| Abstract [eng] |
Relevance of the topic. As globalization process becomes more active, it leads to more intense movement of goods, workforce and capital changes in requirements for financial and accounting information as well as increased importance of financial and investment decision making process. It becomes increasingly important for investors, creditors, customers and other stakeholders to make effective decisions, the information which companies provide in compliance with the requirements in most cases is insufficient for effective decision-making process. For that reason, it is immensely vital to take into account the issues of voluntary corporate disclosure of financial and other information in financial reporting or other other information sources, for example the Internet. The corporate annual report has been seen as the primary source of corporate information. However, this is changing and moving towards internet reporting. The object of research – voluntary financial and non – financial information provided by Lithuanian companies on their webpages. The purpose of the work 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. Objectives: to give a review on research area of voluntary disclosure determinants; to highlight theoretical aspects regarding determinants of corporate voluntary disclosure and theoretical methods that can be used to analyze determinants of voluntary disclosure; to suggest methods for research of voluntary disclosure determinants on websites of Lithuanian companies; to examine voluntary disclosure practices on websites of Lithuanian companies and its relationship to from theoretical point possible determinants of voluntary disclosure. |
