Journal of Commerce and Accounting Research

Kamalpreet Kaur ¹, Karamjeet Singh ²

Affiliations
1 Research scholar, University Business School, Panjab University, Chandigarh, IN
2 Professor, University Business School, Panjab University, Chandigarh, IN

Abstract

The benefit of corporate disclosure through web in financial decision making includes visual/graphic presentation of information, two-way interaction, increased information accessibility and mass communication. These benefits assist in enhancing corporate accountability to stakeholders by providing new dimensions to disclosure. The present study analyzed the opinions of small investors about corporate disclosure practices on the Internet. On an overall basis, majority of respondents agreed that the information which is generally found in the traditional printed form annual reports be disclosed on corporate websites. Findings of the study suggest that corporate disclosure through web improves the quality of information by reducing information asymmetry between management and investors thus reducing the information advantage of institutional investors and information intermediaries. Corporate web reporting as a substitute of traditional reporting helps in better evaluation of performance and future prospects of a company which provides an adequate information basis for their decision-making process.

Keywords

Corporate Disclosure Through Web, Websites, Disclosure.

Full Text