Journal of Commerce and Accounting Research

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Corporate Web Reporting in Current Scenario


Affiliations
1 Post Graduate Department of Commerce , Sri Guru Gobind Singh College, Chandigarh.
2 Department of Commerce, Govt College of Commerce and Business Administration, Chandigarh.
     

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Corporate disclosure is critical for the functioning of an efficient capital market. There are various traditional instruments being used by the companies to provide business information to various stakeholders. These traditional instruments are not fully meeting the primary goal of providing decision useful information to the target groups. Different stakeholders are in possession of different information, that is, informed investors have private information, while the uninformed ones only have publicly available information. This information asymmetry impedes the efficient allocation of resources in the capital market economy. Internet, on the other hand, reduces this information asymmetry by providing numerous benefits for communicating information to various stakeholders. The present study exhibits distinctive and attractive features of the Internet (WWW) that help the investors in the efficient allocation of resources must for efficient functioning of capital market.
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  • Corporate Web Reporting in Current Scenario

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Authors

Balraj Singh Saini
Post Graduate Department of Commerce , Sri Guru Gobind Singh College, Chandigarh.
Kamalpreet Kaur
Department of Commerce, Govt College of Commerce and Business Administration, Chandigarh.

Abstract


Corporate disclosure is critical for the functioning of an efficient capital market. There are various traditional instruments being used by the companies to provide business information to various stakeholders. These traditional instruments are not fully meeting the primary goal of providing decision useful information to the target groups. Different stakeholders are in possession of different information, that is, informed investors have private information, while the uninformed ones only have publicly available information. This information asymmetry impedes the efficient allocation of resources in the capital market economy. Internet, on the other hand, reduces this information asymmetry by providing numerous benefits for communicating information to various stakeholders. The present study exhibits distinctive and attractive features of the Internet (WWW) that help the investors in the efficient allocation of resources must for efficient functioning of capital market.

References