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Impact of Efficiency on Voluntary Disclosure of Non-Banking Financial Company—Microfinance Institutions in India by Arpita Sharma; Shailesh Rastogi is a Economics, Econometrics and Finance article available to read on EtoBox.

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This paper investigates how the financial and social efficiency of firms influence the extent of the voluntary disclosure of Non-Banking Financial Companies-Micro Financial Institutions (NBFC-MFI). The study constructed an unweighted index of voluntary disclosure to estimate the level of voluntary disclosure of all of the included firms from the years 2015-2019. The financial and social efficiency, which is analogous to the technical efficiency of production theory and analyses both sustainability and outreach, respectively, was estimated using data envelopment analysis (DEA). The panel data analysis was completed, and a positive association of financial efficiency was estimated. The social efficiency was found to have no relationship to the voluntary disclosure level. This paper contributed to the literature by providing new determinants of voluntary disclosure. The study examines the econometric model and suggests that financially sustainable firms that utilize these resources well are more open to outsiders, while socially efficient firms are reluctant to voluntary disclosure, which also includes social activities, and consider this as a wasteful activity. The findings of this s

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Author

Arpita Sharma; Shailesh Rastogi

Publisher

MDPI AG

Published

2021

Language

EN

Field

Economics, Econometrics and Finance (Social Sciences)