A Study on Influential Factors of Web Based Disclosure

Internet financial reporting (IFR) is a product of information technology that has played a significant role in Internet revolution. IFR is getting increased attention everywhere. The emergence of IFR has transformed the boundaries of traditional financial reporting into an ever expanding concept. Hence Sir Bryan Carsberg, the Secretary-General of IASC has stated that “Technology has altered irreversibly not only the physical medium of corporate financial reporting but also its traditional boundaries.
The objective of the present study is to test whether is any significant influence of market capitalization, debt-asset ratio, financial performance, profit level, and stock price on IFR Disclosure Index and the tests are conducted by measuring IFR index of as a dependent variable and the above five independent variables in sample companies selected from India. The results indicated that IFR index of Indian companies was very strongly associated with market capitalization. This paper used the secondary data from listed companies on Bombay Stock Exchange. The data relating to independent and dependent variables were drawn from each of the sample companies numbering 252 for the year 2017.