Corporate Ownership, Internet Penetration and Internet Financial Reporting: Evidence from the Gulf Cooperation Council Countries

IF 0.8 Q4 BUSINESS, FINANCE

Asian Journal of Business and Accounting Pub Date : 2018-06-28 DOI:10.22452/ajba.vol11no1.7

A. Ariff, Bin Hasan, H. A. Hashim

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引用次数: 13

Abstract

Manuscript type: Research paper. Research aims: This study aims to examine how the individual effect of company-level ownership structure and the joint-effect of company-level ownership structure with country-level Internet penetration, can impact on Internet Financial Reporting (IFR). Design/ Methodology/ Approach: An index consisting of 35 IFR items was used to collect information from 152 listed financial com- panies from the Gulf Cooperation Council (GCC) countries. These companies were from Bahrain, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Data were analysed using regression analysis. Research findings: The findings imply that companies with high government and family ownerships have lower extent of IFR. High quality IFR is evident in companies located in countries with a strong Internet penetration. However, the association between corporate ownership structure and IFR is not influenced by the country’s Internet penetration. Theoretical contributions/ Originality: Our study is the first cross- country comparative analysis that utilises data from the GCC coun- tries to explore the determinants of the IFR. This study incorporates company-level governance and country-level institutional factors which are relevant and unique in the context of the GCC to add to the existing evidence that had mainly concentrated on a single-country setting or the developed market. Practitioner/ Policy implications: The findings of this study, which are related to the negative impact of government and family ownership on IFR can be attributed to the regulators in the GCC countries. It is recommended that the GCC improve its enforcement of legal protection for shareholders so as to protect the minority shareholders’ interests. Research limitation: Future cross-country analysis on IFR can focus on other emerging markets that differ from the GCC. In addition, these studies can consider other relevant company-level governance aspects such as managerial ownership and country-level institutional factors such as cyber security risks as variables. Keywords: Ownership, Internet Penetration, Gulf Cooperation Council. JEL Classification: G11, G02, C91

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公司所有权、互联网普及率与互联网财务报告:来自海湾合作委员会国家的证据

稿件类型:研究论文。研究目的:本研究旨在考察公司级股权结构的个体效应以及公司级股权结构与国家级互联网普及率的联合效应如何影响互联网财务报告(IFR)。设计/方法/方法:采用一个由35个IFR项目组成的指数来收集来自海湾合作委员会(GCC)国家的152家上市金融公司的信息。这些公司分别来自巴林、阿曼、卡塔尔、沙特阿拉伯和阿拉伯联合酋长国。数据采用回归分析。研究发现:研究结果表明，政府持股和家族持股比例较高的企业IFR程度较低。高质量的财务报告在位于互联网普及率高的国家的公司中是显而易见的。然而，公司所有权结构与IFR之间的关系不受国家互联网普及率的影响。理论贡献/独创性:我们的研究是第一个利用海湾合作委员会国家数据的跨国比较分析，试图探索IFR的决定因素。本研究纳入了公司一级的治理和国家一级的制度因素，这些因素在海湾合作委员会的背景下是相关的和独特的，以补充主要集中在单一国家环境或发达市场的现有证据。从业者/政策影响:本研究的结果与政府和家族所有权对IFR的负面影响有关，可归因于海湾合作委员会国家的监管机构。建议海合会加强对股东的法律保护，以保护中小股东的利益。研究局限:未来对IFR的跨国分析可以集中在与海湾合作委员会不同的其他新兴市场。此外，这些研究可以考虑其他相关的公司层面的治理方面，如管理层所有权和国家层面的制度因素，如网络安全风险作为变量。关键词:所有权，互联网普及率，海湾合作委员会。JEL分类:G11, G02, C91

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来源期刊

Asian Journal of Business and Accounting BUSINESS, FINANCE-

CiteScore

2.00

自引率

11.10%

发文量

期刊介绍： An academic journal that aims to advance knowledge in the business and accounting disciplines, to narrow the gap between theory and practice, and to set direction for policy initiatives in Asia. Welcome to the Asian Journal of Business and Accounting (AJBA). AJBA is an international refereed journal, published biannually (30th June and 30th December) by the Faculty of Business and Accountancy, University of Malaya, Malaysia. AJBA aims to publish scholarly business researches that are relevant to Malaysia and the Asian region. It intends to highlight the practical implications in promoting better business decision making process and the formulation of public policy in Asia. This journal publishes theoretical, conceptual, and empirical papers within the broad areas of business and accounting in Asia. The AJBA covers a broad spectrum of the business and accounting disciplines. A suggestive (though not necessarily comprehensive) list of areas that would be included in this journal are: general management, strategic management, human resource management, organizational behaviour, labour and industrial relations, international business management, business communication, entrepreneurship, leadership, management science, operations management, production management, supply chain management, marketing management, brand management, consumer behaviour, information management, e-marketing, e-commerce, quality management, retailing, service marketing, hospitality management, hotel and tourism management, asset pricing, capital and money markets, corporate finance, derivatives markets, finance and banking, financial economics, etc.