Can Financial Technology Reduce Reporting Lags?

被引：0

作者：

Liu, Wu-Po ^{[1
,2
]}

Wu, Shih-Bin ^{[1
]}

Shih, Kung-Hong ^{[2
]}

Chen, Ken Y. ^{[3
]}

Huang, Hua-Wei ^{[1
,2
]}

机构：

[1] Natl Cheng Kung Univ, Dept Accountancy, 1 Univ Rd, Tainan 701, Taiwan

[2] Natl Cheng Kung Univ, Ctr Innovat FinTech Business Models, 1 Univ Rd, Tainan 701, Taiwan

[3] Natl Taiwan Univ, Dept Accounting, 1,Sec 4,Roosevelt Rd, Taipei 106319, Taiwan

来源：

REVIEW OF PACIFIC BASIN FINANCIAL MARKETS AND POLICIES | 2023年 / 26卷 / 03期

关键词：

FinTech; timeliness of financial reporting; audit reporting lag; financial reporting lag; AUDIT REPORT LAG; BLOCKCHAIN; TIMELINESS; DETERMINANTS;

D O I：

10.1142/S0219091523500170

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We investigate whether firms with greater financial technology (FinTech) application experience a difference in audit and financial reporting's timeliness from other firms. We also examine the extent to which FinTech's application relates to reporting lags. Using 32,196 US-listed firm-year observations from 2012 to 2021, we find that the Top 25 FinTech firms experience greater reporting audit and financial lags than other firms, suggesting that strict financial regulations, cybersecurity concerns, and reconciling mixed transactions affect financial reporting's timeliness. Moreover, higher-ranked Top 25 FinTech firms experience greater reporting lags than lower-ranked firms. Furthermore, higher-ranked FinTech firms have greater audit and financial reporting lags.

引用

页数：20

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