The Use of the Internet for Corporate Reporting by Spanish Companies1

During the last decade there has been a profound revolution in the informationtechnology by means of the Internet, and obviously accounting has been directly affected bythis change. Although the main objective of this paper is to study the use of the Internet bySpanish companies to disclose financial information, we also discuss about the reasons ofcompanies to use the new technologies to communicate with interested parties and itsconsequences. The empirical research is based on companies listed on the Madrid stockexchange , we analyse not only the information provided, but also the factors that explain thedifferent attitudes of companies towards this vehicle for investors relationships. The resultsshow that size is the main factor that explains not only the quantity but also the quality offinancial information.