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An investor is information seeker a right knowledge of the company leads him into successful investment. The organizations aim to provide the unique access to the company’s information so that they raise the opportunity of investment. With the enhancement of technology there is rapid growth in the communication channels. Internet has become a new source of communication in this century and it’s highly preferred by different profit and non-profit organizations. Organizations use internet for corporate reporting all over the world for the direct communication with their stakeholders (Allam & Lymer, 2003; Ashbaugh et al., 1999; Ettredge et al., 2002; FASB, 2000; Garg & Verma, 2010; Lymer et al., 1999; Marston, 2003; Oyelere et al., 2003; Robbins & Stylianou, 2003). Various authors stated the benefits of internet reporting such as wider reach, low cost, integrated reporting, various attractive forms such as audio, video, graphics etc (Garg & Verma, 2010; Gowthorpe, 2004; Trites, 1999; Xiao et al., 2004). As the technology has a nature to change, the new innovative and transparent communication mechanism has come into existence through internet. One of the famous channels of internet communication is social networking sites (SNS) such as Facebook, twitter, YouTube, linkedin etc. social networks are websites which allows user to communicate at large, discuss the economic political and social issues on it, understand the attitudes of people towards information, sharing knowledge, etc. SNS has a very large base of active user, so it is hard for the organization to ignore social networking phenomenon (Waters et al. 2009). Bonson and Flores (2010) stated, SNS facilitating the multidimensional flow between organization and stakeholders. Thangavel and Vanmathi (2015) suggest SNS provides the new marketing opportunities to the organizations. More involvement and interaction has been possible through SNS, by providing commenting, sharing and liking opportunity to stakeholders.
Web based reporting is very popular among so many organizations. Previous research has focused on reporting through websites (Allam & Lymer, 2003; Ashbaugh et al., 1999; Craven & Marston, 1999; Debreceny et al., 1999; Debreceny et al., 2002; Ettredge et al., 2002; FASB, 2000; Garg & Verma, 2010; Marston, 2003; Oyelere et al., 2003; Robbins & Stylianou, 2003; Xiao et al., 2004) it analysis the content and presentation feature of websites. Few studies examine the reporting on SNS such as Facebook and twitter (Bonsón & Flores, 2011; Haigh et al., 2013; Tao & Wilson, 2015; Waters et al., 2009Waters & Jamal, 2011). Hence, the present study attempted to examine the extent of corporate reporting through Facebook of top 50 BSE listed companies.