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首页> 外文期刊>Journal of management & governance >Do firm specific characteristics and industry classification corroborate voluntary disclosure of financial ratios: an empirical investigation of S&P CNX 500 companies
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Do firm specific characteristics and industry classification corroborate voluntary disclosure of financial ratios: an empirical investigation of S&P CNX 500 companies

机译：确实特定的特点和行业分类证实了财务比率的自愿披露：标准普尔CNX 500公司的实证调查

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摘要

Abstract The study has examined the extent of voluntary disclosure of financial ratios in India and its association with performance of the company, size and industry classification. The companies selected for the study are CNX 500 companies. 25% of the sample companies (423) did not disclose any financial ratios voluntarily. Multiple correlation and regression were used to explore the relationship between disclosure index and the selected explanatory variables. The results indicate that the extent of voluntary disclosure of ratios is significantly influenced by size, RoI of the companies and industry classification thereby indicating that companies with larger market capitalization and better return on investments relatively disclose more ratios voluntarily. The infrastructure sector disclosed more ratios than companies from other sectors. The disclosure index was very low indicating that the companies were lacking in efforts to disclose more ratios voluntarily to various stakeholders for a better understanding and interpretation of financial statements. The sample companies disclosed 19% of the selected financial ratios in their annual reports. The paper also calls for mandatory reporting of select ratios and standardization of the methods used in calculation of financial ratios. Improved levels of voluntary disclosures will reduce information asymmetry among investors and enhance clarity about long-term business sustenance and strengthens governance norms. The paper also provides directions for future research.
机译：摘要该研究探讨了印度财务比率自愿披露的程度及其与本公司绩效，规模和工业分类的协会。为该研究选择的公司是CNX 500公司。 25％的示例公司（423）没有自愿披露任何财务比率。使用多相关和回归来探索披露指数与所选解释变量之间的关系。结果表明，比例的自愿披露程度受到公司和行业分类的规模，从而指出市场资本规模更大和更好的投资回报的公司相对披露了更多的比例。基础设施部门披露了比来自其他部门的公司的比率更多。披露指数非常低，表明这些公司缺乏努力向各种利益相关者自愿披露更多的比例，以更好地理解和对财务报表的解释。该样本公司在其年度报告中披露了19％的所选财务比率。本文还要求强制性地报告选择比例的选择比例和计算金融比率的方法。改进的自愿披露水平将减少投资者之间的信息不对称，并提高长期商业寄托和加强治理规范的清晰度。本文还提供了未来研究的指示。

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