Financial performance measures are often criticised for being biased measures of a company's true performance and setting the wrong incentives. Modern performance measurement systems hence focus not only on financial measures but try to plan and control the firm in a more balanced way by using...

Voluntary environmental reporting and disclosures (VED) in annual reports provide managers with an effective way to manage expectations of the sustainability and risk exposure of the firm. Many studies have documented that VED are fairly common among publicly listed firms. However, in the case...

In the Indian context, we have seen unfolding of a slew of financial sector reform measures since the early 1990s. Various norms and guidelines are strictly followed to improve the miserable condition of the Indian banking sector. An important objective of these measures is to increase the...