Lietuvos įmonių internetiniuose tinklapiuose atskleidžiamos informacijos vertinimas korporatyvinio skaidrumo aspektu

LTReikšminiai žodžiai: Finansinė informacija; Informacijos atskleidimas; Internetas; Korporatyvinis skaidrumas; Nefinansinė informacija; Corporate transparency; Disclosure of information; Financial information; Internet; Non-financial information.

ENEmployment of Internet as a mean for information distribution creates new possibilities to assess corporate transparency and to evaluate entities position toward communication with stakeholders. In terms of this research corporate transparency is defined as easily available out-flow of information to those outside the entity. A company is treated as being transparent if it mandatory and voluntarily discloses both financial and nonfinancial information. Literature analysis revealed that there are a number of studies that explore various types of disclosures through Internet. However, no prior research that assess situation of Lithuanian entities has been found. Research problem of this paper is to assess how corporate transparency of Lithuanian entities could be evaluated based on information disclosed on their corporate websites. The aim of this study is to assess the disclosure of the financial and non-financial information on the corporate websites of 95 largest Lithuanian entities (by sales volume) in the context of their corporate transparency. The research data has been collected from the websites of the companies, browsing the main sections and news archive. The research has been conducted in three parts: analysis of financial information disclosure, analysis of non-financial information disclosure and assessment of the differences among financial and financial information disclosures. Results of the analysis revealed that only 25,3% of the analized entities publish their financial statements and some other financial information on internet. Financial reports are disclosed by all listed companies and banks, and only by 5 non-listed companies. Another 48,4% of the largest Lithuanian companies disclose some financial information (the most popular items are turnover, invsestment and financial results) but do not present with their financial statements.Remaining 26,3% of the entities do not disclose any financial information. Based on the results of the research regulation of disclosure may be identified as an important factor influencing financial information disclosure on Internet in Lithuania. All the analyzed companies disclose al least some type of non-financial information and the amount of disclosures vary among the companies. The most popular types of non-financial information are: general information and contacts (each disclosed by 92% all the companies) and information about products and services (85% of all the companies). Comparative analysis of financial and non-financial information revealed that corporate websites are dominated by non-financial information. From regulation perspective, results of the research clearly indicate that Lithuanian entities merely voluntary disclose financial information on Internet while mandatory disclosure of such information is incompliance with the requirements. Results of the conducted analysis comply with the findings of previous research and suggest that larger companies provide with more information and information disclosure on Internet is influenced by industry. Results of the analysis allow concluding that corporate transparency of largest Lithuanian entities is relatively low due to the low level of disclosure of financial statements and other financial information. However, corporate transparency of banks and listed companies comply with legal requirements and may be treated as relatively higher than in other entities. [From the publication]

• Vadyba / Management
• Komunikacija / Communication