| Summary: | 碩士 === 逢甲大學 === 會計所 === 93 === Financial statements play important role in forming share price, and is one of the major information sources for investor to make their decisions. However, the decision usefulness depends on the timeliness of financial reports. This study is to investigate the determinants of semi-annual report time lag.
This study is based on the 2010 samples drawn from the listed companies from 2001 to 2004. Results show that time lag is significant negatively associated with the magnitude of discretionary accruals, financial condition, operating loss, the presence of extraordinary items, company size and non-unqualified audit reports, but positively associated with unexpected good earnings news. In addition, I find that the empirical results of the measurement of time lag which is the interval of time from the time of statutory deadline to the time of earnings announcements is better than the traditional time lag, which is the interval of days from the balance sheet date to the date of earnings announcements. The empirical results may help the authority to revise the statutory deadline in the Securities Exchange Act, and then strengthen the timeliness of financial reports.
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