The Timeliness of Financial Reporting: The Russian Telecom Industry

Robert McGee

Chapter 11 in Corporate Governance in Transition Economies, 2008, pp 115-126 from Springer

Abstract: It is important to report financial information in a timely fashion. The longer a company waits to release its annual report and accompanying financial statements, the more stale the information is and the less useful it is. A number of studies have been done on various aspects of timeliness in financial reporting. Those studies are not summarized here but a listing is provided in the reference section for further research. Various organizations have cited the importance of timely financial reporting. The Accounting Principles Board (1970) addressed the issue in one of its statements. The Organisation for Economic Co-operation and Development (OECD 2004) lists it as an important principle of corporate governance. The World Bank has conducted more than 40 studies on corporate governance in various countries that have included a look at their financial reporting practices, including timeliness. Seventeen of those studies were of transition countries.

Keywords: Corporate Governance; Financial Reporting; Earning Management; Transition Economy; International Financial Reporting Standard (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-0-387-84831-0_11

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DOI: 10.1007/978-0-387-84831-0_11

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