Financial reporting on the internet by listed companies in Malaysia / Sarimah Abdul Latiff

This paper examines the extent of financial information disclosed on the Internet by 428 companies listed on the First Board of Kuala Lumpur Stock Exchange (KLSE). Companies were surveyed to establish how many companies have web sites, and if so, whether financial information is available on their websites. Financial information was labeled as detailed account( mandatory and voluntary), preliminary statement, interim statement and financial highlights is used as a model or scope for this study It was decided by researcher to test the relationship between financial information on the Internet with industry sector and market capitalization. A content analysis of financial information disclosed on the Internet dated from 1996 to 2000 had been reviewed in order to know the extent of financial reporting, by Malaysian First Board of listed companies. Two types of test were used in this research namely the Chi-Square test and Pearson Correlation test. The Chi-Square test revealed that there is no relationship between financial reporting on the internet and industry sector. However, Pearson Correlation shows that, there is a correlation between financial reporting on the Internet and market capitalization, but it shows a weak correlation.