Corporate Governance Mechanism and the Level of Internet Financial Reporting: Evidence from Indonesian Companies

The purpose of this study is to find empirical evidence whether corporate governance mechanisms (ownership structure, independent commissioners, and audit committee characteristics) affect the level of voluntary disclosure of Internet Financial Reporting (IFR). Populations used in this study are all of 420 Indonesian companies listed in Indonesian Stock Exchange (IDX) in the period of 2010. The sample of this research is determined using purposive sampling method. There are 95 companies fulfill the criteria. Data were analyzed using multiple regression analysis. The result indicates that among corporate governance mechanisms, only audit committee meeting frequencies influence voluntary disclosure of IFR.