The Effects of the Corporate Governance on the Level of Internet Financial Reporting: Evidence from Turkish Companies
Internet financial reporting and corporate governance
issues are in the focus of academic and professional studies due to
their attributed importance by stakeholders of corporations. Major
aim of this study is to reveal the relationship between internet
financial reporting which is held as dependent variable and some
indicators of corporate governance such as the ratio of managerial
ownership, blockholder ownership, number of independent members
in the board of directors, frequency of meetings by audit committee
and education level of audit committee members which are held as
independent variables. Main purpose is to reveal the effect of
corporate governance on the voluntary efforts of Internet Financial
reporting. The scope of the research is limited to the Turkish
Corporations listed in Borsa Istanbul (Istanbul Stock Exchange) and
findings which are generated by means of SPSS software are revealed
in results section and interpreted in conclusions.
[1] Wagenhofer, A., “Economic Consequences of Internet Financial
Reporting” Schmalenbach Business Review, 2003, Vol 55 262-279.
[2] Debreceny, R., Gray, G., Rahman, A., “The determinants of Internet
financial reporting” Journal of Accounting and Public Policy 21 (2002)
371-394.
[3] Bozcuk, A.E., Aslan, S., Arzova, S.B., “Internet Financial Reporting in
Turkey” EuroMed Journal of Business. Vol:6, Issue:3 313-323, 2011.
[4] Lisa Mary Thomson, ET Bureau (2009), What is corporate
governance?.http://articles.economictimes.indiatimes.com/2009-01-
18/news/28462497_1_corporate-governance-satyam-books-fraud-bysatyam-
founder. d.a. 23.02.2015.
[5] Jones, M.J., Xiao, J.Z., “Financial reporting on the Internet by 2010: a
consensus view” Accounting Forum. 28 (2004) 237-263.
[6] Bushman, R.M., Smith, A.J., “Transparency, Financial Accounting
Information, and Corporate Governance” FRBNY Economic Policy
Review, April 2003.
[7] Kelton, S.A., Yang, Y., “The impact of corporate governance on internet
financial reporting” Journal of Accounting and Public Policy.Vol 27 62-
87 (2008).
[8] Ashbaugh, H., Johnstone, K.M., Warfield, T.D., “Corporate reporting on
the internet” Accounting Horizone. 13 (3), 241-257, (1999).
[9] Ojah, K., Mokoteli, T.M., “Internet financial reporting, infrastructures
and corporate governance: An international analysis” Review of
Development Finance. 2 (2012) 69-83.
[10] Puspitaningrum, D., Atmini, S., “Corporate governance mechanism and
the level of internet financial reporting: Evidence from Indonesian
companies” Procedia Economics and Finance. 2 (2012) 157-166.
[11] Yap, K.H., Saleh, Z., Abessi, M., “International Financial Reporting and
Corporate Governance in Malaysia” Australian Journal of Basic and
Applied Sciences. 5 (10) 1273-1289, 2011.
[12] Ezat, A. (2009) “The Impact of Corporate Governance on the Timeliness
of Corporate Internet Reporting by Egyptian Listed Companies”.
Proceedings of the Postgraduate Symposium (176-199). University of
Plymouth Faculty of Social Science and Business.
[13] Abdelsalam, H.O., Street, D.L., “Corporate governance and the
timeliness of corporate internet reporting by U.K. listed companies”
Journal of International Accounting, Auditing and Taxation. Vol 6 111-
130 (2007).
[14] Yap, K.H., Saleh, Z., Abessi, M., “International Financial Reporting and
Corporate Governance in Malaysia” Australian Journal of Basic and
Applied Sciences.5 (10) 1273-1289, 2011.
[15] Kula, V., “Kurumsal Yönetim: Sorunun Boyutları ve Beklenen
Gelişmeler. C. C. Aktaniçinde, Kurumsal Şirket Yönetimi (s. 101-127).
Ankara: Sermaye Piyasası Kurulu, (2006).
[16] Suer, H., “İMKB'de Kurumsal Yönetim ve Firma Değeri İlişkisinin
Modellenmesine İlişkin Bir Uygulama. Doktora Tezi”. İstanbul: İstanbul
Üniversitesi Sosyal Bilimler Enstitüsü, (2011).
[17] Abbott, L.J., Parker, S., Peter, G.F., Raghunandan, K., “The Association
between Audit Committee Characteristics and Audit Fees”. Auditing: A
Journal of Practice and Theory. 22 (2) 17-32, (2003).
[18] Qasim, A., “Corporate Governance Mechanisms and Web-Based
Investor Relations Activities: an Empirical Examination on Companies
Listed in Abu Dhabi Stock Exchange” Research Journal of Finance and
Accounting. 6-14, (2014).
[19] Stiglbauer, M. (2010) “Transparency & disclosure on corporate
governance as a key factor of companies’ success: a simultaneous
equations analysis for Germany” Problems and Perspectives in
Management. Vol: 8 Issue: 1, (2010).
[20] Loukas,S., Corporate Reporting on the Internet in a European Emerging
Capital Market: The Greek Case”, European Journal of Economics,
Finance and Administrative Sciences , 1-23, (2006).
[1] Wagenhofer, A., “Economic Consequences of Internet Financial
Reporting” Schmalenbach Business Review, 2003, Vol 55 262-279.
[2] Debreceny, R., Gray, G., Rahman, A., “The determinants of Internet
financial reporting” Journal of Accounting and Public Policy 21 (2002)
371-394.
[3] Bozcuk, A.E., Aslan, S., Arzova, S.B., “Internet Financial Reporting in
Turkey” EuroMed Journal of Business. Vol:6, Issue:3 313-323, 2011.
[4] Lisa Mary Thomson, ET Bureau (2009), What is corporate
governance?.http://articles.economictimes.indiatimes.com/2009-01-
18/news/28462497_1_corporate-governance-satyam-books-fraud-bysatyam-
founder. d.a. 23.02.2015.
[5] Jones, M.J., Xiao, J.Z., “Financial reporting on the Internet by 2010: a
consensus view” Accounting Forum. 28 (2004) 237-263.
[6] Bushman, R.M., Smith, A.J., “Transparency, Financial Accounting
Information, and Corporate Governance” FRBNY Economic Policy
Review, April 2003.
[7] Kelton, S.A., Yang, Y., “The impact of corporate governance on internet
financial reporting” Journal of Accounting and Public Policy.Vol 27 62-
87 (2008).
[8] Ashbaugh, H., Johnstone, K.M., Warfield, T.D., “Corporate reporting on
the internet” Accounting Horizone. 13 (3), 241-257, (1999).
[9] Ojah, K., Mokoteli, T.M., “Internet financial reporting, infrastructures
and corporate governance: An international analysis” Review of
Development Finance. 2 (2012) 69-83.
[10] Puspitaningrum, D., Atmini, S., “Corporate governance mechanism and
the level of internet financial reporting: Evidence from Indonesian
companies” Procedia Economics and Finance. 2 (2012) 157-166.
[11] Yap, K.H., Saleh, Z., Abessi, M., “International Financial Reporting and
Corporate Governance in Malaysia” Australian Journal of Basic and
Applied Sciences. 5 (10) 1273-1289, 2011.
[12] Ezat, A. (2009) “The Impact of Corporate Governance on the Timeliness
of Corporate Internet Reporting by Egyptian Listed Companies”.
Proceedings of the Postgraduate Symposium (176-199). University of
Plymouth Faculty of Social Science and Business.
[13] Abdelsalam, H.O., Street, D.L., “Corporate governance and the
timeliness of corporate internet reporting by U.K. listed companies”
Journal of International Accounting, Auditing and Taxation. Vol 6 111-
130 (2007).
[14] Yap, K.H., Saleh, Z., Abessi, M., “International Financial Reporting and
Corporate Governance in Malaysia” Australian Journal of Basic and
Applied Sciences.5 (10) 1273-1289, 2011.
[15] Kula, V., “Kurumsal Yönetim: Sorunun Boyutları ve Beklenen
Gelişmeler. C. C. Aktaniçinde, Kurumsal Şirket Yönetimi (s. 101-127).
Ankara: Sermaye Piyasası Kurulu, (2006).
[16] Suer, H., “İMKB'de Kurumsal Yönetim ve Firma Değeri İlişkisinin
Modellenmesine İlişkin Bir Uygulama. Doktora Tezi”. İstanbul: İstanbul
Üniversitesi Sosyal Bilimler Enstitüsü, (2011).
[17] Abbott, L.J., Parker, S., Peter, G.F., Raghunandan, K., “The Association
between Audit Committee Characteristics and Audit Fees”. Auditing: A
Journal of Practice and Theory. 22 (2) 17-32, (2003).
[18] Qasim, A., “Corporate Governance Mechanisms and Web-Based
Investor Relations Activities: an Empirical Examination on Companies
Listed in Abu Dhabi Stock Exchange” Research Journal of Finance and
Accounting. 6-14, (2014).
[19] Stiglbauer, M. (2010) “Transparency & disclosure on corporate
governance as a key factor of companies’ success: a simultaneous
equations analysis for Germany” Problems and Perspectives in
Management. Vol: 8 Issue: 1, (2010).
[20] Loukas,S., Corporate Reporting on the Internet in a European Emerging
Capital Market: The Greek Case”, European Journal of Economics,
Finance and Administrative Sciences , 1-23, (2006).
@article{"International Journal of Business, Human and Social Sciences:69398", author = "Raif Parlakkaya and Umran Kahraman and Huseyin Cetin", title = "The Effects of the Corporate Governance on the Level of Internet Financial Reporting: Evidence from Turkish Companies", abstract = "Internet financial reporting and corporate governance
issues are in the focus of academic and professional studies due to
their attributed importance by stakeholders of corporations. Major
aim of this study is to reveal the relationship between internet
financial reporting which is held as dependent variable and some
indicators of corporate governance such as the ratio of managerial
ownership, blockholder ownership, number of independent members
in the board of directors, frequency of meetings by audit committee
and education level of audit committee members which are held as
independent variables. Main purpose is to reveal the effect of
corporate governance on the voluntary efforts of Internet Financial
reporting. The scope of the research is limited to the Turkish
Corporations listed in Borsa Istanbul (Istanbul Stock Exchange) and
findings which are generated by means of SPSS software are revealed
in results section and interpreted in conclusions.
", keywords = "Audit Committee, Corporate Governance, Internet
Financial Reporting, Managerial Ownership.", volume = "9", number = "3", pages = "920-5", }
