The interim and year-end financial statements disclosures : the case of Greek companies
Part of : Αρχείον οικονομικής ιστορίας ; Vol.XXIII, No.2, 2011, pages 7-22
Issue:
Pages:
7-22
Abstract:
The main purpose of our research is to examine if the financial position of a Greek company is depicted and disclosed in an accurate and efficient way. This has become of extreme importance in the current economy, given the fact that economical environment changes rapidly. In this study, we examine the correlation between internet disclosures in interim and year – end financial statements and the company’s financial effectiveness. For this survey, we examine in which way that four factors are related with the extent of internet disclosure. These four factors are: the company’s robustness, the multitude of free float shares, the number of years listed on the Athens Stock Exchange and the company’s industry. We conclude that a company’s robustness and the multitude of free float shares affect the level disclosure of accounting information, whereas the “industry classification” as well as the “years that a firm is listed” are non statistically significant related parameters.
Subject:
Subject (LC):
Keywords:
interim disclosure, financial statements disclosures, year-end financial statements
Notes:
JEL classification: M40, M48.
