Influencing Factors on web-based Financial Information Disclosure

The rapid changes in information and communication technology, especially the internet, have diversified all dimensions of today’s life. As a scientific principle, the accounting is not an exception to these changes, and a novel ground has been introduced in the financial reporting under the title of Web-based financial reporting. Due to the importance of this kind of reporting which has an enormous impact on the identification of factors critical for decision makers, this study aims to identify the factors affecting disclosure and financial reporting using the internet in the firms registered in the Tehran stock market. The data between the years 2010 to 2014 is used in the study. The sample of the study includes all the firms in the Tehran Stock Market. After primary analysis a sample size of 76 is selected randomly within the market. To investigate the relationship between the variables 4 hypotheses are developed. The independent variables include: size, age, ROA and liquidity of the firms and the dependent variables include internet-based corporate disclosure index. Also, to ensure that the analysis takes into account correct form of relationship between the dependent variable and independent variables, 3 control variables are taken into account, including: financial leverage, growth rate, price-to-book ratio to test the hypotheses, the authors have utilized OLS (Ordinary Least Square), using EVIEWS 7 software. The results indicate that, the firm size, firm’s age, ROA and liquidity of the firms has a meaningful impact on internet-based corporate disclosure index of the firms.