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The Impact of Corporate Governance Mechanism, Company Characteristics on the Timeliness of Financial Statements: Evidence from Listed Companies in Vietnam

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  • Phuong Lien Thi Hoang
  • Dong Xuan Pham
  • Eleftherios I. Thalassinos
  • Hoang Anh Le

Abstract

This study aims to determine the factors affecting the timeliness of financial statements from the perspective of company characteristics and corporate governance mechanism. We examined the panel data from financial statements and annual reports of 172 Vietnamese companies listed on HOSE and HNX from 2014 to 2020 and found that company size had a negative impact on the timeliness of financial statements, while profitability had a positive impact. Besides, the findings also showed that board ownership and audit quality had a negative impact on the timeliness of financial statements. Our findings were derived from Bayesian analysis, which was first used in studies related to the timeliness of financial statements. On the basis of our findings, we offer several governance implications for stakeholders.

Suggested Citation

  • Phuong Lien Thi Hoang & Dong Xuan Pham & Eleftherios I. Thalassinos & Hoang Anh Le, 2022. "The Impact of Corporate Governance Mechanism, Company Characteristics on the Timeliness of Financial Statements: Evidence from Listed Companies in Vietnam," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 11, March.
    • Handle: RePEc:bjz:ajisjr:2210
    DOI: https://doi.org/10.36941/ajis-2022-0049
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    References listed on IDEAS

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    1. Ashton, Rh & Willingham, Jj & Elliott, Rk, 1987. "An Empirical-Analysis Of Audit Delay," Journal of Accounting Research, Wiley Blackwell, vol. 25(2), pages 275-292.
    2. Brickley, James A. & Lease, Ronald C. & Smith, Clifford Jr., 1988. "Ownership structure and voting on antitakeover amendments," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 267-291, January.
    3. repec:eme:mfppss:v:34:y:2008:i:12:p:907-918 is not listed on IDEAS
    4. U Efobi & P Okougbo, 2014. "Timeliness of Financial Reporting in Nigeria," South African Journal of Accounting Research, Taylor & Francis Journals, vol. 28(1), pages 65-77, January.
    5. Yousef Mohammed Hassan, 2016. "Determinants of audit report lag: evidence from Palestine," Journal of Accounting in Emerging Economies, Emerald Group Publishing Limited, vol. 6(1), pages 13-32, February.
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    Cited by:

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    2. Karima Lajnef & Kawther Dhifi, 2024. "Integrating Reporting Bridge, the Gap Between CSR Performance and Tax Avoidance Relationship? Insights from South Africa," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 41-59.

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