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Are Recent Segment Disclosures of Indian Firms Useful? An Empirical Investigation


  • Palanisamy Saravanan

    (Goa Institute of Management,)

  • Varadharajan Gopal

    (Goa Institute of Management,)

  • Duraipandian Israel

    (Karunya Institute of Management,)


The ultimate objective of the financial statement is the give reliable information, which is to be relevant and therefore useful in economic decisions making. Thus a company which operates in different industrial sectors and geographical areas need to provide information about its various segments and the relative important of each in order to understand the company, the economic environment in which it operates and the development of the situation of the company. Earlier empirical studies carried out in developed countries have documented that disaggregated data published together with the annual report enable analysts, investors and other user groups of company reports to understand better the situation of a firm and to make predictions regarding the companies future profitability with greater accuracy and greater confidence.The results have implications for the investors in Indian stocks, financial analysts and other regulatory bodies such as Institute of Chartered Accountants of India (ICAI), Securities and Exchange Board of India (SEBI), Ministry of Finance (MoF) and Department of Company Affairs (DCA).

Suggested Citation

  • Palanisamy Saravanan & Varadharajan Gopal & Duraipandian Israel, 2005. "Are Recent Segment Disclosures of Indian Firms Useful? An Empirical Investigation," Finance 0507011, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpfi:0507011
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    segment disclosures; Indian financial reporting; segment reporting; AS-17;

    JEL classification:

    • G - Financial Economics

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