Research On The Information Content And Influence Factors Of Accounting Information's Timeliness

Accounting Information, as an important way for inventors to understand listed companies'operating conditions, financial position and development potential, directly relates to inventors'interest and regulators'behavior. Timeliness is one significant quality feature of accounting information and it has long been a key research area of scholars at home and abroad. This paper issues the information content and influence factors of the timeliness. The Full-text is divided into the following sections:The first part:Theory study on timeliness's information content and influence factors of timeliness. This part is divided into the following sections:(1) Connotation of timeliness. (2) The necessity of timeliness. (3) The relationships between timeliness and other quality features of accounting information. (4) The study on the system of timeliness, including the system of regular accounting information and the system of temporary accounting information. Subsequently, this paper aims to explain the information content and influence factors of the timeliness theoretically.The second part:Empirical study on timeliness, divided into the following sections:(1) Taking annual reports for example to reveal our listed companies'timeliness current situation.The results show that most listed companies choice to disclosure the accounting information very late, and the timeliness situation is not optimistic. (2) Aiming at abnormal returns and cumulative abnormal returns the two variables, taking event-study as a basis, using methods of regression analysis and test for two independent samples, Mann-Whitney U, tests the information content of timeliness. The results show that the more early the listed companies disclosure the accounting information the more significant the market reaction is. This shows that the timeliness of accounting information contains information. (3) Tests the information content of temporary accounting information. The results show that different temporary accounting information transfers different information. (4) Establish multi linear regression model to analyze the influence factors of timeliness. The results show that firm size, capital frame, audit opinions, EPS and returns on net assets etc all can affect timeliness significantly. The third part:On the basis of above conclusion, gives suggestions about how to improve our accounting information disclosure system and restates that timeliness of accounting information contains information. Investors should take this as one guide to safeguard their own interests.