Research On The Factors Influencing The Annual Report Lag Of Listed Companies

Under the background of the growing development of China's capital market,the accounting information of enterprises has a special important position.China's Accounting Standards for Enterprises made it clear that timeliness is the main feature of accounting information quality.,This also reflects the fact that the disclosure of the annual report in China has a long time lag,it is time to study the influencing factors of timeliness of annual report disclosure of listed companies.Moreover,the slow process of annual report disclosure will provide a hotbed for management manipulation and financial fraud.Naturally,whether the timely disclosure of accounting information is reliable or not has become another issue that we need to study urgently.Under the situation that the timeliness of annual report disclosure of Listed Companies in China needs to be improved urgently,this paper takes the data of Shanghai and Shenzhen A shares from 2007 to 2017 as a sample to study the influencing factors of the disclosure delay of annual report of Listed Companies in China,and further studies the interaction between the factors.In the empirical process,the parametric test,the least square method and the logistic regression method are used.The main conclusions are as follows.(1)corporate performance is positively correlated with the timeliness of annual reports disclosure.(2)the structure of company assets can significantly affect the timeliness of annual reports disclosure.(3)the quality of internal control is positively correlated with the timeliness of annual report disclosure.whats more,it has a moderating effect on the relationship between company performance and disclosure timeliness of annual reports and the relationship between the company's asset structure and the disclosure timeliness of the annual report.(4)accounting firms are significantly related to the timeliness of annual reports disclosure,and external audit institutions have a moderating effect on the relationship between company asset structure and the disclosure timeliness of annual reports.(5)the timeliness of annual report disclosure is significantly negatively correlated with earnings quality.