dc.Contributor.Advisor	S Krishnaswamy
dc.contributor.author	Srinivasan., Padmini
dc.date.accessioned	2021-03-13T09:17:27Z
dc.date.available	2021-03-13T09:17:27Z
dc.date.issued	2004
dc.identifier.citation	PhD022
dc.identifier.uri	http://opac.nls.ac.in:8081/xmlui/handle/123456789/494
dc.publisher	National Law School of India University	en_US
dc.title	Standards of Disclosure Regulation and Practices in India.	en_US
dc.type	Thesis	en_US
dcterms.abstract	Capital markets in India have witnessed considerable changes in last few years. Their importance has increased due to a significant role they play in providing capital for the corporate requirements. Capital markets function effectively when there is no information asymmetry and all the market participants have adequate, timely and accurate disclosures for decision-making. Disclosures are needed for the efficient allocation of resources and the proper functioning of the capital market. Disclosures in the annual reports have been subject of research for a long time. As business practices change the information disclosed has to keep pace with the changing times. As we move from a merit based system to a disclosure-based system having a good disclosure environment is important for the efficient development of the capital market. This dissertation examines the present position of disclosure regulations as compared to other countries. The dissertation also examines the voluntary disclosure practices by companies in order to provide a framework for disclosure. The study finds that the disclosure regulations are moving towards international standards. Certain accounting standards and disclosures have to be enhanced to fall in line with the International standards. This study finds that the disclosure practices by companies are inadequate and need improvement. Companies make minimum disclosures and restrict information to what is mandatory. Amongst the various determinants examined, the study finds ownership structures as a key determinant of voluntary disclosures. This study also finds that the retail investors find certain parts of the accounting statements and disclosures complex. Based on the survey result, the study also developed a simplified format, which will help the small investor understand the performance of the company. The study also finds that enforcement of disclosures regulations are weak and have to be improved.

Standards of Disclosure Regulation and Practices in India.

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