Published Paper Details:

This paper critically examines the impact of segment reporting on investor decision-making in Indian listed companies. With the adoption of Ind AS 108, firms are mandated to disclose financial information based on operating segments, aligning with international standards. The study reviews the evolution of segment reporting practices in India, the regulatory framework governing disclosures, and the quality and consistency of reported segment data. It highlights how well-structured segment information enhances transparency, reduces information asymmetry, and supports informed investment choices. Using evidence from Indian corporate disclosures during the 2010-2016 period, the paper identifies significant disparities in segment reporting practices, with only 62% of Nifty 100 companies complying fully with prescribed segment details. Furthermore, only 22% of retail investors were found to consider segment data in their decision-making process. The paper also discusses the methodological approach employed in synthesizing past literature and regulatory reports to evaluate the effectiveness of segment disclosures. It concludes by offering actionable recommendations for improving the quality of segment reporting, such as enhanced standardization, better narrative disclosures, and investor education. This review contributes to the broader discourse on financial reporting reforms in emerging markets and underlines the importance of robust segmental transparency for improving investor confidence and corporate governance.