Jul '19
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The IUP Journal of Accounting Research and Audit Practices.
ISSN: 0972-690X
UGC Approved Journal @ Sl.No: 46837
A peer reviewed journal indexed on Cabells Directory, and also distributed by EBSCO and Proquest DatabaseIt is a quarterly journal that offers papers on Financial accounting, Management accounting, Accounting standards, Taxation, IT-accounting interface; R&D reporting biases and their consequences; Corporate disclosures and Standards of reporting reflecting better governance, Environmental accounting and reporting; Auditing research, Internal and external audits, Ethics in reporting, etc.
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The Value Relevance of Corporate Voluntary Disclosure: Evidence from India
The purpose of this study is to examine whether or not voluntary disclosure made by Indian listed companies are value-relevant in the capital market. The sample consists of top 100 non-financial, non-utility companies based on market capitalization listed on the Bombay Stock Exchange (BSE) over the period 2014-2017. Data regarding voluntary disclosure level has been collected by analyzing the contents of annual reports. In order to investigate the impact of voluntary disclosure on firm value, fixed-effect panel data regression model is employed. Furthermore, Two Stage Least Squares (2SLS) regression model with instrumental variables is used as a robustness test to alleviate the endogeneity issue. The findings of the study reveal that voluntary disclosure is value-relevant, i.e., impacts the firm value. The more the voluntary disclosure made by the companies, the higher the value they have in terms of market capitalization. Therefore, this finding provides impetus to managers to disclose more information voluntarily to meet the information needs of the stakeholders. By evaluating the value relevance of overall voluntary disclosure, the study contributes to the relevant literature, as there is paucity of studies regarding how the market participants perceive voluntary disclosure in an emerging market such as India, which is subjected to market imperfections.
Environmental Accounting Practices in India: A Comparative Study of Perception of Academicians and Professionals
There is a growing concern among all sections of the society and also among different stakeholders of corporate society about the need for conserving and protecting the environment. Hence, the thinking is gaining ground about the need for each corporate citizen to account for the extent to which it has caused environmental degradation and also the efforts made by the corporate entity towards the environmental protection and welfare. In this background, environment accounting is receiving importance world over. Even in India, a few guidelines have been issued by the authorities. However, the current regulations are not adequate and therefore, there is a diversity in the environmental accounting and disclosure practices. Further, two important powerful players in this regard are the academicians and the professionals. In this backdrop, the present paper makes an attempt to analyze the opinions of both the academicians and professionals about a few aspects of environmental accounting and practices.
The Relation Between Capital Structure and Profitability of Some Selected Companies in Indian Ceramic Industry
Ceramic is a sundry industry and contains a number of categories of products, including sanitaryware, refractory’s cement, advanced ceramics and ceramic tiles. The Indian ceramic industry is about 100 years old. The objective of the present study is to find out the relation between capital structure and profitability of eight selected ceramic companies during the period of 10 years from 2008 to 2017. Return on Equity (ROE), current ratio, debt-equity ratio and degree financial leverage have been used as the parameters of the study. As statistical measure, correlation matrix and one-way ANOVA test have been used for data analysis. The findings reveal that a few of the sample companies show positive and a few show negative correlation between ROE and the ratios of capital structure.
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