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cent of the listed companies were found to have internet. If the companies get active on internet, the
a website. The number of companies (sector-wise) information gap which exists between insiders and
with a website ranges from 0 to 14, indicating a good outsiders of the company can be resolved and the
level of web presence. The results also show that benefits can be ensuing by both the parties. Web-
the electric sector has very good web presence among based corporate reporting is now inevitable and no
all the sectors. country can afford to ignore it to be a part of global
economy. Because internet has many advantages and
From the study it can be said that although the due to this it emerge as a pertinent method of
companies are internationally listed they need to corporate reporting.
work hard to channelize their information through
Appendix-I: List of Web-based Disclosure Items
A. Financial Items
1 Balance sheet and Profit & Loss A/C of current year
2 Interim statements of current year
3 Cash flow statement of current year
4 Auditor’s report of current year
5 Auditor’s name
6 Annual report of current year
7 International auditor
8 Balance sheet and Profit & Loss A/C of past years
9 Financial reports of the subsidiaries
10 Financial ratios
11 Segment reporting
12 Current share price
13 Share price history
14 Share price history
15 Press releases or news
B. Corporate Governance Items
16 Shareholding structure
17 Number of shares
18 Classes of shares
19 Directors’ information
20 Executive Officers’ information
(15)
a website. The number of companies (sector-wise) information gap which exists between insiders and
with a website ranges from 0 to 14, indicating a good outsiders of the company can be resolved and the
level of web presence. The results also show that benefits can be ensuing by both the parties. Web-
the electric sector has very good web presence among based corporate reporting is now inevitable and no
all the sectors. country can afford to ignore it to be a part of global
economy. Because internet has many advantages and
From the study it can be said that although the due to this it emerge as a pertinent method of
companies are internationally listed they need to corporate reporting.
work hard to channelize their information through
Appendix-I: List of Web-based Disclosure Items
A. Financial Items
1 Balance sheet and Profit & Loss A/C of current year
2 Interim statements of current year
3 Cash flow statement of current year
4 Auditor’s report of current year
5 Auditor’s name
6 Annual report of current year
7 International auditor
8 Balance sheet and Profit & Loss A/C of past years
9 Financial reports of the subsidiaries
10 Financial ratios
11 Segment reporting
12 Current share price
13 Share price history
14 Share price history
15 Press releases or news
B. Corporate Governance Items
16 Shareholding structure
17 Number of shares
18 Classes of shares
19 Directors’ information
20 Executive Officers’ information
(15)
