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The timeliness of quarterly financial reports of companies in Malaysia

The timeliness of quarterly financial reports of companies in Malaysia This study examines the timeliness of quarterly financial reports published by companies listed on the Kuala Lumpur Stock Exchange KLSE. In addition, this study extends prior research by determining the association between timeliness and each of the following company attributes size, profitability, growth and capital structure. An analysis of 117 quarterly reports ended on 30 September 2001 reveals that all, except one company reported within an allowable reporting lag of two months. However, a large number of companies were making the most of the time given to announce their quarterly reports. The study also provides evidence that there is a significant association between timeliness and each of the four company attributes, and the association is in the hypothesised direction. Plausible explanations for these findings are provided. The findings may provide some implications for future regulations and research regarding the timeliness of financial reporting in Malaysia. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asian Review of Accounting Emerald Publishing

The timeliness of quarterly financial reports of companies in Malaysia

Nor Izah Ku Ismail, Ku; Chandler, Roy
Asian Review of Accounting , Volume 12 (1): 18 – Jan 1, 2004
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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1321-7348
DOI
10.1108/eb060770
Publisher site
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Abstract

This study examines the timeliness of quarterly financial reports published by companies listed on the Kuala Lumpur Stock Exchange KLSE. In addition, this study extends prior research by determining the association between timeliness and each of the following company attributes size, profitability, growth and capital structure. An analysis of 117 quarterly reports ended on 30 September 2001 reveals that all, except one company reported within an allowable reporting lag of two months. However, a large number of companies were making the most of the time given to announce their quarterly reports. The study also provides evidence that there is a significant association between timeliness and each of the four company attributes, and the association is in the hypothesised direction. Plausible explanations for these findings are provided. The findings may provide some implications for future regulations and research regarding the timeliness of financial reporting in Malaysia.

Journal

Asian Review of Accounting – Emerald Publishing

Published: Jan 1, 2004

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