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Internet financial reporting and firm value: evidence from Gulf Cooperation Council countries

Internet financial reporting and firm value: evidence from Gulf Cooperation Council countries This study examines the economic consequences of internet financial reporting (IFR) on firm value using 152 listed financial companies in Gulf Cooperation Council (GCC) countries. An index that consists of 35 items was constructed to measure the level of IFR for each firm in the sample. Based on agency and signalling theories, we posit that a higher level of IFR enhances firm value. Contrary to the expectation, after controlling for firms' characteristics and country of origin, the results of multiple regression analysis indicate that IFR does not create value for GCC listed financial companies. Keywords: internet financial reporting; IFR; firm value; economic consequences; Gulf Cooperation Council; GCC. Reference to this paper should be made as follows: Bin-Ghanem, H.O. and Ariff, A.M. (2016) `Internet financial reporting and firm value: evidence from Gulf Cooperation Council countries', Int. J. Accounting, Auditing and Performance Evaluation, Vol. 12, No. 3, pp.237­260. Biographical notes: Hasan Omar Bin-Ghanem is a Lecturer at the Department of Accounting, Hadhramout University of Science and Technology, Yemen. Currently, he is a PhD candidate in the School of Maritime Business at Universiti Malaysia Terengganu. His research interests are in the areas of internet financial reporting, voluntary disclosure, and corporate governance. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Accounting, Auditing and Performance Evaluation Inderscience Publishers

Internet financial reporting and firm value: evidence from Gulf Cooperation Council countries

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Publisher
Inderscience Publishers
Copyright
Copyright © 2016 Inderscience Enterprises Ltd.
ISSN
1740-8008
eISSN
1740-8016
DOI
10.1504/IJAAPE.2016.077891
Publisher site
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Abstract

This study examines the economic consequences of internet financial reporting (IFR) on firm value using 152 listed financial companies in Gulf Cooperation Council (GCC) countries. An index that consists of 35 items was constructed to measure the level of IFR for each firm in the sample. Based on agency and signalling theories, we posit that a higher level of IFR enhances firm value. Contrary to the expectation, after controlling for firms' characteristics and country of origin, the results of multiple regression analysis indicate that IFR does not create value for GCC listed financial companies. Keywords: internet financial reporting; IFR; firm value; economic consequences; Gulf Cooperation Council; GCC. Reference to this paper should be made as follows: Bin-Ghanem, H.O. and Ariff, A.M. (2016) `Internet financial reporting and firm value: evidence from Gulf Cooperation Council countries', Int. J. Accounting, Auditing and Performance Evaluation, Vol. 12, No. 3, pp.237­260. Biographical notes: Hasan Omar Bin-Ghanem is a Lecturer at the Department of Accounting, Hadhramout University of Science and Technology, Yemen. Currently, he is a PhD candidate in the School of Maritime Business at Universiti Malaysia Terengganu. His research interests are in the areas of internet financial reporting, voluntary disclosure, and corporate governance.

Journal

International Journal of Accounting, Auditing and Performance Evaluation – Inderscience Publishers

Published: Jan 1, 2016

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