Disclosure and Corporate Governance in Developing Countries: Evidence from India

22 Pages Posted: 19 Jun 2010

See all articles by Ruchita Daga

Ruchita Daga

affiliation not provided to SSRN

Dimitrios N. Koufopoulos

Gnosis Management Consultants; HOCG (Hellenic Observatory of Corporate Governance; Queen Mary University of London - Centre for Commercial Law Studies (CCLS)

Date Written: June 19, 2010

Abstract

The paper uses disclosure scores to examine corporate governance practices of Indian listed companies. A content analysis of 29 listed companies has been carried out and a disclosure index developed to determine the level of disclosure by the companies. This study finds that the disclosure level among Indian companies is quite high (disclosing almost 73% of the items in the index). The findings of the research will add to the increasingly inadequate literature relating to corporate governance in developing countries. However this research is limited because it focuses on only the largest 29 companies listed on the BSE. The study is important because of the recent flow of international capital into developing countries as a result of World Bank and IMF led economic restructurings. Due to these, transparency and disclosure have gained increased impetus. There is thus the need to understand corporate governance practices in the developing world.

Keywords: Disclosure, Corporate Governnace, Developing Countries, India

JEL Classification: G30, G34

Suggested Citation

Daga, Ruchita and Koufopoulos, Dimitrios N. and Koufopoulos, Dimitrios N., Disclosure and Corporate Governance in Developing Countries: Evidence from India (June 19, 2010). Available at SSRN: https://ssrn.com/abstract=1627186 or http://dx.doi.org/10.2139/ssrn.1627186

Ruchita Daga

affiliation not provided to SSRN ( email )

Dimitrios N. Koufopoulos (Contact Author)

Gnosis Management Consultants ( email )

London
United Kingdom

HOME PAGE: http://www.gnosisconsultants.com

HOCG (Hellenic Observatory of Corporate Governance ( email )

83 Rodney Court
6-8 Maida Vale
London, W9 1TJ
United Kingdom

HOME PAGE: http://www.hocg.eu

Queen Mary University of London - Centre for Commercial Law Studies (CCLS) ( email )

Charterhouse Square
London, EC1M 6AX
United Kingdom

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