Disclosure and Corporate Governance in Developing Countries: Evidence from India
22 Pages Posted: 19 Jun 2010
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: Suggested Citation