IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-0-387-84831-0_20.html
   My bibliography  Save this book chapter

The Timeliness of Financial Reporting: A Comparative Study of the People#x0027;s Republic of China and the USA

In: Corporate Governance in Transition Economies

Author

Listed:
  • Robert W. McGee

    (Florida International University)

  • Xiaoli Yuan

    (California State University)

Abstract

Timeliness of financial reporting is one of the attributes of good corporate governance identified by the OECD (1998, 2004) and World Bank (2001–2006). Shareholders and other stakeholders need information while it is still fresh and the more time that passes between year-end and disclosure, the more stale the information becomes and the less value it has. Several studies have examined the principle of timeliness of financial reporting in recent years. Some of those studies are listed in the reference section. One particularly interesting study by Haw et al. (2000) on the relationship between firm performance and the timing of annual report releases for Chinese firms found that companies with good news to report release their financial information sooner than do companies with bad news to report, and firms that report losses are even later in reporting their financial results. A few studies have examined timeliness using the same methodology used in the present study. For the most part, those studies used Russia as a case study (McGee 2006, 2007a—c; McGee and Tarangelo 2008). Those studies found that it takes Russian companies significantly longer to report their financial information than it does for companies in the more developed Western economies. Another study compared timeliness for new and old EU countries (McGee and Igoe 2008). That study found that the difference in reporting time is not significant. This chapter presents the results of a comparative study that examined the timeliness of financial reporting in the People’s Republic of China and the USA.

Suggested Citation

  • Robert W. McGee & Xiaoli Yuan, 2008. "The Timeliness of Financial Reporting: A Comparative Study of the People#x0027;s Republic of China and the USA," Springer Books, in: Robert W. McGee (ed.), Corporate Governance in Transition Economies, chapter 20, pages 201-210, Springer.
    • Handle: RePEc:spr:sprchp:978-0-387-84831-0_20
    DOI: 10.1007/978-0-387-84831-0_20
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-0-387-84831-0_20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.