АНАЛИЗА ДЕТЕРМИНАНТИ ФИНАНСИЈСКОГ ИЗВЕШТАВАЊА НА ИНТЕРНЕТУ У АКЦИОНАРСКИМ ДРУШТВИМА БОСНЕ И ХЕРЦЕГОВИНЕ
DETERMINANTS OF INTERNET FINANCIAL REPORTING: EVIDENCE FROM JOINT-STOCK COMPANIES IN BOSNIA AND HERZEGOVINA

Author(s): Bojana Vuković, Dejan Jakšić
Subject(s): National Economy, Business Economy / Management, Micro-Economics, Financial Markets, Accounting - Business Administration
Published by: Savez računovođa i revizora Republike Srpske
Keywords: Internet financial reporting; joint-stock companies; Bosnia and Herzegovina;
Summary/Abstract: Contemporary digital transformation processes have significantly influenced financial reporting practices, with internet-based reporting emerging as a key instrument for enhancing the transparency and accessibility of financial information. This study aims to identify the key determinants of internet financial reporting (IFR) among joint-stock companies in Bosnia and Herzegovina, using the IFR index as a measure of the scope and depth of disclosed information. The empirical analysis was conducted on a sample of 45 companies for the year 2024, applying multiple linear regression. The findings reveal that profitability, indebtedness, and current liquidity exert a statistically significant negative effect on the level of IFR. Additionally, industry-specific effects were found to be significant. Companies in the agriculture, fishing, and forestry sectors exhibit significantly lower IFR index scores compared to those in the manufacturing sector. In contrast, companies operating in the financial and insurance sector, as well as in real estate activities, demonstrate more extensive online disclosure of financial information. The results provide relevant insights for policymakers and regulatory bodies. The IFR index is positioned as a strategic tool that enhances financial transparency and accountability, while also contributing to investor confidence and the more efficient functioning of capital markets.

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