Internet Financial Reporting by banks and insurance companies in Albania

Lamani, Diana
Çepani, Linda
Publication date: 
JEL codes: 
L86 - Information and Internet Services; Computer Software, M49 - Other.
The extent and the sophistication of internet financial reporting (IFR) vary between companies, countries and at an international level.This paper examines the extent and the nature of IFR by banks and insurance companies in Albania. The findings of this descriptive analysis indicate that out of 26 examined companies (part of the banking and insurance sector), 24 of them do operate websites, whereas 20 of the latter provide financial information on their websites. This indicates that IFR is a significant common practice among these companies. This study purports to recommend that the respective oversight bodies of these two sectors must complete the special IFR regulatory framework.
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