ABSTRACT

Under the regime of corporate governance Indian regulatory authorities are keeping update of disclosure practices to ensure the transparency, true and fair disclosure in corporate reporting. The stakeholders are also considering the true and fair corporate financial reporting as an important parameter for their analysis. The most reliable channel for this reporting is taken as published annual reports. In these annual reports corporates are disclosing all the mandatory information, but along with the mandatory information the corporates are also providing voluntary information, which is highly considered by the users. This paper has tried to examine the level of corporate disclosure on the basis of   information disclosed voluntarily in the published annual reports. The Study was based on firms listed on S&P CNX Nifty. The final sample consists of published annual reports of 50 companies which were studied for a period of five years that is 2011-2016. The study concluded that these large cap companies give more importance to financial nature items, limited number of companies have considered other items of the index for voluntary disclosure .On the basis of statistical analysis the study has also concluded that no company has reached to the disclosure of more than 100 items. There is a slight change in the yearly mean disclosure of the companies.

Key words - corporate disclosure, Published Annual Reports, general corporate information