Timeliness of reporting and the quality of financial information

AKTAŞ R., KARĞIN M.

International Research Journal of Finance and Economics, cilt.63, ss.71-77, 2011 (Scopus) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 63
  • Basım Tarihi: 2011
  • Dergi Adı: International Research Journal of Finance and Economics
  • Derginin Tarandığı İndeksler: Scopus
  • Sayfa Sayıları: ss.71-77
  • Anahtar Kelimeler: Lead time, Quality of financial information, Reporting financial statements, Timeliness, Timely reporting
  • Manisa Celal Bayar Üniversitesi Adresli: Evet

Özet

This study is designed to investigate the effects of sector, reporting type, and income on firms' timely annual financial reporting practices listed on Istanbul Stock Exchange (ISE). Regression model is utilized to examine the effects of sector (financialnon financial firms), financial statement type (consolidated-non-consolidated firms), and income (positive-negative income) for the years from 2005 to 2008. The results reveal that sector, financial statement type and income have significant impact on timely reporting financial statements of selected firms. The coefficient estimates for sector, financial statement type, and income are statistically significant. Effects of sector and financial statement type on lead time are positive while income's is negative. Based on the results, non financial firms publish their financial statements later than others. Similarly, consolidated firms report their financial statements later than non-consolidated firms. Finally, firms that report positive income release financial statements earlier than others. © EuroJournals Publishing, Inc. 2011.