Global Journal of Research in Management

Jaykumar Joshi , N. N. Patel

Abstract

This study tries to evaluate the investor's perception of users about the accessibility, sufficiency, and usefulness of financial information disclosed in the annual reports of listed companies of National stock exchange with same research area of Vadodara city. A survey method has used involving the selected sample of information users such as individual, institutions, analysts, academics and financial intermediaries. The result found from the present study identifies that most of the respondent's believe disclosed information as neither relevant for investment decision nor sufficient. In particular reported published information was not enough as listed companies did not fulfill with the minimum disclosure requirement of Securities exchange board of India (Disclosure investor's protection Gulidelines-2000)&Institute of Chartered accountants of India. This adverse perception along with the poor trustworthiness and bad timelines of disclosures has prevented the information being reflected in to stock prices. This study has limited to the Vadodara city only, to the purpose of this research 110 respondents will be collected from the same region.

Keywords

Investment Decision, Financial Information, Investor’s Perception And Information Availability

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