Corporate Governance And Financial Reporting Timeliness

CHAPTER ONEINTRODUCTIONBackground of The StudyTimeliness is a fundamental characteristic of the financial reporting of information to agents and users to enable them to make informed decisions about an entity. Information potentially loses relevance with age and extended delays in the availability of financial statement information render the information less useful for economic decision-making. Although regulatory requirements and pressures exert a significant influence over financial reporting timeliness, there remains considerable discretion over when firms release their financial statement…