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The current status of related party disclosure in India: a longitudinal analysis
Citation
Chatterjee, B and Zaman Mir, M and Al Farooque, O, The current status of related party disclosure in India: a longitudinal analysis, Research in Accounting in Emerging Economies, 9 pp. 287-319. ISSN 1479-3563 (2009) [Refereed Article]
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Copyright Statement
Copyright © 2009, Emerald Group Publishing Limited
DOI: doi:10.1108/S1479-3563(2009)0000009013
Abstract
Financial reporting and disclosure are critical for corporate firms across countries as
investors increasingly require credible information. From positive accounting perspective,
disclosure of financial information provides a means of communication between the
management and outside parties, including investors and regulators. There are regulations
in almost all developed countries as well as emerging countries such as India and china to
protect investors’ rights so that agency cost is minimized with the reduction of information
asymmetry. Financial disclosure includes highly regulated financial statements, corporate
governance‐related reporting and the disclosure of voluntary information by executives. Cr
edibility of corporate disclosures now a days has become crucial due to recent high‐profile
corporate scandals and fraud cases resulting from material misstatement in their financial
statements. In most cases, they are closely linked to undisclosed and unreported ‘related
party transactions’ (off balance sheet items for US companies) as evidenced in the cases of
Enron, Adelphia and Tyco. Given such state of disclosure in developed economies having
more regulation in place, concern arises about the status of financial reporting specially
about related party(ies) by companies in emerging economies such as India. Hence the
present study investigates the status of related party disclosure in an emerging economy,
that is, India. The reason behind selecting India is due to it has opened its economy in 1991
(Arun and Turner) and welcoming foreign investments.
Item Details
| Item Type: | Refereed Article |
|---|---|
| Keywords: | related party disclosure, India, longitudinal study |
| Research Division: | Commerce, Management, Tourism and Services |
| Research Group: | Accounting, auditing and accountability |
| Research Field: | Accounting theory and standards |
| Objective Division: | Commercial Services and Tourism |
| Objective Group: | Other commercial services and tourism |
| Objective Field: | Other commercial services and tourism not elsewhere classified |
| UTAS Author: | Chatterjee, B (Dr Bikram Chatterjee) |
| ID Code: | 136853 |
| Year Published: | 2009 |
| Deposited By: | Accounting |
| Deposited On: | 2020-01-20 |
| Last Modified: | 2020-07-31 |
| Downloads: | 10 View Download Statistics |
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