Record Details

Internet Financial Reporting (IFR) Disclosure Position and Firm Value

Asian Journal of Accounting and Governance

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Field Value
 
Title Internet Financial Reporting (IFR) Disclosure Position and Firm Value
 
Creator Keliwon, Kamarul Baraini
Abdul Shukor, Zaleha
Hassan, Mohamat Sabri
 
Subject IFR disclosure; IFR disclosure position; firm value; firm financial performance; IFR regulations
 
Description Nowadays, Internet Financial Reporting (IFR) disclosure is the global way to display firm performance to investors and stakeholders. Hence, it is imperative that firms properly manage their IFR disclosure to ensure their existence is conspicuous to the world in order to foster their firm value. We believe that in order to manage IFR disclosure, firms would probably behave either ritualistically or opportunistically in terms of their IFR disclosure position. In this study, we propose a quantitative measurement for the IFR disclosure position, i.e. utilizing IFR presentation score, taking into consideration latest IFR rules and regulations worldwide as well as relevant extant empirical studies. Based on a sample of 320 Malaysian listed firms in year 2012, our regression analysis shows that our quantitative measurement for the IFR disclosure position variable has a positive association with firm value. We found that 87 firms, categorized as poor performing seems to manage their IFR disclosure position ritualistically. While 233 firms, categorized as well performing manage their IFR disclosure position opportunistically. Hence, our study provide circumstantial evidence that firms’ financial performance has a relationship with IFR disclosure position. In further analysis, our findings show that stakeholders seem to perceive ritualistic IFR disclosure’s position is empirically valid to value poor performing firms. However, stakeholders seem to negate the opportunistic IFR disclosure position in valuing well performing firms even though theoretically the opportunistic IFR disclosure position should be able to offer vast benefits that could enhance firms’ value. Our findings should be useful to firms and stakeholders likewise in making firms’ valuation taking into consideration the existence of firms’ financial performance and IFR disclosure position. 
 
Publisher Penerbit UKM
 
Contributor —
 
Date 2018-05-07
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://ejournal.ukm.my/ajac/article/view/25270
10.17576/AJAG-2018-09-10
 
Source Asian Journal of Accounting and Governance; Vol 9 (2018); 111-122
2180-3838
 
Language eng
 
Relation http://ejournal.ukm.my/ajac/article/view/25270/8770
 
Rights Copyright (c) 2018 Asian Journal of Accounting and Governance