A study reveals that top business houses in India are reluctant to voluntarily disclose important information pertaining to debt, key corporate developments and business strategies about their respective companies.
Image: Industrialists viewing the Union Budget 2015 at CII in New Delhi. Photograph: PTI
A study of mandatory and voluntary disclosures by Top 100 BSE-listed companies (by market cap) reveals weak enforcement of disclosure standards by the capital market regulator.
A weighted composite disclosure scoring system - combining information parameters that are mandated by law, with additional information parameters offered voluntarily by publicly-listed companies - shows how corporate India misses the mark when it comes to disclosures. Some key findings
