IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-0-387-84831-0_19.html
   My bibliography  Save this book chapter

The Timeliness of Financial Reporting: A Comparative Study of Selected EU and Transition Economy Countries

In: Corporate Governance in Transition Economies

Author

Listed:
  • Robert W. McGee

    (Florida International University)

  • Danielle N. Igoe

    (University of Florida)

Abstract

Timeliness of financial reporting is an attribute of good corporate governance. 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. Corporate governance is a relatively new concept for transition economies. Prior to the fall of the Berlin Wall and the collapse of the Soviet Union there were no profit-making corporations, no shareholders and no need to report financial results except to the government. All those have changed. To raise capital, corporations need to convince potential investors that an investment in their company will be safe. This requires financial reporting standards that can be trusted and financial information that is reported in a timely manner. But the culture of former communist countries is not to disclose information. This mentality is changing as their formerly closed economies open up to investment from the West.

Suggested Citation

  • Robert W. McGee & Danielle N. Igoe, 2008. "The Timeliness of Financial Reporting: A Comparative Study of Selected EU and Transition Economy Countries," Springer Books, in: Robert W. McGee (ed.), Corporate Governance in Transition Economies, chapter 19, pages 189-199, Springer.
    • Handle: RePEc:spr:sprchp:978-0-387-84831-0_19
    DOI: 10.1007/978-0-387-84831-0_19
    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.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ahnaf Ali Alsmady, 2018. "Ownership Structure and its Endogeneity Effect on the Quality of Financial Reporting," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 8(3), pages 509-526, March.

    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_19. 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.