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The Internet Financial Reporting by Listed Saudi Companies on Tadawul Website: (Between 2004 and 2005)

Journal of Administrative and Economics Science

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Title The Internet Financial Reporting by Listed Saudi Companies on Tadawul Website: (Between 2004 and 2005)
 
Creator Alshowaiman, Nizar Saleh
 
Description This study uses a self-constructed Internet Financial Reporting (IFR) index to examine theextent to which companies in Saudi Arabia, a developing country with an emerging financial market, usethe Internet for financial disclosure. The paper also considers factors affecting such disclosure. Accordingto data collected from the Tadawul Website for all listed companies in years 2004 and 2005, all 74 SaudiListed Companies (SLCs) had active and accessible websites during that period. In addition to descriptiveanalyses, hypotheses were tested to identify the determinants of Internet-based financial disclosure. It wasfound that, the Saudi Capital Market Authority (CMA) emerges as the most significant factor affectingIFR in Saudi Arabia as minimum IFR requirements are applied. Aside from the employment of the BIG-4international auditors that they implement IFR, the empirical results show that banking industry and thelocation of main cities play an important role in the implementation of IFR. Moreover, in both yearsgovernment and foreign ownerships were shown to be insignificant for IFR adoption. These currentfindings indicate that exploitation of the full potential of Internet financial disclosure by Saudi companieshas yet to be made.Keywords: Tadawul; Capital Market Authority; Voluntary financial disclosures; Internet financialreporting; Saudi listed companies.
 
Publisher Qassim University Academic Publishing and translation
 
Contributor —
 
Date 2013-05-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://publications.qu.edu.sa/ojs/index.php/economic/article/view/707
 
Source Journal Of Administrative And Economics Science; Vol 6, No 2
 
Language eng
 
Relation http://publications.qu.edu.sa/ojs/index.php/economic/article/view/707/676