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Internet Financial Reporting In Oman

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  • Peter Oyelere
  • Ehab K. A. Mohamed

Abstract

This paper investigates the extent and variety of practices of internet financial reporting (IFR) by companies listed on the Muscat Securities Market (MSM) in Oman. While IFR is fast becoming the norm in most western countries, there is little empirical evidence of the phenomenon in the Middle East region. This paper attempts to fill some of the gap in the literature by providing evidence of IFR practices in Oman. The 142 companies listed on the MSM were investigated to ascertain whether they maintain websites and/or if these sites are being used for communicating financial information. Only 84 of the listed companies were found to operate websites, with even less (only thirty-one) engaging in IFR. However, IFR is not restricted to the publication of annual financial statements only as the companies also disclose financial highlights through their websites. The results of this study indicate that IFR is still at an embryonic stage in Oman and there are lots of opportunities and challenges for all stakeholder parties in corporate reporting. The study highlights the challenges and opportunities for IFR in the Middle East Region, as well as a number of areas for further study.

Suggested Citation

  • Peter Oyelere & Ehab K. A. Mohamed, 2007. "Internet Financial Reporting In Oman," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 1(2), pages 45-54.
    • Handle: RePEc:ibf:gjbres:v:1:y:2007:i:2:p:45-54
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    Cited by:

    1. Nirosh Kuruppu & Peter Oyelere & Hamdan Al Jabri, 2015. "Internet Financial Reporting And Disclosure Practices Of Publicly Traded Corporations: Evidence From Sri Lanka," Accounting & Taxation, The Institute for Business and Finance Research, vol. 7(1), pages 75-91.
    2. Laetitia Pozniak, 2013. "Internet Financial Communication: Evidence from Unregulated Markets of Brussels and Paris," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 7(5), pages 107-122.

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