Abstract
This study examines disclosure practices of segment reporting in India during the regime of Ind AS 108. Further, it also investigated the association between segment disclosures and firm-specific attributes (Firm Size, Profitability, Liquidity ratio, Board Size and Board Independence). The sample comprises the top 100 BSE-listed companies from 2017-2022 for six years. A disclosure Index has been constructed based on the mandatory requirements of Ind-AS 108. Further, the study uses a multiple regression model to investigate the association with firm-specific attributes. The result suggests a slight increase in segment disclosures following the implementation of IFRS 8 (Ind-AS108). Given the legal requirement, complete compliance is yet to be achieved in India. The results prove the existence of managerial discretion. Regarding association with firm-specific characteristics, firm size, and liquidity positively and significantly affect Segment disclosures in India. Corporate governance variables and return on assets have insignificant associations with the segment disclosures index. The study offers new evidence on segment reporting in India. The study contributes to extant segment reporting literature by providing a comprehensive view of segment reporting practice and determinants following Ind-AS108 in India. The results also provide insights for policymakers and regulators to shape segment reporting practices in the Indian scenario.
Keywords: Extent of Disclosures, Ind-AS 108, Indian Companies, Management Approach, Segment Reporting.