The recent financial corporate scandals highlighted the role of accounting disclosure in misleading investors. While factors affecting voluntary disclosure policy in developed countries are well documented, little evidence is provided about those affecting such disclosure in emerging economies....

The study provides a detailed overview of the past and present state of collection on sales tax on e-commerce transactions. It examines the ways in which e-commerce influences taxation, the implications for not taxing e-commerce, and the potential for other mechanisms to collect revenue from...

This paper examines the effect of financial leverage on the shareholders’ return and market value of 50 Indian companies listed on NSE and BSE—10 each (five high leverage and five low leverage) from auto, cement, FMCG, oil and gas and pharmaceutical industries of India. Shareholders’...

This empirical study on two leading steel manufacturing companies of India, Steel Authority of India Limited (SAIL), a public sector undertaking, and Tata Steel Limited, the largest private sector company, aims at predicting bankruptcy or financial distress, using Altman’s Z-Score model which...

A firm reporting by segments leaves more information in the hands of stakeholders and helps to improve the quality of decisions undertaken by them. AS-17 in India mandates listed and other companies to report information by segments. The present paper analyzes such segmental reporting practices...

The main aim of this paper is to demonstrate that, by using the Balanced Scorecard (BSC) model in measuring intangibles, companies are using an ‘old’ model to measure ‘new’ factors.1 This demonstration is given from a theoretical point of view, by comparing the BSC and the Intellectual...

Some researchers have criticized university accounting education programs for focusing more on the teaching of technical accounting and not on emphasizing skill development. The aim of this research is to identify the knowledge subjects and skills needed for a relevant university accounting...

In the field of finance and accounting, ratio analyses have become the preliminary concentration prior to progressing to any advanced discussion. The same is true for numerous studies on quality of employees. It may be relatively safe to say that the true connections between the two, if any, may...

In the backdrop of increasing attention paid to the management of risks in banking by regulators world over, the Reserve Bank of India (RBI) proposes to switch over from traditional transaction-based annual inspection of banks to Risk-Based Supervision (RBS). The risk-based approach to...

Way back in 1934, Graham and Dodd observed the importance of earning power in investment theory. According to them, history of actual earning with a reasonable expectation should be approximated in future. The empirical study of Ball and Brown (1968) contends that of all the sources of...