Voluntary Corporate Disclosures by Indian Companies

Authors

  •   Roshna Varghese Assistant Professor, Rajagiri College of Social Sciences, Rajagiri Valley P. O. Kakkanad, Ernakulam, Kerala – 682 039

Keywords:

Voluntary Disclosure, Corporate Attributes, Indian Companies.

Abstract

This paper reports on voluntary disclosure practices of Indian companies in their annual reports. The quality of disclosure has been measured using an index of disclosure consisting of voluntary items that should appear in an ideal annual report. The researcher classified voluntary disclosures into three groups - financial, non- financial and strategic information. The intercompany variations in voluntary disclosure has been explained by a conceptual model consisting of corporate attributes like company size, profitability, extent of international operations and nature of industry. It was found that extent of disclosure is significantly and positively related to company size, profitability and international listing status.

Downloads

Download data is not yet available.

Downloads

Published

2012-07-01

How to Cite

Varghese, R. (2012). Voluntary Corporate Disclosures by Indian Companies. Indian Journal of Finance, 6(7), 4–12. Retrieved from https://indianjournalofcomputerscience.com/index.php/IJF/article/view/72403

Issue

Volume 6, Issue 7, July 2012

Section

Articles

References

Beaver, W H. (1981). 'Financial Reporting : An Accounting Revolution.' Prentice Hall, New Jersey, pp. 22-37.

Buzby, S L. (1974). “ The Nature Of Adequate Disclosure.†The Journal of Accountancy, Volume 137, Issue 4, pp. 38-47.

Buzby, S L. (1975). “Corporate Size, Listed Versus Unlisted Stocks And The Extent Of Financial Disclosure.†Journal of Accounting Research, Volume 13, Issue 1, pp. 16-37.

Cerf, A R. (1961). 'Corporate Reporting And Investment Decisions.' The University of California Press, California, pp. 10-58.

Chander, S. (1992). “Corporate Reporting Practices In Public And Private Sectors.†Deep and Deep Publications, New Delhi, pp. 3-78, pp. 105-167.

Choi, F. D. S. (1974). “European Disclosure: The Competitive Disclosure Hypothesis.†Journal of International Business Studies, Volume 5, Issue 2, pp.15-23.

Choi, F D S., & Mueller, G G. (1992). 'International Accounting.' Englewood Cliffs, Prentice-Hall, New Jersey, pp.15-79.

Chow, C W., & Wong-Boren, A. (1987). “Voluntary Financial Disclosures By Mexican Corporations.†The Accounting Review, Volume 62, Issue 3, pp. 533-541. http://web.ebscohost.com/ehost/detail?vid=7&hid=106&sid=c7174268-2ce4-4804-affe e269e66c72d2%40sessionmgr104&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d accessed on June 30, 2010.

Cooke, T. E. (1989). “Voluntary Corporate Disclosure By Swedish Companies.†Journal of International Financial Management And Accounting, Volume 1, Issue 2 , pp. 171-95.

Cooke, T. E. (1991a). “An Assessment Of Voluntary Disclosure In The Annual Reports Of Japanese Corporations.†International Journal of Accounting, Volume 26, Issue 3, pp.174-189.

Cooke, T. E. (1991b). “An Empirical Study Of Financial Disclosures By Swedish Companies.†The Accounting Review, Volume 66, Issue 3, pp. 657-658.

Cooke, T E. (1993). “Disclosure In Japanese Corporate Annual Reports.†Journal of Business and Accounting, Volume 20, Issue 4, pp. 521-535.

Firth, M. (1979). “The Disclosure Of Information By The Companies.†Omega, Volume 7, Issue 2, pp. 273-280.

Foster, G. (2002). 'Financial Statement Analysis.' 2nd ed., Pearson Education, New Delhi, pp.12-68.

Lal, J. (1985). 'Corporate Annual Report: Theory And Practice.' Sterling Publishers Pvt. Ltd., New Delhi, pp. 8-98.

Lal, J. (2005). 'Corporate Financial Reporting: Theory And Practice.' 2nd ed., Taxmann Allied Services (P) Ltd., New Delhi, pp. 85-138.

Meek, G. K., Roberts, C. B., & Gray, S . (1995). “Factors Influencing Voluntary Annual Report Disclosure By U.S., U.K. And Continental European Multinational Corporations.†Journal of International Business Studies, Volume 26, Issue 3, pp. 555-572. http://web.ebscohost.com/ehost/detail?vid=5&hid=106&sid=7a647a04-936a-4493-9127-c6713428be5b%40sessionmgr104&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d accessed on May 12, 2010.

Narayanaswamy, R. (2006). “Globalisation And Indian Accounting Standards.†The Chartered Accountant, Volume 54, Issue 7, pp. 962-974.

Owusu Ansah, S., &Yeoh, J. (2005). “The Effect Of Legislation On Corporate Disclosure Practices.†Abacus, Volume 41, Issue 1, pp. 92-109. http://web.ebscohost.com/ehost/detail?vid=7&hid=106&sid=7a647a04-936a-4493-9127-c6713428be5b%40sessionmgr104&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d accessed on May 4, 2010,

Rudra, T. (2010). “Voluntary Disclosure Practices And FII Flows - A Study of Selected Indian Firms.†Indian Journal of Finance, Volume 4, Number 2, pp.21-28.

Saudagaran, S. M., & Diga, J. G. (1997). “Financial Reporting In Emerging Capital Markets: Characteristics And Policy Issues.†Accounting Horizons, Volume 11, Issue 2, pp. 41-64.

Singhvi, S. S. (1967). “Corporate Disclosure Through Annual Reports In The United States Of America And India.†The Journal of Finance, Volume 23, Issue 3, pp. 551-552.

Singhvi, S. S. & Desai, H. B. (1971). “An Empirical Analysis Of The Quality Of Corporate Financial Disclosure.†The Accounting Review, Volume 46, Issue 1, pp. 129-138. http://web.ebscohost.com/ehost/detail?sid=c7174268-2ce4-4804-affe-e269e66c72d2%40sessionmgr104&vid=6&hid=106&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d accessed on April 11, 2010.

Vasal, V. K. (2006). 'Corporate Reporting In India: Financial And Social Performance Disclosures.' New Century Publications, New Delhi, pp. 5-87.

Verrecchia, R. E. (1983). “Discretionary Disclosure.†Journal of Accounting and Economics. Volume 5, pp. 179-94. http://zfkj.znufe.edu.cn/Images/UpFile/2009123165229957.pdf accessed on June 20, 2010.26) Wallace, R. S. O. (1988). “Corporate Financial Reporting In Nigeria.†Accounting And Business Research, Volume 18, Number 72, pp. 352-362.

Wallace, R. S. O. (1988). “Corporate Financial Reporting In Nigeria.†Accounting And Business Research, Volume 18, Number 72, pp. 352-362.