Rearch On Determinant Of Online Financial Report

The development of information technology and the popularization ofthe Internet promote the extensive application of the online financialreport。However, there is a large difference of the degree, nature, content,form, quality from the online financial reports which all the listedcompanys voluntarily implementate. The use of information is notconform tothe stakeholders’ need. This paper which is based on thisbackground researches.Determinant is the basis which the enterprise voluntarily implementeonline financial report on.Deeply excavating voluntarily implementatedreport positive factors and negative reasons, and analyzing the relevantcauses, helps to promote and improve China’s online financial reports,and so as to promote the enterprise to small and medium plate as arepresentative of the listed company’s widely voluntarily implementation.This paper is on the basis of the data from556companies listed insmall and medium-sized board from2008to2010, and analyze thedeterminant that the company is voluntarily to disclose the onlinefinancial report by the empirical research method.This paper includes seven parts: the first part establish the researchbackground, purpose and meaning; The second part of the domestic andforeign relevant determinant for the literature review; The third partsummarizes the characteristics of the listed companies of small and medium-sized board and applications of the online financial report; Thefourth part discuse the theoretical foundation of the determinant of theonline financial report; The fifth part establish the model that the listedcompany of small and medium-sized board voluntarily implemente onlinefinancial report determinant; The sixth part analyze the relationshipbetween determinant and implementing online financial report byregression analysis method; The seventh part conclusion and put forwardthe policy suggestions to provides theory basis for the listed companyimplementing online financial report.By rearching on the determinant, we concludes that the Circulationstock ratio, audit type, industry, the size of firm, return on total assets, thevalue of enterprise, refinancing are the significant determinant that thelisted company of small and medium-sized board voluntarily implementeonline financial report; Big shareholders holding ratio, the proportion ofthe independent directors, management shareholding,"big four"auditing firm, assets ratio are not obvious as the determinants of the listedcompany of mall and medium-sized board voluntarily implemente onlinefinancial reports. This shows that the voluntary implementation of theonline financial report mainly considerate the firm’s basic status, equityseparation degree, potential development and prospects; and corporategovernance structure, the ownership structure, the role of the capitalstructure are not the obvious determinant. Based on the results of the validation, we suggest that our countryshould improve the application technology of the online financial report,the related functional departments should perfect the system that theonline financial report is applicated.