Akademik Veri Yönetim Sistemi
Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi, cilt.24, sa.1, ss.187-196, 2021 (Hakemli Dergi)
Financial reporting aims to reveal the financial position and performance of the reporting entities so that this useful information enables stakeholders to make and evaluate their economic decisions. The qualitative characteristics that financial information should possess are listed in the conceptual framework. Although financial information must have qualitative characteristics in theory, it is an important research question whether the reports presented to public have these qualities, in practice. Therefore, there are many studies in the literature that investigate this question. This study explores the determinants of financial reporting timeliness, one of the secondary qualitative characteristics of financial information. More specifically, this study aims to examine the factors affecting the date when the financial reports are disclosed to the public with a sample of annual financial reports (with 680 observations) of 136 companies traded in Borsa Istanbul Industrials Index (BIST: XUSIN) continuously between 2015 and 2019. Empirical findings show that financial reporting delay is decreasing in firm size, higher liquidity, receiving an unqualified audit opinion, being audited by one of the Big4 accounting firm and experiencing earnings growth. Consistent with prior studies, reporting a loss in the current period, preparing a consolidated financial statement and earnings management appear to lead to an increase in reporting delay.