This study examines the value relevance of consolidated financial statements and cash flow statements in the Indian Stock market. In the recent years several new disclosures have been mandated in India including the cash flow statement and the preparation of consolidated financial statements....

This paper investigates the approach of small- to medium-sized Mauritian manufacturing firms to working capital finance using a survey-based approach and case studies. Financing has been cited as one of the most common problems faced by SMEs and is often viewed as one of their main barriers to...

By evaluating the performance of 772 funds, this study seeks to examine whether fund managers add any value by their fund allocation decision. After selecting the securities for investment, fund managers need to decide as to how much to be invested in the selected securities. They can actively...

This paper examines the impact of changes in aggregate market liquidity on stocks in which derivative trading is allowed. Though the liquidity of the market declines after the introduction of derivative trading, the impact of changes in market liquidity on stocks is critical in asset pricing. We...

Purpose – India is one of the few countries where companies are required to give both consolidated financial statements (CFS) as well as parent‐only financial statements. While parent‐only statements have been in existence for a long time, CFS was introduced recently. The purpose of this...

Along with several new accounting regulations related to disclosure practices, Indian companies were asked to provide Consolidated Financial Statements (CFS) since 2002. Unlike other disclosure regulations, consolidation was a major deviation from the earlier stand that consolidation would not...