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Internet Financial Communication: Evidence from Unregulated Markets of Brussels and Paris

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  • Laetitia Pozniak

Abstract

This paper examines the internet financial disclosure of 34 companies listed on un-regulated markets in Brussels and 34 twin firms quoted in Paris. The purpose of this research is twofold. First, we study the level of internet financial disclosure and we compare the levels of French and Belgian un-regulated markets. Next we identify factors determine this level. We applied an analytical grid, based on prescriptions in the literature concerning Internet financial disclosure to analyze 68 websites. A communication score was thus obtained for each firm. We identify if differences in communication scores are significant. This score was then regressed according to our hypotheses. The findings show Belgian firms have a higher level of internet financial communication and that a firm’ size, age, membership of the IT sector and market place have an impact on the internet financial disclosure of un-regulated market listed companies.

Suggested Citation

  • 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.
    • Handle: RePEc:ibf:ijbfre:v:7:y:2013:i:5:p:107-122
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    Cited by:

    1. Laetitia Pozniak & Chantal Scoubeau, 2017. "Understanding Belgian Individual Investors," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 8(7), pages 154-160, November.
    2. Laetitia Pozniak & Perrine Ferauge, 2015. "Determinants Of Internet Corporate Social Responsibility Communication: Evidence From France," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 9(2), pages 53-63.
    3. Laetitia Pozniak, 2015. "Unregulated Markets And Internet Financial Communication: Qualitative And Quantitative Approaches," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 6(1), pages 109-120.
    4. Mélanie Croquet & Laeticia Pozniak & Olivier Colot, 2014. "La Qualité De L'Information Financière Est-Elle Liée À La Structure Du Capital ? Le Cas Des Blue Chips Et Small Caps Belges," Post-Print hal-01899079, HAL.

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    More about this item

    Keywords

    Financial Communication; Websites Analyses – Internet Financial Reporting (IFR); Non- Regulated Financial Markets; Voluntary Disclosure;
    All these keywords.

    JEL classification:

    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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