Disclosure Practices of Selected Indian and Global Technical Universities

Abstract

Education helps in shaping better future of the country with the help of educated society that has good academicians, skilled professionals and learned citizens. The prosperity of any country can be predicted from the educational institutions of that country (Hausmann,2020).The nations lacking in having setup of strong educational institutions fail in harmonizing the alliance between public and private sectors that are strong pillars of the economy. With the passage of time, the more and more people showed interest in acquiring education for livelihood. Owing to this, the governments opened up the education sectors and started sharing information about its goals and courses etc. The universities started using websites as it is the only source of spreading information about the services being offered, thus it involves working of information technology people using round the clock latest web technologies to stay ahead from its competitors. The educational institutions have social importance and special significance as public money collected from taxes is spent in running these organizations. Despite the social importance of universities and their significance as receivers of public funds, hardly any research exists about their disclosure of financial information. The scarce research that has been done has focused on countries such as the United States, New Zealand, Austria, the United Kingdom and Norway. In addition, the Internet is used widely on behalf of public bodies as away to improve their relations with citizens, through greater disclosure of information and the possibility of doing administrative business and paper work online. The research gap identifies the need for investigating the disclosure practices adopted by various technical universities in India and overseas. In addition to this, the reviews made it clear that very less work has been done in this area of study, particularly environmental and social disclosures. The present research work would enable bringing out the prospective benefits of disclo