Disclosure Timing: Determinants of Quarterly Earnings Release Dates

Sengupta, Partha Pratim

doi:10.2139/ssrn.625121

Cited by 57 publications

(120 citation statements)

References 33 publications

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“…Findings show that there is a negative and significant relation between the extent of voluntary disclosure and the cost of debt (-0.016; t-statistic = -2.86), which is in line with the previous findings of Sengupta (2004). This negative association is also valid when we consider both earning announcement lag and the extent of voluntary disclosure on cost of debt in the same model (-0.015; t-statistic = -2.10).…”

Section: Multivariate Analysissupporting

confidence: 91%

Earnings announcement lag and non-mandatory disclosure impact on the cost of debt: Hong Kong empirical evidence

Guidara¹,

Achek²

2015

10.5267/j.msl

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This paper examines the association between voluntary disclosure, earnings announcement lag and the cost of debt in Hong Kong. The research sample consists of 20 listed companies in the Hong Kong Stock exchange over the period spanning from 2008 to 2011. A disclosure checklist is used to measure the extent of voluntary disclosure in companies 'annual reports. Earnings announcement lag is proxied by the difference between the end of fiscal year and the publication date of financial statements. Results of this study confirm that voluntary disclosure and earnings announcements lag reduce the cost of debt in Hong Kong. These findings suggest that voluntary disclosures play an essential role in reducing cost of debt in Hong Kong context, and managers tend to disclose in early manner to reduce the information asymmetry between their firm and creditors. These findings may have policy implications for managers since they demonstrate that the extent of voluntary and timely disclosures affect the cost of debt.Growing Science Ltd. All rights reserved. 5

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Section: Multivariate Analysissupporting

confidence: 91%

Earnings announcement lag and non-mandatory disclosure impact on the cost of debt: Hong Kong empirical evidence

Guidara¹,

Achek²

2015

10.5267/j.msl

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“…Sengupta (2004) afirma que investidores institucionais exigem informações financeiras de forma contínua, sendo que as empresas reportam informações em relatórios com maior frequência objetivando suprir a pressão desses investidores. O resultado esperado através do exposto seria uma relação positiva e significativa entre as variáveis, porém a análise dos dados obtidos apresentou um resultado significativamente negativo.…”

Section: Resultados Alcançados Pela Pesquisaunclassified

FACTORS RELATED TO THE BRAZILIAN COMPANIES’ DISCLOSURE LEVEL WITH OPEN CAPITAL LISTED ON THE BM&FBOVESPA

Souza

Almeida

2017

RUC

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RESUMOO estudo objetiva identificar os fatores relacionados com o nível de disclosure das companhias brasileiras de capital aberto. A literatura disponível aponta diversos fatores possivelmente relacionados com o nível de divulgação das empresas. Os fatores utilizados no estudo foram: tamanho da empresa; internacionalização; alavancagem; controle acionário; rentabilidade dos ativos; empresas auditadas por big four; nível de governança corporativa; setor de atuação; e presença de investidores institucionais. A pesquisa é constituída por 49 empresas existentes na última carteira Ibovespa, com informações alusivas ao ano de 2015. As informações foram extraídas das Demonstrações Financeiras Anuais, Notas Explicativas e Formulários de Referência da CVM. Utilizaram-se 27 informações referentes à divulgação corporativa para a construção de um score disclosure para as companhias, dispondo de informações obrigatórias e voluntárias.

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“…Ashbaugh et al, (1999); Ettredge et al, (2002); Debreceny et al, (2002), andOyelere et al, (2003) suggested a number of different firm specific factors, for example financial leverage, firm profitability and size of firm. The recent studies now focus on association between IFR and measures of corporate governance such as board size, type of ownership and other measures of corporate governance with the policy of disclosure for example timing, quality, mandatory disclosure or voluntary disclosure etc (Beasley, 1996;Klein, 2002;Xiao et al, 2004;Sengupta 2004;Gul and Leung, 2004;Ajinkya et al, 2005).…”

Section: Internet Financial Reporting and Corporate Governancementioning

confidence: 99%

Impact of Corporate Governance on Internet Financial Reporting in a Growing Economy: The Case of Nigeria

Asogwa¹

2017

ABR

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Disclosure Timing: Determinants of Quarterly Earnings Release Dates

Cited by 57 publications

References 33 publications

Earnings announcement lag and non-mandatory disclosure impact on the cost of debt: Hong Kong empirical evidence

Earnings announcement lag and non-mandatory disclosure impact on the cost of debt: Hong Kong empirical evidence

FACTORS RELATED TO THE BRAZILIAN COMPANIES’ DISCLOSURE LEVEL WITH OPEN CAPITAL LISTED ON THE BM&FBOVESPA

Impact of Corporate Governance on Internet Financial Reporting in a Growing Economy: The Case of Nigeria

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