Corporate Governance and Disclosure Practices of MNC Subsidiaries and Domestic Firms: An Empirical Study from India

Prior research suggested that Indian domestic firms were disclosing less compared to MNC subsidiaries in India. However, this research finding empirically proved that subsidiaries of MNCs are no better in disclosure practices than domestic Indian firms. It is mainly because of improvement in corporate governance norms and rules mainly in the form of Clause 49 of listing agreement have considerably improved corporate governance and disclosure practices of Indian firms.