A COMPARATIVE STUDY ON DISCLOSURE PRACTICES AND ITS RELATION WITH SHARE PRICES OF SELECTED INDIAN LISTED COMPANIES

Abstract

The disclosures are the language of communicating the performance and state of affair of business by the corporates to stakeholders. Therefore, the main objective of this paper is to study the disclosure practices and their relation with share prices of selected companies. To meet this objective the data has been collected from annual reports and NSE data base of ten companies for two industries for the period of five years. The collected data is tabulated and analysed with the help of research tools and techniques like mean, standard deviation, coefficient of variance, one - way ANNOVA and Karl Pearson’s correlation. This study concludes that, disclosures practices between companies are same but not between selected sectors and these disclosures does not have any significant impact or relationship with its share prices.