A comparative study on strategy disclosure between emerging markets and developed markets
Journal of Indian Business Research
ISSN: 1755-4195
Article publication date: 29 October 2018
Issue publication date: 1 March 2019
Abstract
Purpose
This study aims to compare the extent of voluntary strategy disclosure in the annual/integrated reports of listed companies in an emerging market with the extent of strategy disclosure in the annual/integrated reports of listed companies in a developed market.
Design/methodology/approach
A developed market sample that was made up of the top 50 companies on the New York Stock Exchange and the Australian Stock Exchange was compared to an emerging market sample that was made up of the top 50 companies on the Johannesburg Stock Exchange and the Bombay Stock Exchange. The comparison was conducted by scoring the amount of strategy disclosure reported in the annual/integrated reports of the companies for the years 2011, 2012 and 2013.
Findings
The emerging market companies had average to good strategy disclosures in their annual reports, whereas the annual reports of companies in the developed market showed low strategy disclosure.
Originality/value
This study expanded upon the limited research available on strategy disclosure by comparing the extent of strategy disclosures in two developmental markets (the developed and emerging market).
Keywords
Citation
Phala, M.L., Yasseen, Y., Padia, N. and Mohamed, W. (2019), "A comparative study on strategy disclosure between emerging markets and developed markets", Journal of Indian Business Research, Vol. 11 No. 1, pp. 2-22. https://doi.org/10.1108/JIBR-09-2017-0168
Publisher
:Emerald Publishing Limited
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