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Financial statement filing lags: An empirical analysis among small firms

Journal Contribution - Journal Article

This article examines financial statement filing lags among a sample of Belgian small firms. Our results indicate that around one-third of small firm financial statements are filed late (after the legal deadline), but that monetary sanctions could be an effective tool to encourage compliance with legal deadlines. Whereas the deadline and late filing sanctions are filing incentives, various factors, such as firm size and presence of an external financial statement audit, also affect financial statement filing lags. Evidence indicated that extremely late filings were associated with lower financial statement quality.
Journal: International Small Business Journal
ISSN: 0266-2426
Issue: 4
Volume: 34
Pages: 506 - 531
Publication year:2016
BOF-keylabel:yes
IOF-keylabel:yes
BOF-publication weight:2
CSS-citation score:1
Authors from:Higher Education
Accessibility:Open