VOLUNTARY DISCLOSURE PRACTICES: AN EMPIRICAL ANALYSIS OF FINANCIAL AND NON- FINANCIAL INFORMATION
Creators
- 1. Assistant Professor, Department of Commerce, Hans Raj College, University of Delhi, Delhi.
- 2. Assistant Professor, Department of Commerce, SGTB Khalsa College, University of Delhi, Delhi.
Description
Investor sentiments have been affected adversely time to time by various corporate scams like Stock Market scam, the CRB Public Deposit Scam, Bofor scam, Urea scam, Ketan Parikh Scam, Satyam scam, UTI Scam and The Enron Fiasco, WorldCom, Adelphia and no end to these, in spite of a strong regulatory framework. Corporate governance has become considerable point of attention to curb these fraudulent practices, where corporate reporting practices play a vital role. This paper has attempted to examine the extent of disclosure of financial and non -financial information. The Study was based on firms listed on S&P CNX Nifty. The final sample consisted Annual Reports of 50 companies which were studied a period of five years, that is 2011-2016. The study concluded that most of the firms were having a practice of disclosing financial information, but non-financial information was disclosed by few firms.
Key words - Corporate governance, disclosure, financial information and non-financial information
Files
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