An empirical study of the impact of internet financial reporting on stock prices

Syou Ching Lai, Cecilia Lin, Hung Chih Li, Frederick H. Wu

Research output: Contribution to journalArticlepeer-review

15 Citations (Scopus)

Abstract

This study examines the economic consequences of internet financial reporting (IFR) in Taiwan. The results show that the stock prices of IFR firms change more quickly than those of the non-IFR firms using Akaike's (1969) Final Prediction Error (FPE) methodology. Second, the results from the event study methodology show that the cumulative abnormal returns of the firms with IFR are significantly higher than those of the firms without IFR. Lastly, the results indicate that firms with a higher degree of information transparency yield a higher abnormal return on their stock prices.

Original languageEnglish
Pages (from-to)1-26
Number of pages26
JournalInternational Journal of Digital Accounting Research
Volume10
DOIs
Publication statusPublished - 2010

All Science Journal Classification (ASJC) codes

  • Accounting
  • Finance
  • Information Systems and Management

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