University of Khartoum

Internet Financial Reporting In Sudan: Users’ Views And Determining Factors

Internet Financial Reporting In Sudan: Users’ Views And Determining Factors

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Title: Internet Financial Reporting In Sudan: Users’ Views And Determining Factors
Author: Khojally, Hytham Mansour Ahmed
Abstract: The remarkable transformation and achievements witnessed in the Sudanese Telecommunication sector coupled with the growing and diversifying use of the Information Communication Technology (ICT) services including those of the Internet and its applications have been a success story that made Sudan among the most developed in Africa in this area, if not in the Middle East. The advent of the World Wide Web has provided a new opportunity for companies to disseminate financial information via their websites. Therefore, this study investigates the stand of Internet Financial Reporting (IFR) in Sudan. The study consists of two parts, the first part deals with the users’ perceptions of the IFR. The responses of 442 sample to the questionnaire survey representing overall response rate of 88% are included in the study. The statistical analysis using SPSS is employed to determine their views on the advantages and disadvantages of internet financial reporting, factors influencing company to apply IFR, factors discourage company from practicing IFR, benefits of IFR to the company, as well as, to the users, the quality of existing IFR practice, preferable IFR formats, source of financial information and the users’ needs. The second part deals with the determining factors of IFR in Sudan by examining the relationship between the level of IFR disclosure and nine selected characteristics of companies with the assumption that differences in the extent of IFR disclosure among companies could be attributed to company’s certain characteristics. All banks and telecommunication companies operating in Sudan are included in this study. The study used an index of disclosure consisting of 55 items. The descriptive analysis indicates that 89.5% of the companies have websites, and that 78.9 % of the firms under investigation disclose financial information through their websites benefiting from internet. The highest disclosure rate is 94.4 % which achieved by a telecommunication company. Moreover, the study develops four main multiple regression models to examine the association between the level of IFR and the chosen company’s characteristics, the findings of these models reveal that; industry type, company size, ownership structure and the board size are statistically significant predictors for the level of IFR disclosure. However, stock market listing, leverage and audit type, appear to be insignificant predictors in the four models. Moreover the results indicate that international stock market listing plays a mediation role in the association. Furthermore international listing has a full mediation for the industry type, but partial mediation for the board size. Based on the findings and recommendations, the study highlights the future implications of IFR such as adopting and implementing policies and procedures that may improve and develop IFR practices. Finally, the study provides some ideas and proposals for future research in the internet financial reporting area.
Description: 307page
URI: http://khartoumspace.uofk.edu/123456789/16801
Date: 2015-10-29


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