Under a recent regulation Indian Companies listed on a stock exchange one required to publicly report their segmental financial results.A survey of financial results for the quarter ended December 31st, 01, published by 97 Indian companies reveals little impact of the regulation on these...

Voluntary Corporate Financial Disclosures (henceforth voluntary disclosures) are such information disclosures made by firms as are not required by laws or regulations Much of the existing literature on voluntary disclosures have focused on the question as to why should firms make voluntary...