VOLUNTARY DISCLOSURE OF NON-FINANCIAL INFORMATION AND CORPORATE GOVERNANCE: A STUDY OF PUBLIC SECTOR COMPANIES IN INDIA

Authors

  • Dr. Narinder Kaur, Assistant Professor, University School of Business Studies, Punjabi University, Guru Kashi Campus, Talwandi Sabo (District Bathinda)

Keywords:

Corporate Governance, Voluntary Disclosure Index, Non-financial Information, Public Sector, Association.

Abstract

Ever increasing competition in the corporate world and the information needs of the various stakeholders have necessitated the adequate disclosure by the companies. The main aim of this paper is to analyse the degree of association between corporate governance attributes and voluntary disclosure of non-financial information by the public sector companies in India. The study evaluates the level of voluntary disclosure of 15 public sector companies on the basis of index of disclosure (consisting of 63 items) on the basis of their annual reports for the year 2012-13. The study investigates the nature of association of corporate governance on the basis of attributes namely board size, proportion of independent directors on board, attendance of independent directors in board meetings, promoters holdings and institutional holdings with voluntary disclosure of non-financial information by public sector companies in India by using regression analysis. It showed that corporate governance attributes played role in the corporate voluntary disclosure of non –financial information.

References

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Published

2015-11-30

Issue

Vol. 4 No. 12 (2015): NOVEMBER 2015

Section

Articles

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