The Impact of Corporate Governance on Internet Financial Reporting in Concentrated Ownership Companies

Romilda Mazzotta () and Giovanni Bronzetti ()
Additional contact information
Romilda Mazzotta: University of Calabria
Giovanni Bronzetti: University of Calabria

A chapter in Organizational Change and Information Systems, 2013, pp 93-108 from Springer

Abstract: Abstract In the context of agency theory this study investigates the effect of corporate governance (CG) on Internet Financial Reporting (IFR) disclosure in a concentrated ownership environment, such as Italy. We hypothesize that IFR may be explained in term of increasing transparency in order to defend minority shareholder interest, so we predict, and find, a positive association between the extent of a firm’s IFR and its CG and a negative association between IFR and ownership structure. CG is measured by ownership structure, using as a proxy the share held by the first three major shareholders and by managerial ownership, and by board composition, captured through the incidence of independent director (IND) and of a Non-Executive Chair (NEC). IFR is measured taking into consideration the content and format of information present in Investor Relations sections.

Keywords: Voluntary disclosure; Internet financial reporting; Independent director; Managerial ownership; Non executive chair (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:lnichp:978-3-642-37228-5_10

Ordering information: This item can be ordered from
http://www.springer.com/9783642372285

DOI: 10.1007/978-3-642-37228-5_10

Access Statistics for this chapter

More chapters in Lecture Notes in Information Systems and Organization from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().