The use of Web sites as a disclosure platform for corporate performance

International Journal of Accounting Information Systems

Volumn 10, Issue 1, 2009, Pages 1-24

  Cormier, Denis ^a   Ledoux, Marie Josée ^a   Magnan, Michel ^b  

^a Université du Québec à Montréal   (Canada)

^b John Molson School of Business   (Canada)

Author keywords

Corporate disclosure; Information costs and benefits; Product market competition; Voluntary disclosure; Web reporting

Indexed keywords

EID: 59849091729     PISSN: 14670895     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.accinf.2008.04.002     Document Type: Article

References (64)

1. Aboody D., Barth M., and Kasznik R. SFAS No. 123 stock-based compensation expense and equity market values. Account Rev 79 2 (2004) 251-275
2. Ader C. A longitudinal study of agenda setting for the issue of environmental pollution. Journal Mass Commun Q 72 2 (1995) 300-311
3. Aerts W., Cormier D., Gordon I., and Magnan M. Performance disclosure on the web: an exploration of the impact of managers' perceptions of stakeholder concerns. Int J Digit Account Res 6 12 (2006) 159-192
4. Aerts W., Cormier D., and Magnan M. The association between web-based performance disclosure and financial analyst behaviour under different governance regimes. Corp Gov: Int Rev 15 6 (2007) 1301-1329
5. American Institute of Certified Public Accountants. Improving business reporting: a customer focus (1994), AICPA, New York
6. Amir E., and Lev M. Value-relevance of non financial information: the wireless communication industry. J Account Econ 22 1-3 (1996) 3-30
7. André P., Kooli M., and L'Her J.F. The long run performance of mergers and acquisitions: evidence from the Canadian stock market. Financ Manage 33 4 (2004) 27-43
8. Association for Investment Management and Research. An annual review of corporate reporting practices (2002), AIMR, New York
9. Atiase R. Predisclosure information, firm capitalization, and security price behavior around earnings announcements. J Acc Res 23 (1985) 21-36 (Spring)
10. Ball R., Robin A., and Wu J. Incentives versus standards: properties of accounting income in four East Asia countries. J Account Econ 36 (2003) 235-270
11. Banker R., Potter G., and Srinivasan D. An empirical investigation of an incentive plan that includes nonfinancial performance measures. Account Rev 75 1 (2000) 55-75
12. Botosan C.A. Disclosure level and the cost of equity capital. Account Rev 72 3 (1997) 323-350
13. Botosan C., and Harris M.S. Motivations for a change in disclosure frequency and its consequences: an examination of voluntary quarterly segment disclosures. J Acc Res 38 2 (2000) 329-353
14. Bowen R.M., Ducharme L., and Shores D. Stakeholders implicit claims and accounting method choice. J Account Econ 20 3 (1995) 255-295
15. Brown N., and Deegan C. The public disclosure of environmental performance information - a dual test of media agenda setting theory and legitimacy theory. Account Bus Res 29 1 (1998) 21-41
16. Clarkson P., Kao J.L., and Richardson G.D. The voluntary inclusion of forecasts in the MD&A section of annual reports. Contemp Account Res 11 (1994) 423-450 (Fall)
17. Cochran P., and Wood R. Corporate social responsibility and financial performance. Acad Manage J 27 1 (1984) 42-56
18. Cormier D., and Magnan M. Corporate environmental disclosure strategies: determinants, costs and benefits. J Account Audit Financ 14 3 (1999) 429-451
19. Cormier D., and Magnan M. Environmental reporting management: a European perspective. J Account Public Policy 22 1 (2003) 43-62
20. Darrough M., and Stoughton N. Financial disclosure policy in an entry game. J Account Econ 21 (1990) 219-243 (January)
21. Debreceny R., Gray G.L., and Rashman A. The determinants of internet financial reporting. J Account Public Policy 21 4 (2002) 371-394
22. Deegan C., and Rankin M. A study of the environmental disclosure practices of Australian corporations. Account Bus Res 26 3 (1996) 187-199
23. Dempsey S.J., Gatti J.F., Grinnell D.J., and Cats-Baril W.L. The use of strategic performance variables as leading indicators in financial analysts' forecasts. J Financ Statement Anal 2 4 (1997) 61-79
24. Dye R. Disclosure of nonproprietary information. J Account Res 23 (1985) 123-145 (Spring)
25. Financial Accounting Standards Board. Improving business reporting: insights into enhancing voluntary disclosures (2001), FASB, Stamford
26. Frankel R.M., McNichols, and Wilson G.P. Discretionary disclosure and external financing. Account Rev 70 1 (1995) 135-150
27. Frankel R., Johnson M., and Skinner J.D. An empirical examination of conference calls as a voluntary disclosure medium. J Account Res 37 1 (1999) 133-150
28. Gibbins M., Richardson A., and Waterhouse J. The management of corporate financial disclosures: opportunism, ritualism, policies, and processes. J Account Res 28 (1990) 121-143 (Spring)
29. Healy P.M., and Palepu K.G. Information asymmetry, corporate disclosure, and capital markets: a review of empirical disclosure literature. J Account Econ 31 1/3 (2001) 405-440
30. Healy P., Hutton A.P., and Palepu K.G. Stock performance and intermediation changes surrounding sustained increases in disclosure. Contemp Account Res 16 3 (1999) 485-520
31. Henriques I., and Sadorski P. The determinants of an environmentally responsive firm: an empirical approach. J Environ Econ Manage 30 3 (1996) 381-395
32. Hope O.K. Disclosure practices, enforcement of accounting standards and analysts' forecasts accuracy: an international study. J Account Res 41 2 (2003) 273-272
33. Hope O.K. Analyst following and the influence of disclosure components, IPOs and ownership concentration. Asia-Pac J Account Econ 10 (2003) 117-141
34. International Accounting Standards. Investments in associates. IAS vol. 28 (2004), International Accounting Standards Committee, London
35. Ittner C., and Larcker D. Are non-financial measures leading indicators of financial performance? An analysis of customer satisfaction. J Account Res 36 (1998) 1-35 (supplement)
36. Ittner C., and Larcker D. Innovations in performance measurement: trends and research implications. J Manage Account Res 10 (1998) 205-238
37. Kaplan R.S., and Norton D.P. The balanced scorecard: translating strategy into actions (1996), Harvard Business Scholl Press, MA
38. Kim O., and Verrecchia R. Market liquidity and volume around earnings announcements. J Account Econ 17 1 (1994) 41-68
39. Knight R.F., and Affleck-Graves J.F. The impact of disclosure requirements on the systematic risk of South African companies. J Bus Finance Account 13 1 (1986) 8-94
40. Kothari S., and Zimmerman J. Price and return models. J Account Econ 20 (1995) 155-192
41. Lang M., and Lundholm R. Cross-sectional determinants of analyst ratings of corporate disclosures. J Account Res 31 2 (1993) 246-271
42. Leuz C., and Verrecchia R. The economic consequences of increased disclosure. J Account Res 38 (2000) 91-124 (supplement)
43. Lev B., and Zarowin P. The boundaries of financial reporting and how to extend them. J Account Res 37 3 (1999) 353-385
44. Marston C.L., and Polei A. Corporate reporting on the internet by German companies. Int J Account Inf Syst 5 3 (2004) 285-311
45. McGuire J., Sundgren A., and Schneewei T. Corporate social responsibility and firm financial performance. Acad Manage J 31 4 (1988) 854-872
46. Milgrom P.R. Good news and bad news: representation theorems and applications. Bell J Econ 12 (1981) 380-391 (Fall)
47. Mills D., and Gardner M. Financial profiles and the disclosure of expenditures for socially responsible purposes. J Bus Res 10 (1984) 407-424 (December)
48. Neu D., Warsame H., and Pedwell K. Managing public impressions: environmental disclosures in annual reports. Account Organ Soc 23 3 (1998) 265-282
49. Nunnaly J. Psychometric theory (1978), McGraw Hill, New York end Edition
50. Pirchegger B., and Wagenhofer A. Financial information on the internet: a survey of homepages of Austrian companies. Eur Account Rev 8 2 (1999) 383-395
51. Porter M.E. Towards a dynamic theory of strategy. Strateg Manage J 12 8 (1991) 95-17
52. Richardson A.J., and Welker M. Social disclosure, financial disclosure and the cost of capital. Account Organ Soc 26 7/8 (2001) 597-616
53. Robb S.W.G., Single L.E., and Zarzeski M.T. Nonfinancial disclosures across Anglo-American countries. J Int Account Audit Tax 10 (2001) 71-83
54. Roberts R.W. Determinants of corporate social responsibility disclosure: an application of stakeholder theory. Account Organ Soc 17 6 (1992) 595-612
55. Roe M.J. Political determinants of corporate governance (2003), Oxford University Press, New York
56. Said A., HassabElbany H., and Wier B. An empirical investigation of the performance consequences of nonfinancial measures. J Manage Account Res 15 (2003) 193-223
57. Scott T. Incentives and disincentives for financial disclosure: voluntary disclosure of defined benefit pension plan information by French firms. Account Rev 69 1 (1994) 26-43
58. Smith R.R., and Wright W.F. Determinants of customer loyalty and financial performance. J Manage Account Res 16 (2004) 183-205
59. Standard & Poors. Transparency and disclosure: overview of methodology and study results - United States (2002) New York
60. Turban D.B., and Greening D.W. Corporate social performance and organizational attractiveness to prospective employees. Acad Manage J 40 3 (1997) 658-672
61. Wallman S.M.H. The future of accounting and disclosure in an evolving world: the need for dramatic change. Account Horiz 9 3 (1995) 81-921
62. Williams M.L., and Bauer T.N. The effect of managing diversity policy on organizational attractiveness. Group Organ Manage 19 (1994) 295-308
63. Williams S.M., and Ho Wern Pei C.A. Corporate social disclosures by listed companies on their web sites: an international comparison. Int J Account 34 3 (1999) 389-419
64. Wiseman J. An evaluation of environmental disclosures made in corporate annual reports. Account Organ Soc 7 4 (1982) 53-64