網(wǎng)絡(luò)財(cái)務(wù)報(bào)告的經(jīng)濟(jì)后果[文獻(xiàn)翻譯]

1、外文文獻(xiàn)翻譯譯文一、外文原文原文：原文：EconomicconsequencesofinterfinancialreptingThelastfifteenyearssohaveseenenmousdevelopmentoftheInteranincreasingacceptancebyitsusers.MajacteristicsoftheInterarethatinfmationcanbeaccessed（almost）anytime

2、everywheregenerallyatalowcosttheinfmationisuptodatetherearefewlimitsondataavailabilityinfmationcanincludedynamicpresentationsmultimediathereisthepossibilityofinteractiveinfmationdemsupply.Thesedevelopmentshaveapossibilit

3、yofinteractiveinfmationdemsupply.Thesedevelopmentshaveasignificanteffectonthedisseminationofinfmationonthetradingofgoodsincludingsharesthusontheganizationalstructuresofhowtheseactivitiesareperfmed.Theyalsoopenupnewastoun

4、dingopptunitiesffinancialdisclosurethataffectallinterestedpartiesnotablycpationsinvestsauditsinfmationintermediaries.Variousstudiesshowthatmostlistedcpationsnowdisclosefinancialinfmationontheirwebsitesthatthelevelofdiscl

5、osurehasincreasedoverthelastyears.TheInterhasprobablybecometheprimarysourcefuserssearchingfcpatefinancialrepts.Companiesinvestsubstantialresourcesinthedevelopmentoftheirwebsitescomeupwithinnovativewaystopresentfinanciali

6、nfmation.WhiletheacceptanceofInterdisclosurehasincreasedmostoftheinfmationprovidedisstillsubstantiallythesamethatisavailablefromothersourcestoo.Therearemanyopptunitiesfthispracticetochange.Empiricalstudiessuggestadecline

7、inthevalueoftraditionalfinancialrepts.(LevZarowin1999)ReducingboundariesfgeneratingdisseminatinginfmationbyIntertechnologiesmayprovidetheopptunitytochangethetraditionalfinancialreptingmodel.FinstanceElliottconcludesthat“

8、Infmationtechnology(IT)ischangingexperimentwithnewtechnologiesinnovativedisclosurepracticesonewaywouldbetoextendsafeharbrulesfcontentstoInterdisclosures.Thereluctanceofmanyfirmstodisclosetoomuchisbasedonthesenegativeeffe

9、cts.Byplacingfinancialinfmationonthefirm’swebsiteuserscansearchfilterretrievedownloadevenreconfiguresuchinfmationatlowcostinatimelyfashion.ButInterfinancialreptingisnotrestrictedtostatictextsgraphs.Itallowsfhyperlinkssea

10、rchenginesmultimediainteractivity.Fexampleusersmaybeallowedtocustomizethecontentsoffinancialreptstomatchtheirdemstodefineuserspecifictriggereventsfrepts.Evenmeuseofinteractivitywouldbeadialoguereptingbywhichuserscouldspe

11、cifyinfmationdemsbasedoninfmationtheyreceivedpreviously.Usersmightbeabletodotheirownsensitivityanalysestheirownassumptionstomeasureassetsliabilities.Firmscanlearnfromtrackingusers’infmationrequestsspecificuserdemswhichus

12、erscanposeeitheranonymouslybyfillinginsomekindofaccessidentification.Accessstatisticsaremarketdrivendirectmeasuresoftheimptanceofinfmationifinterpretedcarefullycanguidefirmsalsostardsetterstoreacttothedemrevealedbytheuse

13、rs’behavi.SoftwareapplicationsofferedbyapreparerontheIntercouldallowfirmstolearnassumptionsinvestsuseinanalyzingfinancialdata.TheIntermayalsoimprovetheavailabilityoffinancialinfmationwithinfirmsthemselves.TheInterisaperq

14、uisitefhighfrequencyreptingastheinfmationshouldbeprovidedimmediatelyaftertheannouncementreleasewilllosevaluefastifdeliveredtouserstoolaterelativetothelengthoftheperioditcovers.Aconsequenceofmefrequentreptingcouldbethatth

15、eusers’focusonquarterlyearningsmayvanishwithittheincentivesoffirmstomanagethem.Howeveritwouldrequireamajchangeinmostaccountingsystemsbecauseeventssuchasupdatesofmarketpricesestimatesjudgmentswouldneedtobeenteredonarealti