engleski

Determinants of voluntary Internet Financial Reporting: analysis for selected CEE countries

Research on Internet financial reporting was conducted on the sample of 91 companies whose securities are listed on the following capital markets: Zagreb Stock Exchange, Ljubljana Stock Exchange, Belgrade Stock Exchange, Sarajevo Stock Exchange and Banja Luka Stock Exchange. Research results have shown that there are differences in the level of the Internet financial reporting between observed countries. For example the highest level of Internet financial reporting measured through IFR score was reported in Slovenia and it amounted 23.25 while the lowest level of transparency was measured on Banja Luka Stock Exchange where the IFR score was only 3.61. In the second part of the research authors analyzed the variables that affect IFR scores significantly. Results have shown that for each of the observed capital markets it is possible to identify variables which significantly influence the level of Internet financial reporting. As variables that significantly influence IFR scores on the observed markets regression models pointed out the following variables: official listing, turnover, assets and industrial sectors.

Voluntary reporting; determinants

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