCIAL REPORTING: EMPIRICAL EVIDENCE FROM PALESTINE. International Journal of Accounting & Finance Review, 5(4), 1-22. https://doi.org/10.46281/ijafr.v5i4.852
Section
Research Paper/Theoretical Paper/Review Paper/Short Communication Paper
Copyright (c) 2020 Firas S. Q. Barakat, M. Victoria Lopez Perez, Lázaro Rodríguez Ariza, Orobah Ali Barghouthi, K. M. Anwarul Islam
This work is licensed under a Creative Commons Attribution 4.0 International License.
