A Study on the Relationship between Firm's Characteristics and Website Information Disclosure
Date Issued
2004
Date
2004
Author(s)
Huang, Wen-Lin
DOI
zh-TW
Abstract
This study develops a measurement of information transparency at corporate website and uses it to investigate the association between firm's characteristics and information disclosure at their websites. Differing from previous studies, this study considers not only the quantity but also the quality of information disclosure. In addition, factors of corporate governance and international finance policy are also included in the characteristics of firms. This study posits ten hypotheses about the relationship between corporate characteristics and website information disclosure. Multiple regression analysis is conducted to test these hypotheses. The result shows that statistically significant positive relationships exists between degree of information transparency and eight firm characteristics - size, profitability, leverage, industry, issuing securities abroad, issuing securities in US, intangible assets and institutional ownership. However, corporate governance variables, such as director ownership and outside directors are not significantly related to the information disclosure on corporate website.
Subjects
公司特性
公司網站
corporate website
information disclosure
Type
other
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