Web based financial disclosure in European con-text: European transparency directive analysis

  • Authors

    • Dhouha khrifech faculty of Economics and Management of sfax
    • Walid Khoufi
    • Ahmed Ghorbel
    2017-12-22
    https://doi.org/10.14419/ijaes.v6i1.8631
  • Corporate Websites, European Directive, Information Disclosure, OLS Rank Transformation Regression, Regulatory Information.

  • Abstract

    This study aims to explain the relationship between firm specific characteristics and the corporate Web based disclosure level in European Union countries. European companies should apply the transparency directive requirements, which clarifies principal component of corporate Websites content. We analyze the Websites content of 197 listed groups on capital market of six European countries: Germany, Spain, French, Italy, Netherlands and UK.

    Web disclosure level, endogenous variable, is measured by disclosure index. It includes four dimensions: content, timeliness, technology and user supports.

    Our findings show that profitability, concentration ownership, information technology (IT) sector and Big 4 affect significantly Web disclosure index. We conclude that IT sector determining factor of Web financial disclosure in Europe.

  • References

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  • How to Cite

    khrifech, D., Khoufi, W., & Ghorbel, A. (2017). Web based financial disclosure in European con-text: European transparency directive analysis. International Journal of Accounting and Economics Studies, 6(1), 11-24. https://doi.org/10.14419/ijaes.v6i1.8631

    Received date: 2017-11-09

    Accepted date: 2017-12-11

    Published date: 2017-12-22