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Internet Financial Reporting by Saudi Companies

Mohd Noor Azli Ali Khan, Mohammed Saleh Awadh Bajaher (Universiti Teknologi Malaysia)

Noor Azizi Ismail (Universiti Utara Malaysia) 

Abstract:

This study explores the status of Internet Financial Reporting (IFR) behavior of 84 companies listed in Saudi Stock Market. The results reveal that 66 (79%) of these companies maintain websites. Of these 66 companies, only 39 (59%) provided some forms of financial information on their websites. The findings indicate that the status of IFR among Saudi's listed companies is still behind thoese of developed countries and even some developing countries like Malaysia. This study then examines factors that influence the extent of IFR. Three factors associated with voluntary disclosure are examined: company size, leverage and profitability. Results of multiple regression analysis indicate that company size and profitability contributed significantly to the extent of IFR among Saudi companies. Policy implications and possible limitations of the study as well as suggestions for future research are discussed in the study. More importantly, it opens up possibilities for further study of IFR among Gulf countries.

Keywords: Internet financial reporting, voluntary disclosure, determinants, Saudi Arabia.

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JMIFR Vol.4 No.1 2007 part 6.pdf

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