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Internet Reporting Index of Companies Listed in the Alternative Trading System New Connect Organized by the Warsaw Stock Exchange (Indeks Raportowania Internetowego spolek notowanych w alternatywnym systemie obrotu New Connect organizowanym przez Gielde Papierow Wartosciowych w Warszawie)

Author

Listed:
  • Mateusz Mogilski

    (Kozminsky University)

Abstract

The internet is a major means of communication in business nowadays, in all its aspects, including communication between investors and issuers. This research paper examines the extent of information disclosed by companies listed on the New Connect trading platform. This market is focused on small, dynamic companies, predominantly from new technology industries, that are trying to gain attention of investors who accept higher risk associated with supporting companies with capital in their early stages and who will reap benefits in the future, when a company moves into a major market or is sold to a strategic investor. The primary aim of the article is to create a comprehensive Internet Reporting Index (IRI) applicable to smaller companies listed in the alternative trading system in Poland. The IRI index proposed in this paper was inspired by the New Connect Issuers Code of Good Practices, which contains 22 suggested items that should be disclosed on corporate websites so that a company is considered to represent good corporate governance. The secondary aim of the article is to verify six hypotheses about IRI of 106 companies being constituents of the NCI Index. The results stemming from Pearson’s correlation and non-parametric tests suggest that only association with the medical sector is correlated with the Internet Reporting Index.

Suggested Citation

  • Mateusz Mogilski, 2018. "Internet Reporting Index of Companies Listed in the Alternative Trading System New Connect Organized by the Warsaw Stock Exchange (Indeks Raportowania Internetowego spolek notowanych w alternatywnym s," Research Reports, University of Warsaw, Faculty of Management, vol. 1(27), pages 105-117.
    • Handle: RePEc:sgm:resrep:v:1:i:27:y:2018:p:105-117
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    File URL: http://www.sim.wz.uw.edu.pl/sites/default/files/artykuly/mateusz_mogilski.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    internet reporting index; disclosure index; New Connect; corporate governance; investor relations;
    All these keywords.

    JEL classification:

    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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