Firm Traits and Web Based Disclosures in Top Nigerian Firms

Bello Ayuba () and Victor Chiedu Oba ()
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Bello Ayuba: University of Abuja
Victor Chiedu Oba: Nasarawa Sate University

Acta Universitatis Danubius. OEconomica, 2016, issue 12(1), 25-38

Abstract: The use of the internet as a medium of dissemination of information to stakeholders is increasingly gaining grounds. This study extends existing literature on web disclosures by investigating the characteristics that predict the extent of web-based disclosures. In this study, corporate websites of top Nigerian firms are used as sources of data, while a regression analysis is employed to examine the extent of prediction. Results indicate that the firm size and industry type are significant determinants of web disclosures. However, other firm traits such as ownership dispersion and financial performance do not significantly explain the extent of internet disclosures. The study recommends that a regulatory template for corporate web disclosures be put in place by government regardless of the size or industry classification of the firm. This is with a view to considerably reduce agency conflicts arising from information asymmetry in publicly listed firms in Nigeria.

Keywords: Financial Reporting; IT management; Statistical methods (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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