Timeliness of Annual Reports of Chinese Listed Companies
AbstractThe timeliness of annual reports has received serious attention by the Chinese regulatory and professional bodies in recent years. Using 8294 company reports from the Chinese listed companies during 1993-2003, this paper analyzes the timeliness of annual reports by first examining the trend of reporting lags, separating the effects of 'good' and 'bad' news on timeliness, and then by using a multivariate regression to identify the determinants of reporting lags. It is found that there is a significant improvement on timeliness of reports although the shortening of reporting lags shows a U-shape over the data period. There is strong evidence that reporting lags were related to firm performance as bad news tended to hold back timely release of corporate reports. It is interesting to note that government policies have also played an important role in improving timeliness of corporate annual reporting in China but much more work needs to be done to make sure that listed companies provide more timely and reliable reports to investors and regulatory authorities.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Journal of Chinese Economic and Business Studies.
Volume (Year): 4 (2006)
Issue (Month): 3 ()
Contact details of provider:
Web page: http://taylorandfrancis.metapress.com/link.asp?target=journal&id=109387
Find related papers by JEL classification:
- JEL - Labor and Demographic Economics - - - - -
- Cla - Mathematical and Quantitative Methods - - - - -
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies
- G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.