Perceptions of users and preparers towards corporate internet reporting: Evidence from an emerging market
AbstractThis study investigates the perceptions of users and preparers of corporate financial information on Corporate Internet Reporting (CIR) practices adopted by firms listed on the Egyptian Exchange (EGX). Theoretically, this study employs a decision-usefulness theoretical framework. Methodologi...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2023-12-01
|
| Series: | Cogent Business & Management |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23311975.2023.2209976 |
| _version_ | 1797265244352937984 |
|---|---|
| author | Ahmed Hassan Ahmed Mohamed E. Elmaghrabi Omar Ali Alhassoon Ahmed Diab |
| author_facet | Ahmed Hassan Ahmed Mohamed E. Elmaghrabi Omar Ali Alhassoon Ahmed Diab |
| author_sort | Ahmed Hassan Ahmed |
| collection | DOAJ |
| description | AbstractThis study investigates the perceptions of users and preparers of corporate financial information on Corporate Internet Reporting (CIR) practices adopted by firms listed on the Egyptian Exchange (EGX). Theoretically, this study employs a decision-usefulness theoretical framework. Methodologically, a survey was conducted using a questionnaire to gather opinions on internet infrastructure, using the Internet for disclosure reasons in Egypt, and the qualitative attributes of beneficial accounting information. The findings show that most of the participants were satisfied with the investigated issues, but there were significant differences in opinions among respondent groups regarding the security and privacy of internet dissemination. The participants regarded hard-copy annual reports as the primary source of corporate financial disclosure in Egypt, and CIR practices were seen as complementary to hard-copy reports. Additionally, the study found that CIR could improve the quality of accounting information according to the IASB Framework, except for verifiability. The study’s findings hold potential significance for Egyptian regulators and standard-setters responsible for supporting accounting standards applicable to internet disclosures. Disseminating knowledge about CIR practices to concerned groups, such as investors, academicians, regulators, standard-setters, and business organizations, is crucial, given the lack of research into the views of concerned groups regarding CIR practices. The current research seeks to fill this limitation by eliciting responses from users and preparers in Egypt. |
| first_indexed | 2024-03-07T14:19:17Z |
| format | Article |
| id | doaj.art-5a20fb0696c249528798b0ba9a8020dd |
| institution | Directory Open Access Journal |
| issn | 2331-1975 |
| language | English |
| last_indexed | 2024-04-25T00:41:43Z |
| publishDate | 2023-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Business & Management |
| spelling | doaj.art-5a20fb0696c249528798b0ba9a8020dd2024-03-12T08:30:26ZengTaylor & Francis GroupCogent Business & Management2331-19752023-12-0110210.1080/23311975.2023.2209976Perceptions of users and preparers towards corporate internet reporting: Evidence from an emerging marketAhmed Hassan Ahmed0Mohamed E. Elmaghrabi1Omar Ali Alhassoon2Ahmed Diab3School of Business, University of Dundee, Dundee, UKCollege of Business, Al Ain University, Al Ain, UAE & Faculty of Commerce, Damietta University, New Damietta, EgyptCollege of Administration and Finance, Finance Department, Saudi Electronic University, Riyadh, Saudi ArabiaAccounting Department, Prince Sultan University, Riyadh, Saudi Arabia & Faculty of Commerce, Beni-Suef University, Beni-Suef, EgyptAbstractThis study investigates the perceptions of users and preparers of corporate financial information on Corporate Internet Reporting (CIR) practices adopted by firms listed on the Egyptian Exchange (EGX). Theoretically, this study employs a decision-usefulness theoretical framework. Methodologically, a survey was conducted using a questionnaire to gather opinions on internet infrastructure, using the Internet for disclosure reasons in Egypt, and the qualitative attributes of beneficial accounting information. The findings show that most of the participants were satisfied with the investigated issues, but there were significant differences in opinions among respondent groups regarding the security and privacy of internet dissemination. The participants regarded hard-copy annual reports as the primary source of corporate financial disclosure in Egypt, and CIR practices were seen as complementary to hard-copy reports. Additionally, the study found that CIR could improve the quality of accounting information according to the IASB Framework, except for verifiability. The study’s findings hold potential significance for Egyptian regulators and standard-setters responsible for supporting accounting standards applicable to internet disclosures. Disseminating knowledge about CIR practices to concerned groups, such as investors, academicians, regulators, standard-setters, and business organizations, is crucial, given the lack of research into the views of concerned groups regarding CIR practices. The current research seeks to fill this limitation by eliciting responses from users and preparers in Egypt.https://www.tandfonline.com/doi/10.1080/23311975.2023.2209976Financial DisclosureCorporate Internet ReportingQuestionnaireEgypt |
| spellingShingle | Ahmed Hassan Ahmed Mohamed E. Elmaghrabi Omar Ali Alhassoon Ahmed Diab Perceptions of users and preparers towards corporate internet reporting: Evidence from an emerging market Cogent Business & Management Financial Disclosure Corporate Internet Reporting Questionnaire Egypt |
| title | Perceptions of users and preparers towards corporate internet reporting: Evidence from an emerging market |
| title_full | Perceptions of users and preparers towards corporate internet reporting: Evidence from an emerging market |
| title_fullStr | Perceptions of users and preparers towards corporate internet reporting: Evidence from an emerging market |
| title_full_unstemmed | Perceptions of users and preparers towards corporate internet reporting: Evidence from an emerging market |
| title_short | Perceptions of users and preparers towards corporate internet reporting: Evidence from an emerging market |
| title_sort | perceptions of users and preparers towards corporate internet reporting evidence from an emerging market |
| topic | Financial Disclosure Corporate Internet Reporting Questionnaire Egypt |
| url | https://www.tandfonline.com/doi/10.1080/23311975.2023.2209976 |
| work_keys_str_mv | AT ahmedhassanahmed perceptionsofusersandpreparerstowardscorporateinternetreportingevidencefromanemergingmarket AT mohamedeelmaghrabi perceptionsofusersandpreparerstowardscorporateinternetreportingevidencefromanemergingmarket AT omaralialhassoon perceptionsofusersandpreparerstowardscorporateinternetreportingevidencefromanemergingmarket AT ahmeddiab perceptionsofusersandpreparerstowardscorporateinternetreportingevidencefromanemergingmarket |