Corporate Attributes and Timeliness of Interim Financial Reporting

This study examines the association between corporate attributes and timeliness of interim financial reporting by a sample of 162 non-financial companies listed on the Tehran Stock Exchange (TSE) from 1384 to 1388. Interim reporting lead time has been used as a surrogate for timeliness. The corporate attributes include size, age, profitability, growth, leverage and share trading volume. Descriptive statistics indicate the reporting lead time is 99 days, on average, which is longer than deadline set by TSE. The multiple linear regression method has been used to check the association of the independent variables with reporting lead time. The results of research show that corporate attributes namely, size of a firm and profitability significantly influence the reporting lead time of companies. Rest of the variables namely, age of a firm, growth, leverage and share trading volume could not significantly influence the reporting lead time during the years of study. The findings may provide some implications for future regulations and research regarding the timeliness of financial reporting in Iran.