Business Disclosure and Reporting Practices - Study of Listed Indian Companies in Fortune 500
Purpose: Better disclosure through responsible reporting keep stakeholders better informed about the way a company is being managed. The foundation of any composition of corporate governance is disclosure and reporting. This study examines the disclosure and responsible reporting practices adopted...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Srusti Academy of Management
2016-12-01
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| Series: | Srusti Management Review |
| Subjects: | |
| Online Access: | http://www.srustimanagementreview.ac.in/paperfile/1169882690_Business%20Disclosure%20and%20Reporting%20Practices-%20Twinkle%20Prusty%20and%20Alok%20Kumar-Vol.%20-%20IX%20%20Issue%20II%20Jul%20-%20Dec%202016.pdf |
| Summary: | Purpose: Better disclosure through responsible reporting keep stakeholders better informed about the way a company
is being managed. The foundation of any composition of corporate governance is disclosure and reporting. This
study examines the disclosure and responsible reporting practices adopted by Indian companies listed in Fortune
top 500 companies along with the extent and compliance of business responsibility report in their annual reports.
Methodology: This paper relies on secondary data collected from different web sources and annual reports of the
selected companies for the period 2014-15. In order to examine the extent of disclosure practices a composite
disclosure index score has been calculated. The information of disclosure in the annual reports of the companies is
categorized into different sub-categories: Governance disclosures and disclosures in Business Responsibility Report
have been considered for the study. Index of disclosures in corporate governance (Board of Directors, Board Meeting
and Independent directors) and Business Responsibility Report disclosures consisting of 77 items was constructed.
Bivariate Analysis (Parametric test) ANOVA has been used to generalize the hypothesis. All the assumption namely
test of normality (Kolmogorov-Smirnov Test) and homogeneity of variance have been also verified.
Findings and Conclusion: Based upon the sample data and its analysis, the results of the ANOVA test reveal that
there is no statistically significant difference between Governance Disclosures and Disclosures in Business
Responsibility Report adopted by selected Indian companies.
Type: Research Paper |
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| ISSN: | 0974-4274 2582-1148 |