Testing the influence of factors on the timeliness of financial reporting – Empirical evidence of Vietnamese listed enterprises
Financial reporting of enterprises has important implications for information users. The timely provision of financial reporting by enterprises helps investors to make appropriate business decisions. The purpose of the paper is to test the influence of the factors on the timeliness of financial repo...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
LLC "CPC "Business Perspectives"
2022-12-01
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| Series: | Investment Management & Financial Innovations |
| Subjects: | |
| Online Access: | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/17466/IMFI_2022_04_Thinh.pdf |
| _version_ | 1811184497530503168 |
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| author | Tran Quoc Thinh Dang Anh Tuan Luu Chi Danh |
| author_facet | Tran Quoc Thinh Dang Anh Tuan Luu Chi Danh |
| author_sort | Tran Quoc Thinh |
| collection | DOAJ |
| description | Financial reporting of enterprises has important implications for information users. The timely provision of financial reporting by enterprises helps investors to make appropriate business decisions. The purpose of the paper is to test the influence of the factors on the timeliness of financial reporting of the Vietnamese listed enterprises. The timeliness of financial statements is determined by the total number of days of difference between the date of signing the audit report and the end of the financial year. The sample includes the top 100 best-listed enterprises of the Vietnamese stock market. The paper uses time series with panel data. The data are collected from annual and financial reports for the period from 2016 to 2020. The paper performs quantitative research to test the hypotheses. The results verify two factors, such as return on equity and audit type, have a negative effect on the timeliness of financial reporting. Audit type has the most influence on timeliness. Research also shows some listed enterprises have not yet complied with regulations on timely information disclosure. The paper proposes some appropriate policies for Vietnamese listed enterprises to ensure the timeliness of information. |
| first_indexed | 2024-04-11T13:13:15Z |
| format | Article |
| id | doaj.art-008c25a4f9114533a53b1d279a8c1fee |
| institution | Directory Open Access Journal |
| issn | 1810-4967 1812-9358 |
| language | English |
| last_indexed | 2024-04-11T13:13:15Z |
| publishDate | 2022-12-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Investment Management & Financial Innovations |
| spelling | doaj.art-008c25a4f9114533a53b1d279a8c1fee2022-12-22T04:22:28ZengLLC "CPC "Business Perspectives"Investment Management & Financial Innovations1810-49671812-93582022-12-0119428529310.21511/imfi.19(4).2022.2317466Testing the influence of factors on the timeliness of financial reporting – Empirical evidence of Vietnamese listed enterprisesTran Quoc Thinh0https://orcid.org/0000-0003-1504-8122Dang Anh Tuan1https://orcid.org/0000-0001-8754-2811Luu Chi Danh2https://orcid.org/0000-0001-9098-2631Ph.D., Associate Professor, Faculty of Accounting and Auditing, Industrial University of Ho Chi Minh CityPh.D., Faculty of Accounting and Auditing, Industrial University of Ho Chi Minh CityLecturer, M. Fin, Faculty of Accounting and Auditing, Van Lang UniversityFinancial reporting of enterprises has important implications for information users. The timely provision of financial reporting by enterprises helps investors to make appropriate business decisions. The purpose of the paper is to test the influence of the factors on the timeliness of financial reporting of the Vietnamese listed enterprises. The timeliness of financial statements is determined by the total number of days of difference between the date of signing the audit report and the end of the financial year. The sample includes the top 100 best-listed enterprises of the Vietnamese stock market. The paper uses time series with panel data. The data are collected from annual and financial reports for the period from 2016 to 2020. The paper performs quantitative research to test the hypotheses. The results verify two factors, such as return on equity and audit type, have a negative effect on the timeliness of financial reporting. Audit type has the most influence on timeliness. Research also shows some listed enterprises have not yet complied with regulations on timely information disclosure. The paper proposes some appropriate policies for Vietnamese listed enterprises to ensure the timeliness of information.https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/17466/IMFI_2022_04_Thinh.pdfannual statementdeadlinefinancial reportinginformation accountingstakeholdertimeliness |
| spellingShingle | Tran Quoc Thinh Dang Anh Tuan Luu Chi Danh Testing the influence of factors on the timeliness of financial reporting – Empirical evidence of Vietnamese listed enterprises Investment Management & Financial Innovations annual statement deadline financial reporting information accounting stakeholder timeliness |
| title | Testing the influence of factors on the timeliness of financial reporting – Empirical evidence of Vietnamese listed enterprises |
| title_full | Testing the influence of factors on the timeliness of financial reporting – Empirical evidence of Vietnamese listed enterprises |
| title_fullStr | Testing the influence of factors on the timeliness of financial reporting – Empirical evidence of Vietnamese listed enterprises |
| title_full_unstemmed | Testing the influence of factors on the timeliness of financial reporting – Empirical evidence of Vietnamese listed enterprises |
| title_short | Testing the influence of factors on the timeliness of financial reporting – Empirical evidence of Vietnamese listed enterprises |
| title_sort | testing the influence of factors on the timeliness of financial reporting empirical evidence of vietnamese listed enterprises |
| topic | annual statement deadline financial reporting information accounting stakeholder timeliness |
| url | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/17466/IMFI_2022_04_Thinh.pdf |
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