Internet is a very exciting medium to look into especially with regards to presentation,\r\ndisclosure and financial reporting. The Internet also has become one of users� most\r\nfrequently used sources of information. Consistent with the innovation of the Internet as a\r\ncheap but powerful communication device, disclosure of financial and non-financial\r\ninformation on the Internet is becoming an increasingly popular subject of research. Internet\r\nreporting or e-reporting is a very powerful and useful tool for financial reporting\r\ninformation. Internet Financial Reporting (IFR) has become quite a trendy practice of\r\ncommunicating with stakeholders in recent times. World Wide Web (WWW) technologies\r\nare extensively used by ever-increasing number of companies around the world. A growing\r\npercentage of those companies have created and promoted websites on the Internet. There\r\nhave been tendencies to disseminate information on their websites, including financial data,\r\nfinancial performance, social and environmental issues, corporate information, corporate\r\ngovernance, marketing and other information. At this point, a significant amount of academic\r\nresearch has been established in the area of IFR in developed countries such as the United\r\nStates, United Kingdom and other European countries. On the contrary, very few studies are\r\ncarried out in developing countries. Previous IFR studies are divided into three main groups:\r\nsingle-country studies, multi-country studies and international studies. Methodologically,\r\nstudies on IFR are categorized into three main groups: descriptive research, comparative\r\nresearch and explanatory research. This paper seeks to contribute to the existing body of\r\nknowledge concerning online financial reporting by reviewing and documenting the\r\nresearch of IFR.
Loading....