Corporate Disclosure Practices in India

Corporate disclosure has undergone a sea change in its content and quality during the last two decades. This has been because of the liberalisation, privatisation and globalisation policies adopted by government of India in 1991 which were followed by financial sector reforms, internationalization of capital and financial markets, heavy investment in the equity of Indian companies by FIIs, listing of securities of Indian companies on the foreign stock exchanges and mandatory status of the accounting standards. The present Book studies corporate disclosure practices of the selected companies in India covering different aspects of corporate disclosure, i.e.extent of disclosure,Timeliness of disclosure and its association with various corporate and audit specific attributes and the perceived usefulness of information disclosed in the annual report to the investors. The major objective of the study is to analyse the extent and quality of corporate disclosure practices in India.It has implications for investors, The Institute of Chartered Accountants of India,The Securities and Exchange Board of India,The Department of Company Affairs, Academicians & Researchers.