Indian Journal of Finance
By: Associated Management Consultants (P) Ltd.Single Issue
Single Issue
- IJF-Dec10-Article3-Voluntary Disclosure Practices And FII Flows - A Study of Selected Indian Firms
- Price : 80.00
- Published on December 1, 2010
- Associated Management Consultants (P) Ltd.
- Issues 356
- Language - English
- Published daily
About this issue
Among many other factors like the legal system, institutional capacity, liquidity of capital market etc., information asymmetry has been identified as one of the important factors behind the home-biasness of investors worldwide- which can said to be removed by improved corporate disclosure. Previous literatures assessed the influence of accounting information on the international capital mobility. The study aims at contributing to the literature on the relationship between international capital mobility and financial reporting environment in the Indian context. In this study, the author establishes the firm-level relation between the voluntary corporate disclosure level and FII flows in India, if any, over the last decade. For the purpose of analysis, only voluntary disclosure quality has been considered as, to establish competitive advantage in the capital market; large and publicly traded leading Indian companies have gone beyond the minimum statutory disclosure requirements and compete with an extensive amount of business information voluntarily.
About Indian Journal of Finance
Indian Journal of Finance, a source of sophisticated analysis of developments in the rapidly expanding world of finance, is a monthly journal with topics ranging from corporate to personal finance, insurance to financial economics and derivatives.