This study investigates investor�s behavior driven by the impact of voluntary disclosure on share volatility and MB ratio. We measure the voluntary disclosure score with a self constructed dichotomous scale, Volatility is a measure of standard deviation of daily log returns of stock price. Investor behavior is proxied by consumer confidence index generated by the federal bank. The paper first studies the extent of disclosure practices prevailing in Indian Listed companies. Afterwards the paper highlights the importance of high disclosure in the context that disclosures are necessary in mitigating the effects of investor�s sentiments on stock price volatility and MB ratio.

Username
Password