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Investor relations on the Internet: a survey of the Euronext zone


  • J. Geerings
  • L. H. H. Bollen
  • H. F. D. Hassink


This study investigates the investor relations activities on the Internet of companies listed on the Euronext stock exchange. For this purpose, the websites of the fifty largest listed companies in each of the countries Belgium, France and the Netherlands were screened for investor relations items. Results obtained by using a three-stage model show that most companies in the Euronext zone are at the second stage of Internet investor relations, i.e. where information available through other sources is combined to better inform investors. In the third stage companies use the full interactive possibilities of the Internet for investor relations purposes. French and Dutch companies use the Internet for investor relations purposes more widely and more intensely than Belgian companies. The study also revealed a size effect; large companies use the Internet for investor relations purposes more extensively than smaller companies. This conclusion holds for each of the three countries. The leading companies in France and the Netherlands are either at the third stage of Internet investor relations or are ready to move to this stage.

Suggested Citation

  • J. Geerings & L. H. H. Bollen & H. F. D. Hassink, 2003. "Investor relations on the Internet: a survey of the Euronext zone," European Accounting Review, Taylor & Francis Journals, vol. 12(3), pages 567-579.
  • Handle: RePEc:taf:euract:v:12:y:2003:i:3:p:567-579 DOI: 10.1080/0963818032000083531

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    References listed on IDEAS

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    Cited by:

    1. Spanos, Loukas & Mylonakis, John, 2006. "Internet corporate reporting in Greece," MPRA Paper 42997, University Library of Munich, Germany.
    2. Raf Orens & Walter Aerts & Denis Cormier, 2010. "Web-Based Non-Financial Disclosure and Cost of Finance," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 37(9-10), pages 1057-1093, November/.
    3. Mary Kehinde Salawu, 2013. "The Extent and Forms of Voluntary Disclosure of Financial Information on Internet in Nigeria: An Exploratory Study," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 4(1), pages 110-119, January.
    4. Siti Rosmaini Binti Mohd Hanafi & Mohd Ariff Bin Kasim, 2014. "The Significance of 18 Weeks in Internet Business Reporting Research (IBR): A New Dimension in Data Collection Procedures," International Journal of Business and Economics, College of Business and College of Finance, Feng Chia University, Taichung, Taiwan, vol. 13(1), pages 59-74, June.
    5. Sarra Elleuch Hamza & Mouna Ben Ahmed Hedrich, 2008. "Les déterminants de la divulgation des informations financières via Internet adoptée par les entreprises tunisiennes : une démarche qualitative et quantitative," Post-Print halshs-00524888, HAL.
    6. Ivica Pervan, 2006. "Voluntary financial reporting on the internet – analysis of the practice of Croatian and Slovene listed joint stock companies," Financial Theory and Practice, Institute of Public Finance, vol. 30(1), pages 1-27.
    7. Iatridis, George Emmanuel, 2011. "Accounting disclosures, accounting quality and conditional and unconditional conservatism," International Review of Financial Analysis, Elsevier, vol. 20(2), pages 88-102, April.
    8. Dutta, Probal & Bose, Sudipta, 2007. "Web-based Corporate Reporting in Bangladesh:An Exploratory Study," MPRA Paper 7915, University Library of Munich, Germany.
    9. Maximiliano González & Alexander Guzmán & Diego Fernando Tellez & María Andrea Trujillo, 2016. "What you say and how you say it: Information disclosure in Latin American firms," DOCUMENTOS DE TRABAJO CIEF 015656, UNIVERSIDAD EAFIT.
    10. Caner Dincer & Banu Dincer, 2010. "An investigation of Turkish small and medium-sized enterprises online CSR communication," Social Responsibility Journal, Emerald Group Publishing, vol. 6(2), pages 197-207, June.
    11. Ivica Pervan, 2009. "Trends of Voluntary Internet Reporting in Croatia: Analysis for the Period 2005 - 2007," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 5, pages 617-625.
    12. González, Maximiliano & Garay, Urbi, 2010. "Internet-Based Corporate Disclosure and Market Value: Evidence from Latin America," Galeras. Working Papers Series 028, Universidad de Los Andes. Facultad de Administración. School of Management.
    13. Garay, Urbi & González, Maximiliano & Guzmán, Alexander & Trujillo, María Andrea, 2013. "Internet-based corporate disclosure and market value: Evidence from Latin America," Emerging Markets Review, Elsevier, vol. 17(C), pages 150-168.

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