Disclosure Practices in Selected Private Sector Companies in India

Ashish Mittal

Abstract

Corporate Disclosure can be defined as a process through which a business enterprise communicates with the external parties.  Disclosure is the movement of information from the private domain (inside information) into the public domain. To evaluate the disclosure level of various companies, some yardstick is required. A comprehensive list of 14 major items with breakup of 482 sub items has been made to determine the adequacy of disclosure practices of the corporate sector in India. Disclosure practices in selected 16 public sector companies at two points of time i.e. 1990-91 and 2006-07 has been divided into two sections i.e. Company wise analysis of Disclosure Score and Analysis of Major items of information. On the basis of Company wise analysis of Disclosure Score and Analysis of Major items of information , it can be concluded that there is considerable improvement in the various items disclosed by Private Sector companies over the period of study.

Keywords

Corporate Disclosure; Corporate Governance; Financial Reporting

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