The extent of disclosure in annual reports of banking companies: The case of India

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contributor.author Hossain, Mohammed en_US
date.accessioned 2009-12-23T14:12:06Z en_US
date.available 2009-12-23T14:12:06Z en_US
date.issued 2008-11 en_US
identifier.citation Hossain, M. (2008). The Extent of Disclosure in Annual Reports of Banking Companies: The Case of India. European Journal of Scientific Research, 23(4), 659–680 en_US
identifier.issn 1450-216X en_US
identifier.uri http://hdl.handle.net/10576/10429 en_US
description.abstract This study is an empirical investigation of the extent of both mandatory and voluntary disclosure by listed banking companies in India. It also reports the results of the association between company-specific attributes and total disclosure, i.e., mandatory and voluntary, of the sample companies. A total of 184 items were selected of which 101 and 81 were mandatory and voluntary respectively. The study revealed that in disclosing mandatory items, the average score is 88, whilst the average score for voluntary disclosure is 25. The findings also indicate that size, profitability, board composition, and market discipline variables are significant, and other variables such as age, complexity of business and asset-in-place are insignificant in explaining the level of disclosure. Results also indicate that Indian banks are very compliant with the rules regarding mandatory disclosure. In contrast, they are far behind in disclosing voluntary items. This paper has contributed to the academic literature, showing that the existence of a close monitoring system by regulatory authorities brings the potential for high compliance regarding disclosure and transparency, at least in mandatory cases. This study would be a good example for other developing countries, wanting to learn how Indian banks achieved this high level of compliance in mandatory disclosure. en_US
language.iso en en_US
publisher EuroJournals Publishing, Inc. en_US
subject Disclosure index en_US
subject India en_US
subject Mandatory disclosure en_US
subject Voluntary disclosure en_US
title The extent of disclosure in annual reports of banking companies: The case of India en_US
type Article en_US


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