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- Title
Corporate Governance Reforms and Disclosure Quality: Equity Investors' Perception.
- Authors
Mathivanan, Periasamy; Kasilingam, Ramaiah; Ali, Farhat
- Abstract
Economic performance of a country, financial performance of its firms and probable growth are possible only with protection of its investors. In India, stronger investor protection evolved along with the evolution of corporate governance. Improved corporate governance practices disclose clear and concise financial information benefitting individual investors. The purpose of this study is to determine the perception of equity investors towards corporate disclosure quality in the backdrop of corporate governance reforms in India. Using a random sample of 428 equity investors and administering a structured questionnaire comprising eight characteristics of disclosure quality, the authors found that in the backdrop of corporate governance reforms, disclosures of companies listed in India are in accordance with the prescribed standards and rules, easily accessible, believable and are without any contradictions. However, the investors are not satisfied with the timeliness, completeness and clarity of the disclosed information. This study has implications for investors, corporates and policy makers.
- Publication
IUP Journal of Corporate Governance, 2021, Vol 20, Issue 1, p7
- ISSN
0972-6853
- Publication type
Academic Journal