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Board composition and corporate reporting on internet: Indian evidence

Board composition and corporate reporting on internet: Indian evidence PurposeThe purpose of this paper is to investigate the impact of board composition on the level of corporate internet reporting (CIR) practices.Design/methodology/approachThis study uses content analysis to examine the CIR practices of 140 Indian companies selected from the Bombay Stock Exchange 200 index for the year 2015. CIR was measured on a comprehensive internet disclosure index of 136 items capturing both content and presentation dimensions. Regression analysis was used to explore the impact of board composition (board size, board independence, frequency of board meetings, CEO duality and family members on the board) and audit committee characteristics on CIR while controlling the impact of variables firm size, leverage, profitability and industry type.FindingsThe findings reveal that larger boards, boards with less family members and audit committees that meet more frequently are more likely to engage in CIR practices. In addition, larger firms and firms that make less use of debt tend to disclose more information on their websites.Research limitations/implicationsThe focus of the study has been on one aspect of corporate governance mechanisms i.e. board characteristics. Future studies can explore the impact of ownership structure on CIR practices.Originality/valueThis study extends the prior CIR research by demonstrating the effectiveness of corporate governance mechanisms in particular board characteristics in adopting internet reporting practices for Indian companies. The examination of the relationship between corporate reporting on the internet and corporate governance aids regulators in evaluating and enhancing the effectiveness of the boards. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Financial Reporting and Accounting Emerald Publishing

Board composition and corporate reporting on internet: Indian evidence

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1985-2517
DOI
10.1108/JFRA-05-2017-0031
Publisher site
See Article on Publisher Site

Abstract

PurposeThe purpose of this paper is to investigate the impact of board composition on the level of corporate internet reporting (CIR) practices.Design/methodology/approachThis study uses content analysis to examine the CIR practices of 140 Indian companies selected from the Bombay Stock Exchange 200 index for the year 2015. CIR was measured on a comprehensive internet disclosure index of 136 items capturing both content and presentation dimensions. Regression analysis was used to explore the impact of board composition (board size, board independence, frequency of board meetings, CEO duality and family members on the board) and audit committee characteristics on CIR while controlling the impact of variables firm size, leverage, profitability and industry type.FindingsThe findings reveal that larger boards, boards with less family members and audit committees that meet more frequently are more likely to engage in CIR practices. In addition, larger firms and firms that make less use of debt tend to disclose more information on their websites.Research limitations/implicationsThe focus of the study has been on one aspect of corporate governance mechanisms i.e. board characteristics. Future studies can explore the impact of ownership structure on CIR practices.Originality/valueThis study extends the prior CIR research by demonstrating the effectiveness of corporate governance mechanisms in particular board characteristics in adopting internet reporting practices for Indian companies. The examination of the relationship between corporate reporting on the internet and corporate governance aids regulators in evaluating and enhancing the effectiveness of the boards.

Journal

Journal of Financial Reporting and Accounting – Emerald Publishing

Published: Jun 24, 2019

References

  • The effects of audit committee activity and independence on corporate fraud
  • An examination of the comprehensiveness of corporate internet reporting provided by london-listed companies
  • The impact of board independence and ownership structure on the timeliness of corporate internet reporting of Irish-listed companies
  • Corporate governance and the timeliness of corporate internet reporting by UK listed companies
  • Developments in internet financial reporting: review and analysis, across five developed countries
  • Determinants of corporate internet reporting: evidence from Egypt
  • Board characteristics, accounting report integrity, and the cost of debt
  • Founding‐family ownership and firm performance: evidence from the S&P 500
  • Corporate reporting on the internet
  • Determinants of voluntary disclosures in Kenyan companies annual reports
  • Factors influencing voluntary corporate disclosure by Kenyan companies
  • An empirical analysis of the relation between the board of director composition and financial statement fraud
  • Fraudulent financial reporting: consideration of industry traits and corporate governance mechanisms