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Investor Relations Online: Survey of Websites of the Forty Largest Listed Companies in Bulgaria
Spassova, Plamena, et al. |
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In the year 2007 Bulgarian companies have much more opportunities than before but in the same time they face many challenges related to the globalization, as a whole and to the Bulgaria's EU Accession, in particular. One of the key challenges for the Bulgarian business in general is the reality of competition.
Living in a century of high technologies, in which the _time factor“ is the most determinant for success, it would seem that the improvement of a company's website would be an integral part of the capacity building process towards competitiveness. Technology, without borders, shapes corporate communications; therefore, the companies should pay greater attention to transparency and clearly presented information on their websites. Thus a company could achieve a so-called win-win result:
• On the one hand, the corporate website could present opportunities to strengthen the corporate presence and reputation, to demonstrate the company's capabilities and potential and thereby to reach investors in new markets across the EU and globally;
• On the other hand, detailed and transparent disclosures on the website would enable potential investors to decide to invest in the company.
In this regard, the Economic Policy Institute with the support of PFS program presents this inaugural survey on investor relations online of the 40 largest Bulgarian companies by market capitalization listed on the BSE - Sofia. Its primary purpose is to provide the opportunity to each company of the peer group
to benchmark its disclosure practices against the rest of the peers and to draw possible conclusions when examining best practices of the leading Bulgarian companies in online reporting. |
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