网络财务报告的经济后果[外文翻译]

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1、外文文献翻译译文一、外文原文原文：EconomicconsequencesofinternetfinancialreportingThelastfifteenyearsorsohaveseenenormousdevelopmentoftheInternetandanincreasingacceptancebyitsusers.MajorcharacteristicsoftheInternetarethatinformationcanbeaccessed（almost）anytimeandeverywhere,andgenerally

2、atalowcost,theinformationisup-to-date;therearefewlimitsondataavailability;informationcanincludedynamicpresentationsandmultimedia;andthereisthepossibilityofinteractiveinformationdemandandsupply.Thesedevelopmentshaveapossibilityofinteractiveinformationdemandandsupply.The

3、sedevelopmentshaveasignificanteffectonthedisseminationofinformationandonthetradingofgoods,includingshares,andthusontheorganizationalstructuresofhowtheseactivitiesareperformed.Theyalsoopenupnewandastoundingopportunitiesforfinancialdisclosurethataffectallinterestedpartie

4、s,notablycorporations,investors,auditors,andinformationintermediaries.Variousstudiesshowthatmostlistedcorporationsnowdisclosefinancialinformationontheirwebsites,andthatthelevelofdisclosurehasincreasedoverthelastyears.TheInternethasprobablybecometheprimarysourceforusers

5、searchingforcorporatefinancialreports.Companiesinvestsubstantialresourcesinthedevelopmentoftheirwebsites,andcomeupwithinnovativewaystopresentfinancialinformation.WhiletheacceptanceofInternetdisclosurehasincreased,mostoftheinformationprovidedisstillsubstantiallythesamet

6、hatisavailablefromothersources,too.Therearemanyopportunitiesforthispracticetochange.Empiricalstudiessuggestadeclineinthevalueoftraditionalfinancialreports.(Lev,Zarowin1999)ReducingboundariesforgeneratinganddisseminatinginformationbyInternettechnologiesmayprovidetheoppo

7、rtunitytochangethetraditionalfinancialreportingmodel.Forinstance,Elliottconcludesthat“Informationtechnology(IT)ischangingeverything,”(e.g.Elliot1999)andTritesseesashiftfromthePacioliparadigmtotheGoogleparadigm(Trites2004).WiththeadventofExtensibleBusinessReportingLangu

8、age(XBRL)asastandardizeddatadescriptionformatforfinancialreporting,therearemanystudiesthatdescribethistechnologyandpr