Financial statement filing lags: an empirical analysis among small firms
Publication type
Journal article with impact factorPublication Year
2016Journal
International Small Business JournalPublication Volume
34Publication Issue
4Publication Begin page
506Publication End page
531
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This article examines financial statement filing lags among a sample of Belgian small firms. Our results indicate that around one-third of small firm financial statements are filed late (after the legal deadline), but that monetary sanctions could be an effective tool to encourage compliance with legal deadlines. Whereas the deadline and late filing sanctions are filing incentives, various factors, such as firm size and presence of an external financial statement audit, also affect financial statement filing lags. Evidence indicated that extremely late filings were associated with lower financial statement quality.Knowledge Domain/Industry
Accounting & Financeae974a485f413a2113503eed53cd6c53
10.1177/0266242615569324