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CORPORATE REPORTING IN MODERN ERA: A COMPARATIVE STUDY OF INDIAN AND CHINESE COMPANIES

Anita Shukla

J. R. Nagar Rajasthan Vidyapeeth University Udaipur (Raj)

Mouni Geoffrey Gekara

J. R. Nagar Rajasthan Vidyapeeth University Udaipur (Raj)

ABSTRACT

The present research paper investigates the utilization of web-based facilities for communicating corporate information by companies in India and China. The sample consists of fortune 500 companies in India and China from various sectors of the economy. Relevant characteristics of the fortune 500 companies listed in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India and Hong Kong Stock Exchange in China have been collected through the extensive survey on the websites of the sample units. The survey reveals that of the fortune 500 companies in India 416 (83.20%) had active websites out of this 409 (98.31%) distributed their current year annual reports on their websites and 125 (30.05%) also included auditors` reports of the previous year. While 402 (80.40%) of fortune 500 companies in China had active websites out of this 400 distributed their current year annual reports on their websites and 23 (5.72%) also included auditors` reports of previous year. A scoring scheme has been developed to measure the level of online corporate reporting and check the degree of corporate reporting across the various sectors. The study shows that web based corporate reporting is relatively high in the two emerging economies of Asia.

Keywords: Corporate Reporting, Financial Information, Online Reporting, Fortune 500 Companies

JEL Code: M-4