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...
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| Format: | Article |
| Language: | English |
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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 |
| _version_ | 1818559209340403712 |
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| author | Dr. (Mrs.) Twinkle Prusty Alok Kumar |
| author_facet | Dr. (Mrs.) Twinkle Prusty Alok Kumar |
| author_sort | Dr. (Mrs.) Twinkle Prusty |
| collection | DOAJ |
| description | 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 |
| first_indexed | 2024-12-14T00:22:25Z |
| format | Article |
| id | doaj.art-c0472869a94147a6a6235fa278d3d19e |
| institution | Directory Open Access Journal |
| issn | 0974-4274 2582-1148 |
| language | English |
| last_indexed | 2024-12-14T00:22:25Z |
| publishDate | 2016-12-01 |
| publisher | Srusti Academy of Management |
| record_format | Article |
| series | Srusti Management Review |
| spelling | doaj.art-c0472869a94147a6a6235fa278d3d19e2022-12-21T23:25:10ZengSrusti Academy of ManagementSrusti Management Review0974-42742582-11482016-12-01IXII2532Business Disclosure and Reporting Practices - Study of Listed Indian Companies in Fortune 500Dr. (Mrs.) Twinkle Prusty0Alok Kumar1Associate Professor, Faculty of Commerce, Banaras Hindu University, Varanasi,Email: twinkle.prusty@gmail.comResearch Scholar, Faculty of Commerce, Banaras Hindu University, Varanasi, Email:alokaryan2102@gmail.comPurpose: 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 Paperhttp://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.pdfdisclosure and reportingcorporate governanceclause 55sebiindian companiesfortune jel codes: g34m14l83l21 |
| spellingShingle | Dr. (Mrs.) Twinkle Prusty Alok Kumar Business Disclosure and Reporting Practices - Study of Listed Indian Companies in Fortune 500 Srusti Management Review disclosure and reporting corporate governance clause 55 sebi indian companies fortune jel codes: g34 m14 l83 l21 |
| title | Business Disclosure and Reporting Practices - Study of Listed Indian Companies in Fortune 500 |
| title_full | Business Disclosure and Reporting Practices - Study of Listed Indian Companies in Fortune 500 |
| title_fullStr | Business Disclosure and Reporting Practices - Study of Listed Indian Companies in Fortune 500 |
| title_full_unstemmed | Business Disclosure and Reporting Practices - Study of Listed Indian Companies in Fortune 500 |
| title_short | Business Disclosure and Reporting Practices - Study of Listed Indian Companies in Fortune 500 |
| title_sort | business disclosure and reporting practices study of listed indian companies in fortune 500 |
| topic | disclosure and reporting corporate governance clause 55 sebi indian companies fortune jel codes: g34 m14 l83 l21 |
| url | 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 |
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