Name: Manoj Singh Saggi
Country: India

Year: 2015
Volume: Volume-2, Issue-1 (January-June)
Page Number: 47-66

Indian economy used to be a protective socialistic economy having mixed form of enterprises both public and private. But the economic reforms initiated by the Government of India since 1990s, changed the pattern and working of Indian economy drastically. Globalization in the early 1990s and privatization/disinvestment of the public sector undertakings (PSUs) in the mid of 1990s have created new opportunities and challenges. Indian economy, nowadays, is very open and market driven. With the openness of the Indian economy, Indian companies also need disclosure requirements as per global scenario. With this, legal and governing bodies have tightened the norms for disclosure. Nowadays, corporate disclosure is a term of precise discussions, legal frameworks, researches and many more. The present paper is an attempt to analyse the corporate disclosure practices in India by examining the association between selected company attributes and the extent of corporate disclosure. For this purpose five company attributes have been selected namely (i) total assets, (ii) total sales, (iii) market capitalisation, (iv) net profit, and (v) age. The study covers 30 large Indian companies selected from the S&P CNX Nifty Index of the National Stock Exchange of India (NSE) consisting 50 largest Indian companies. The period of the study is five years from 2010-2011 to 2014-2015. The study found that the selected company attributes are related with the extent of corporate disclosure but differently. The study also highlights some important suggestions on the basis of the findings to improve the level of corporate disclosure and to carry further research.