Title: Board composition and voluntary internet financial reporting - evidence from Bangladesh

Authors: Rashedul Hasan; Niaz Mohammad; Ardi Gunardi

Addresses: Faculty of Business, Communication and Law, INTI International University, Malaysia ' Department of Accounting, American International University – Bangladesh, Ka-66/1, Kuratoli Road, Kuril, Khilkhet, Dhaka 1229, Bangladesh ' Faculty of Economics and Business, Universitas Pasundan, Jalan Tamansari No. 6–8 Bandung, 40116, Indonesia

Abstract: Internet financial reporting (IFR) can provide a low-cost mechanism for the listed company to reach a wider audience and reduce information asymmetry. This paper establishes several factors that are influencing IFR among selected listed firms in Bangladesh. The extent of IFR is determined using a disclosure index through content analysis. It was found that the overall IFR disclosure score is very low (17.77%) while low technology industries have disclosed more information on the internet. Regression results establish profitability as the most significant predictor of IFR. The proportion of independent directors on the board has a significant negative influence on IFR. The study incorporated the impact of internal governance mechanism on IFR. This research has important contributions toward educating stakeholders about the drivers of corporate internet financial reporting in Bangladesh. Future research can be initiated to determine the ability of IFR to complement audited annual reports as a green initiative.

Keywords: internet financial reporting; IFR; governance; profitability; Bangladesh.

DOI: 10.1504/IJPSPM.2022.121734

International Journal of Public Sector Performance Management, 2022 Vol.9 No.3, pp.258 - 272

Received: 09 Feb 2018
Accepted: 18 Sep 2018
Published online: 07 Apr 2022 *

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