A Study of the Evolution and Contemporary Development of Disclosure Practices of Annual Reports in Sri Lanka
Proceedings of the International Conference on Computational and Social Sciences (ICCSS-15) August 25-27, 2015
6 Pages Posted: 13 Mar 2017
Date Written: May 25, 2015
The evolution and contemporary development of usage of annual reports in Sri Lanka acts a critical role in the disclosure practices of the financial performances of the companies in Sri Lanka. From the British era of the Sri Lankan culture, there was a clear evolution of the disclosure practices of Sri Lanka. This refers the evolution of disclosure practices in the annual reports of Sri Lanka by giving a major focus to the intellectual capital (IC) disclosure practices. It means human capital information, customer capital information and social capital information. The period has been divided in to four categories as before 1948, between 1948 to 1977, between 1977 to 2009 and modern period after 2009. Throughout these four eras the disclosure practices have been developing and in modern days and the disclosure practices of Sri Lankan annual reports show the real picture of the companies performances rather than past eras since the fast growing of disclosure practices in last two decades.
Keywords: Evolution, Disclosure Practices, Annual Reports
JEL Classification: G21
Suggested Citation: Suggested Citation