上市公司年报披露及时性决定因素的实证分析被引量：13

An Empirical Research on the Annual Report's Timeliness of Listed Company

导出

摘要本文考察了我国上市公司年报披露及时性的影响因素。研究结果显示,股权特征、会计事项的复杂程度、董事会特征、盈利变量和信息披露质量是影响 DELAY 的重要变量。具体来看,报告年度的累计换手率、平均账户持股数和非经常性损益对 DELAY 的影响不显著;前10大流通持股比例、第一大股东持股比例、董事会规模、独立董事比例、好消息变量和信息披露质量与 DELAY 呈显著负相关关系;规模变量、审计意见、亏损变量和风险变量与 DELAY 呈显著正相关关系。 This paper investigates the influence factors of annual report＇s timeliness of listed company. The result shows that the characteristic of stock ownership, the complexity of accounting item, director board＇s property, profits variable and disclosure quality are the main factors to influence annual report＇s timeliness.

作者齐伟山欧阳令南

机构地区上海交通大学上海交大现代金融研究中心

出处《经济管理》 CSSCI 北大核心 2005年第16期65-70,共6页 Business and Management Journal ( BMJ )

关键词及时性披露质量审计意见 timeliness disclosure quality auditing opinion

分类号 F832.5 [经济管理—金融学]

引文网络
相关文献

参考文献20

1Alexander,J.A.,1993. Leadership instability in hospitals: the influence of board-CEO relations and organizational growth and decline. Administrative Science Quarterly 38,74-99.
2Begley, J. , and P. E. Fischer, 1998,Is there information in an earnings announcement delay? Review of Accounting Studies 3,347-363.
3Bushee,B,, Noe,C. ,2000. corporation disclosure practices, institutional investors, and stock return volatility.Journal of Accounting research 38, 171-202.
4Charles J.P. Chen, Xijia Su and Ronald Zhao, 2000, Market Reaction to Initial Qualified Audit Opinions in an Emerging Market:Evidence from the Shanghai Stock Exchange, Contemporary Accounting Research 17.281-301.
5Chambers, A., Penman,S.,1984. Timeliness of reporting and the stock price reaction to earnings announcements.Journal of Accounting Research 22, 21-47.
6Cooke, T. E., 1989, Disclosure in the Corporate Annual Reports of Swedish Companies, Accounting and Business Research 19(Spring), 113-24.
7Foker, J.E., 1992. The relation between corporate governance and disclosure quality, working paper, Chicago university.
8Jensen.M., 1993. The modern industrial revolution exit, and the failure of internal control system. Journal of Finance48,831 - 30.
9Lipton.M., Lorsch. J., 1992. A model proposal for improved corporate governance, Business Lawyer 59, 59-77.
10Leftwich, et al, 1981. Voluntary corporate disclosure., the case of interim reporting. Journal of Accounting Research 19 (Supplement), 50-77.

二级参考文献64

1许小年王燕梁能主编.中国上市公司的所有制结构与公司治理[A]..公司治理结构:中国的实践与美国的经验[C].北京:中国人民大学出版社,2000..
2Annert, J , J K, Ceuster, R, Polfliet and G, V. Campenhout, 2002,To be or not to be…'too late' :the case of the Belgian semi - annual earningsts[J] ,Journal of Business Finance & Accounting, Vol 29 : 477 - 495.
3Bagnoli, M., W. Kross and S. G. Watts, 2002, The information in management' s expected earnings reported date;a day late, a penny short [ J ], Journal of Accounting Research, Vo140:1275 -1296.
4Chambers, A. E. , and S. H. Penman, 1984, Timeliness of reporting and the stock price reaction to earnings announcements[J], Journal of Accounting Research, Vo122 ; 21 -46.
5Financial Accounting Standards Board, 1998, Accounting standards: statements of financial accounting concepts [S], Wiley,New York.
6Givoly, D , and D. Palmon, 1982, Timeliness of annual earnings announcements: some empirical evidence [J ], the Accounting Review, Vo157 : 486 - 508.
7Kross,W., and D A Schroeder, 1984, An empirical investigation of the effect of quarterly earnings announcement timing on stock returns[J], Journal of Accounting Research, Vo122; 153-176.
8White, H:A Heteroscedasticity consistent covariance matrix and a direct test of heteroscedasticity [J]. Econometrica. Vo148.1980. 817- 838.
9何卫东.“上市公司自愿性披露研究”[A]..深圳证券交易所综和研究所研究成果发表专辑第三辑[C].,2003..
10伍利娜王立彦高强.“审计报告时滞与审计师，客户特征”[A]..《中国审计改革与发展研究》[C].中国财政经济出版社,2003..