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The current status of related party disclosure in India: a longitudinal analysis

Chatterjee, Bikram, Mir, Monir Zaman and Al Farooque, Omar 2009, The current status of related party disclosure in India: a longitudinal analysis, Research in accounting in emerging economies, vol. 9, pp. 287-319, doi: 10.1108/S1479-3563(2009)0000009013.

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Title The current status of related party disclosure in India: a longitudinal analysis
Author(s) Chatterjee, Bikram
Mir, Monir Zaman
Al Farooque, Omar
Contributor(s) Tsamenyi, Matthew
Uddin, Shahzad
Journal name Research in accounting in emerging economies
Volume number 9
Start page 287
End page 319
Total pages 33
Publisher Emerald Group Publishing
Place of publication Bingley, Eng.
Publication date 2009
ISSN 1479-3563
Summary Purpose – This study investigates the status of related party disclosure in an emerging economy, that is, India. The reason behind concentrating on India is due to its opening of the economy in 1991 to attract foreign investment. Hence, it is significant that investors are provided with credible information. The accounting value of ‘secrecy’ underlying India and the voluntary nature of detailed reporting about related parties in this country further motivated the present study.
Methodology/Approach – The research method includes a content analysis of the ‘related party disclosure’ section of annual reports of a sample of Indian companies for the financial years 2002–2006.
Findings – Indian companies disclosed more than the required minimum level of related party disclosure as required in the Indian accounting standard. No association between related party disclosure with market capitalization, industry affiliation and foreign listing was found for the year 2006. However, when the scores of all the five years 2002–2006 were considered manufacturing and automotive companies disclosed more about related parties than diversified, service and technology.
Research Limitations – The limitations of our findings rests upon the fact that we have not examined the effect of factors such as the composition of management of each company and the presence of Indians/Non-Indians in management.
Originality/Value of the Paper – Most studies exploring disclosure practices are directed towards developed countries. The disclosure practices in developing countries is an under researched area. This paper contributes towards the existing literature by taking the case of an emerging economy, that is, India.
Language eng
DOI 10.1108/S1479-3563(2009)0000009013
Field of Research 150199 Accounting, Auditing and Accountability not elsewhere classified
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C1.1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2009, Emerald Group Publishing
Free to Read? Yes
Persistent URL http://hdl.handle.net/10536/DRO/DU:30075023

Document type: Journal Article
Collections: Open Access Collection
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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.