Corporate governance, firm characteristics and internet financial reporting: Evidence from Egyptian listed companies

This study investigates the effect of corporate governance and firm characteristics on the Internet financial reporting (IFR) of the Egyptian listed companies. We develop a disclosure index to measure the three components of the IFR for the Egyptian listed corporations by using an un-weighted checklist. The results find a significant relationship between the three components of IFR (TOTAL, CONTENT and PRESENTATION) and firm size, ownership diffusion, type of business, profitability, audit type, institutional ownership and board size. The results indicate that large non-financial companies that are audited by the big four auditing companies with high diffusion in their ownership and lower presentation of institutions in the ownership structure are more likely to be related to TOTAL and CONTENT. In addition, large profitable companies with high diffusion in their ownership are more likely to be related to TOTAL and PRESENTATION. Finally, companies with a large board size are associated only with PRESENTATION.