The Determinants of Voluntarily Adopting IFR: Empirical Evidence from China

Responding to the rapid development of the Internet, some companies voluntarily adopt IFR (Internet financial reporting). This paper provides a theoretical model of determinants of IFR and tests the theoretical model through the data from China. The results suggest that the decision of adopting IFR voluntarily is responsive to specific corporate attributes, such as managerial ownership, the type of auditors, the type of audit opinion, the type of industry, and firm size.