Information Disclosure and its Determinants on Lithuanian Companies Websites: Quantitative Approach

Kristina Kundelienė, Agnė Stepanauskaitė

Abstract


The purpose of the article is to measure the extent of voluntary disclosure on the websites of Lithuanian companies and to investigate whether there is significant association between theoretically possible determinants of voluntary disclosure and the extent of voluntary financial and non – financial information disclosure on companies’ websites. Methods of research: comparative analysis of scientific literature, logical, systematic analysis, content analysis using scope and quantity index approaches, correlation analysis using Spearman’s rank correlation coefficient. Results showed statistically significant connection between a company's size (as determined by its earnings) and the company's disclosure index of voluntary information. The companies with more earnings are inclined to provide a wider scope of information and a larger volume of information by word count. There is no determined connection between the number of employees and the word quantity index. This research adds to the samples of previous studies, analyses disclosure of financial and non-financial information on companies’ websites.

DOI: http://dx.doi.org/10.5755/j01.ee.29.4.17271


Keywords


voluntary information disclosure, corporate disclosure, agency theory, signalling theory, financial information, non – financial information

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Print ISSN: 1392-2785
Online ISSN: 2029-5839