The factors affecting Interim financial reports lag

Authors

Abstract

The timely access to published periodical information of listed companies is one of the investors’ main concerns. Past studies in TSE shows the lack of timely disclosure and delay in company's interim audited reports in recent years. This study aimed to determine the effects of seven factors affecting delay, such as age, industry, size, capital structure, growth, profitability and volume. The population includes all companies they accepted and listed before 2004. Then 103 companies have been selected as research sample. Data analysis was done with Panel Data method. After reviewing the data by descriptive method we used statistical tests. The Mean time of delay for sample companies reporting was about 62 days. After performing all tests , we can say that there is a significant relation between age with delay in interim financial reports. This means that if a company has older age then it has delays less than the deadline.So other independent variables do not have significant relationship with lag.

Keywords


اعتمادی، حسین و اکرم یار محمدی(1382)، بررسی عوامل موثر بر گزارش‌های میان دوره‌ای به موقع در بورس اوراق بهادار تهران، مجله علوم اجتماعی و  انسانی دانشگاه شیراز، ش 38، ص87 تا 99.
بنی مهد،بهمن و محسن محسنی شریف (1389)،بررسی عوامل موثر بر رتبه بندی شرکت‌های بورس اوراق بهادار تهران از لحاظ کیفیت افشا و بموقع بودن،مجله حسابداری مدیریت،ش هفتم،ص51 تا 63.
مهدوی، غلامحسین و مظفر جمالیان پور، (1389)،بررسی عوامل موثر بر سرعت گزارشگری مالی شرکت‌های پذیرفته شده در بورس اوراق بهادار تهران، مجله پژوهش‌های حسابداری مالی، ش 6، ص 89 تا 108.
نوروش،ایرج و سید علی حسینی(1388)،بررسی رابطه بین کیفیت افشا(قابلیت اتکا و به موقع بودن و مدیریت سود، فصلنامه بررسی‌های حسابداری و حسابرسی، ش 55،ص 117تا 131.
Abdulla, J. M. A. (1996),"Timeliness of Bahraini Annual Reports. " Advances in International Accounting 9 ,73-88.  
Aubert, Francois. (2006). Determinants of Financial Corporate Disclosures Timing: An Empirical Examination with French Data. Cahier de recherché, No. 6,pp. 1-24.
Che-Ahmad, A. , & Abidin, S. (2009). Audit delay of listed companies: A case of Malaysia. International business research, 1(4), P32.
Dardor, Z. O. (2009). Publishing delay and the usefulness of annual reports in Libya (Doctoral dissertation, Bournemouth University).
Dogan, Mustafa, Ender Cosku, and Orhan celik. (2007). Is Timing of financial Reporting Related to firm performance? An Examination on Ise Listed Compannies. " International Research Journal of Finance and Economics, No. 12,pp. 222-233.
Ibadin, I. M. , Izedonmi, F. , & Ibadin, P. O. (2012). The Association between Selected Corporate Governance Attributes, Company Attributes and Timeliness of Financial Reporting in Nigeria. Research Journal of Finance and Accounting, 3(9), 137-144.
Ismail, Ku Nor Izah Ku, and Roy Chandler. (2004), The timeliness of quarterly financial reports of companies in Malaysia, AsianReview of Accounting ,Vol. 12,No. 1,pp. 1-18.
Leventis, S. , & Weetman, P. (2004). Timeliness of financial reporting: applicability of disclosure theories in an emerging capital market. Accounting and Business Research, 34(1), 43-56.
Lont, David, and Yuan Sun. (2007). The Timeliness of Full-year and Half-yearly Reports for New Zeland Companies 2004-2006, Chartered Accountants, February ,pp. 1-17.
Mahajan, Poonam. and Subhash Chander. )2008)  Determinants of Timeliness of Corporate Disclosure of Selected Companies in India,  The Icfai University Journal of Accounting Research , Vol. 7,No. 4,pp. 28-63.
Owusu-Ansah, S. (2000). Timeliness of corporate financial reporting in emerging capital markets: Empirical evidence from the Zimbabwe Stock Exchange. Accounting and business research, 30(3), 241-254.
Owusu-Ansah, Stephen, and Stergios Leventis. (2006) . Timeliness of Corporate Annual Financial Reporting in Greece. European Accounting Review . , Vol. 15,No. 2,pp. 273-287.
Türel, A. (2010). Timeliness of financial reporting in emerging capital markets: Evidence from Turkey. Journal of the School of Business Administration, Istanbul University, 39(2), 227-240.