Corporate internet financial reporting in international perspective: a comparative study of selected indian and US companies

Abstract

The purpose of this study was to investigate the various elements of financial reporting frameworks and practice in the context of the Internet. The Internet has emerged as a new medium of presentation of corporate information. Currently, the levels of disclosures are very wide among companies at global level. India is one of the highest in growth rate of Internet users in last 5 years and the impact of globalization in Indian scenario plus the benefits of Internet are the main reasons of conducting this study. It was intended in this research to identify the present trend of Internet financial reporting in Indian scenario and also to analyze the variation in the practices of Internet financial reporting and Traditional financial reporting and in the last very important to study the stakeholders or users perception regarding Internet financial reporting in International reporting scenario. BSE-100 and NYSE-100 companies as on 14th October, 2010 was taken as sample. So the total sample size for the study was 200 companies and the periods used for this study was April, 2010 to December, 2011.