Financial Reporting Practices on the Internet: The Case of Companies Listed in the Cyprus Stock Exchange

Abstract

This paper studies reporting disclosure practices on the websites of companies listed in the Cyprus Stock Exchange. The first part of the paper produces and discusses descriptive evidence on internet reporting practices by listed companies with respect to the content of disclosed information and industry type. The second part of the paper undertakes an explanatory effort in order to identify the factors that determine internet reporting practices for listed firms in the Cyprus Stock Exchange. Financial reporting on the internet is not largely adopted for the firms listed in Cyprus Stock Exchange, as compared with international evidence in this area. Firm size has been shown to be the only significant explanatory variable for internet reporting practices.