Thursday, November 27, 2008
Strengthening quarterly disclosure
In India, firms put out very poor information each quarter [example]. Quarterly disclosures in countries like the US are much better [example]. A few days ago, Mahesh Vyas had written about the need for better quarterly data, that would enable understanding the economy better in turbulent times such as this. Today, Jayanth Varma has written a column in Financial Express urging improvement of quarterly disclosures. I disagree with him on doing only 500 companies. Any large firm has the computerised accounting systems to do this. We should cover all listed companies right away.