THE RELEASE TIMING OF ANNUAL REPORTS AND BOARD CHARACTERISTICS

Chen-Hui Wu, Chin-Shun Wu and Victor W. Liu

The International Journal of Business and Finance Research, 2008, vol. 2, issue 1, 103-118

Abstract: This paper posits that the release timing of an annual report has no systematic relation with earnings news in Taiwan. Since the board of directors has the ultimate responsibility for the implementation of corporate governance, we argue that board characteristics are important determinants for the timeliness of a firm’s annual report. The empirical results show no behavioral evidence of good news early and bad news late. Although the magnitude of board size has no significant impact, a board with ultimate owners and a board with independent directors have a positive influence on the reporting lag. Other firm characteristics and technological changes are also found to be related with the reporting lag.

JEL-codes: G34 M41 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ibf:ijbfre:v:2:y:2008:i:1:p:103-118

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