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The determinants of internet financial reporting in Slovenia

Tatjana Dolinšek (Department of Accounting, Faculty of Commercial and Business Sciences, Celje, Slovenia)
Polona Tominc (Department of Quantitative Economic Analysis, Faculty of Economics and Business, University of Maribor, Maribor, Slovenia)
Andreja Lutar Skerbinjek (Department of Accounting and Auditing, Faculty of Economics and Business, University of Maribor, Maribor, Slovenia)

Online Information Review

ISSN: 1468-4527

Article publication date: 4 November 2014

Abstract

Purpose

The purpose of this paper is to establish the level of internet financial reporting (IFR) of Slovenian companies, including the contents as well as the presentations of online financial information. The second objective was to explore the opinions of users towards newer methods of online financial reporting.

Design/methodology/approach

IFR was evaluated on the basis of the IFR index composed of 32 contents-related and 18 presentations-related elements. By means of regression analysis, the authors have established the intensity and direction of impact of six factors on the IFR index: size, profitability, the company's legal form, ownership concentration, age and sector.

Findings

During the first research phase, the authors established that 110 (52.64 per cent) of large companies disclose its financial information on its web site. Factors which impact the IFR are as follows: company size, ownership concentration, legal form and sector of operation. Larger companies, companies with a lower ownership concentration, public limited companies and financial sector companies disclose financial information to a greater extent compared to other companies.

Practical implications

This research will enable the comparison of the annual level of IFR in Slovenia and in other countries where such research has already been performed.

Originality/value

Through the disclosure of financial information online, companies will be able to improve the possibility of attracting foreign investors who often rely on the internet as the only source of information.

Keywords

Citation

Dolinšek, T., Tominc, P. and Lutar Skerbinjek, A. (2014), "The determinants of internet financial reporting in Slovenia", Online Information Review, Vol. 38 No. 7, pp. 842-860. https://doi.org/10.1108/OIR-02-2014-0025

Publisher

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Emerald Group Publishing Limited

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