Page 5 - IILMGSM Journal_Management Perspective
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ERNET-BASED CORPORATE REPORTING: EVIDENCE FROM INDIAN GDRs
Abstract Introduction
The present research paper examines the utilization
of web-based facilities for communicating corporate Corporate reporting is the process of communicating
information by companies in India to its both financial and non-financial information related
stakeholders. The sample consists of Indian GDRs to resources and performance of reporting entity
listed in London, Luxemburg and Singapore from (Accounting Standards Steering Committee, 1975).
various sectors of the economy. The survey reveals
that out of 110 GDRs only 86 (78%) had active Information disclosure is considered to be
websites and all the companies distributed their unavoidable and vital in the modern business
current year annual reports on their websites and scenario as it avoids probable issues related to
84 (97.67%) also included auditors‘report of the information asymmetry and agency problems.
previous year. A scoring format has been Usually the companies use print-media to
developed to measure the level of web-based disseminate corporate information to its
corporate reporting and to check the degree of stakeholders. But in recent times, due to increased
corporate reporting across the various sectors. economic, market and regulatory pressures
The study shows that internet-based corporate companies have to accumulate and publish
reporting is relatively good among internationally information regarding financial performance, social
listed companies. and environmental issues, corporate governance,
Keywords: Corporate Reporting, internet-based and product related details as well as other
Reporting, GDRs information frequently (Khan and Ismail, 2012 ), in
detail and in variety of formats. The emergence of
Dr. Anindita Chakraborty, Assistant Professor, internet technology has provided a new way to
Faculty of Management Studies, Banaras Hindu companies for communicating their information.
University, Varanasi (UP). Web-based corporate reporting has become relatively
aninditachakraborty19@gmail.com popular during present times.
Almost every company maintains its website. It has
also become mandatory for the organizations to
disclose information on website with the
implementation of Right to Information Act, 2005.
Firms can publish their financial information using
different mediums either through print reports or
various electronic media (Momany and Pillai,
2010). With the rapid development of internet
technologies, communications through the internet
have been adopted as an essential tool to disseminate
information. It has the potential to exhibit distinctive
and attractive features of information which make it
an efficient and cost effective measure as compared
4
Abstract Introduction
The present research paper examines the utilization
of web-based facilities for communicating corporate Corporate reporting is the process of communicating
information by companies in India to its both financial and non-financial information related
stakeholders. The sample consists of Indian GDRs to resources and performance of reporting entity
listed in London, Luxemburg and Singapore from (Accounting Standards Steering Committee, 1975).
various sectors of the economy. The survey reveals
that out of 110 GDRs only 86 (78%) had active Information disclosure is considered to be
websites and all the companies distributed their unavoidable and vital in the modern business
current year annual reports on their websites and scenario as it avoids probable issues related to
84 (97.67%) also included auditors‘report of the information asymmetry and agency problems.
previous year. A scoring format has been Usually the companies use print-media to
developed to measure the level of web-based disseminate corporate information to its
corporate reporting and to check the degree of stakeholders. But in recent times, due to increased
corporate reporting across the various sectors. economic, market and regulatory pressures
The study shows that internet-based corporate companies have to accumulate and publish
reporting is relatively good among internationally information regarding financial performance, social
listed companies. and environmental issues, corporate governance,
Keywords: Corporate Reporting, internet-based and product related details as well as other
Reporting, GDRs information frequently (Khan and Ismail, 2012 ), in
detail and in variety of formats. The emergence of
Dr. Anindita Chakraborty, Assistant Professor, internet technology has provided a new way to
Faculty of Management Studies, Banaras Hindu companies for communicating their information.
University, Varanasi (UP). Web-based corporate reporting has become relatively
aninditachakraborty19@gmail.com popular during present times.
Almost every company maintains its website. It has
also become mandatory for the organizations to
disclose information on website with the
implementation of Right to Information Act, 2005.
Firms can publish their financial information using
different mediums either through print reports or
various electronic media (Momany and Pillai,
2010). With the rapid development of internet
technologies, communications through the internet
have been adopted as an essential tool to disseminate
information. It has the potential to exhibit distinctive
and attractive features of information which make it
an efficient and cost effective measure as compared
4
