Abstract:
With the current COVID 19 pandemic, internet plays a major role in effectively
communicating information to the general public on timely manner. It facilitates
the improved availability of financial information and encourages investment
decisions. Corporate governance is one of critical factor to attract more
investments. Hence, this study aims to investigate the how Corporate Internet
Reporting (CIR) of Sri Lankan Hotel and Travel sector companies are influenced
by corporate governance structures. Hotel and Travel sector companies were
selected as the sample and CIR was measured using an index comprising 87
indicators. Type of audit, audit committee size and board size were used as
dimensions to measure the corporate governance practices of the company.
Correlation and multiple regression analyses were used as analysis and
forecasting techniques. Results revealed that the level of CIR in Hotel and Travel
sector companies in Sri Lanka is low, as the average index become 21.27%. All
the corporate governance dimensions were statistically significant and confirm
that corporate governance will affect for CIR in the hotel and Travel sector
companies in Sri Lanka. This study extends, as well as contributes to the existing
literature by examining the impact of corporate governance on CIR in hotel and
travel sector in Sri Lanka. Policies on Corporate governance should be improved
to increase the level of CIR and it will pave the way towards sustainable
development of the Hotel and Travel sector.
