ACCOUNTING INFORMATION CONTENT AND TIMELINESS OF ANNUAL REPORT DISCLOSURE - An Evidence from China’s Listed Companies

Hou Pu, Geng Guanyu, Ma Zhong

Abstract

In China, new corporate accounting standards and new CPAs auditing standards were mandatory implemented in 2007, which brought in more convergence with international standards. In the same year, the Administrative Measures on Information Disclosure for Listed Companies was also implemented, setting up more specific requirements on information disclosure for annual reports. Based on these institutional changes and current analysis of report disclosure, this study examines the timeliness of accounting information disclosure and related information content. Our findings provide evidences that in current China market, while the pattern of “slack starting and tight ending” continues, most listed corporations still won’t disclose their information until latter half of report disclosure period, some evidence of improvements has begun to appear in comparison with previous years. The empirical results further suggest that compared with companies making late disclosures, firms making early disclosures tent to surprise the market with stronger price reactions, larger abnormal earning and more accumulative surplus profits. It also indicates that institutional changes have improved the timeliness of information disclosure; the timeliness does possess information capacity. The earlier a disclosure is made, the larger information content it may carry out, which is particularly reflected non-state enterprises and competition industry.

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Paper Citation


in Harvard Style

Pu H., Guanyu G. and Zhong M. (2011). ACCOUNTING INFORMATION CONTENT AND TIMELINESS OF ANNUAL REPORT DISCLOSURE - An Evidence from China’s Listed Companies . In Proceedings of the 13th International Conference on Enterprise Information Systems - Volume 2: SSSCM, (ICEIS 2011) ISBN 978-989-8425-54-6, pages 400-408. DOI: 10.5220/0003595104000408


in Bibtex Style

@conference{ssscm11,
author={Hou Pu and Geng Guanyu and Ma Zhong},
title={ACCOUNTING INFORMATION CONTENT AND TIMELINESS OF ANNUAL REPORT DISCLOSURE - An Evidence from China’s Listed Companies},
booktitle={Proceedings of the 13th International Conference on Enterprise Information Systems - Volume 2: SSSCM, (ICEIS 2011)},
year={2011},
pages={400-408},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0003595104000408},
isbn={978-989-8425-54-6},
}


in EndNote Style

TY - CONF
JO - Proceedings of the 13th International Conference on Enterprise Information Systems - Volume 2: SSSCM, (ICEIS 2011)
TI - ACCOUNTING INFORMATION CONTENT AND TIMELINESS OF ANNUAL REPORT DISCLOSURE - An Evidence from China’s Listed Companies
SN - 978-989-8425-54-6
AU - Pu H.
AU - Guanyu G.
AU - Zhong M.
PY - 2011
SP - 400
EP - 408
DO - 10.5220/0003595104000408