Firms and governance factors affecting the adoption of web-based corporate reporting: Evidence from the USA
| Autor: | Shahad Alitani, Esam Shehadeh |
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| Rok vydání: | 2021 |
| Předmět: | |
| Zdroj: | Accounting, Pp 1017-1024 (2021) |
| ISSN: | 2369-7407 2369-7393 |
| DOI: | 10.5267/j.ac.2021.3.007 |
| Popis: | This paper examines the potential determinants associated with a firm’s decision to use a corporate website. The probability of web-based corporate reporting adoption was measured by using a dichotomous variable, where one is given if the firm has a website and zero otherwise. Based on a sample of 1217 US listed firms, it was found that 950 firms have a website and 267 do not. Those firms with a website are larger, more profitable and have a larger board size with more female directors when compared with firms without websites. In addition, the results of the regression analysis revealed that firm size, profitability, leverage, board size and the percentage of female directors in the boardroom have a significant positive impact on the probability of a firm having a website. However, firm age has a significant negative impact on the probability of web-based corporate reporting adoption. A weakness in the previous literature has been the neglect of firms without an online presence, which implies a potential selection bias. Consequently, this research contributes to the international accounting literature by expanding our understanding in relation to the probability of firms adopting web-based corporate reporting and the economic consequences of them doing so through reducing asymmetric information, which acts as an incentive to encourage investment. |
| Databáze: | OpenAIRE |
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