What Best Explains Reporting Delays? A SME Population Level Study of Different Factors

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dc.contributor.authorLukason, Oliver
dc.contributor.authorCamacho Miñano, Juana María Del Mar
dc.date.accessioned2023-06-17T09:21:03Z
dc.date.available2023-06-17T09:21:03Z
dc.date.issued2021-04-22
dc.description.abstractThe objective of this paper is to find out which factors best explain why SMEs delay their annual reports (DAR). Relying on various theoretical streams, we use three types of variables to explain DAR: past DAR behaviour of managers, corporate governance characteristics and occurrence of financial distress. The study is based on the whole population data from Estonia, with a total 59,294 unique firms. Two types of DAR, i.e., short- and long-term delays, are used as dependent variables in the logistic regression analysis. The paper indicates that both types of today’s DAR are best explained by the previous DAR behaviour of managers, especially in the nearest past. Financial distress has a lower, but still acceptable explanatory power, while it remains weak for the corporate governance characteristics. Firm size and age have an impact on the results. As the paper indicates the prominence of recurrent violation behaviour in explaining DAR, the legal framework and its implementation could be adjusted to take account of this fact. The linkage of DAR and financial distress suggests the inclusion of the former into credit scoring models.en
dc.description.departmentDepto. de Administración Financiera y Contabilidad
dc.description.facultyFac. de Ciencias Económicas y Empresariales
dc.description.refereedTRUE
dc.description.sponsorshipUniversidad Complutense de Madrid - Banco de Santander
dc.description.sponsorshipUniversity of Tartu Foundation’s Ernst Jaakson Commemorative Scholarship
dc.description.statuspub
dc.eprint.idhttps://eprints.ucm.es/id/eprint/69631
dc.identifier.citationLukason, Oliver, y María-del-Mar Camacho-Miñano. «What Best Explains Reporting Delays? A SME Population Level Study of Different Factors». Sustainability, vol. 13, n.o 9, abril de 2021, p. 4663. DOI.org (Crossref), https://doi.org/10.3390/su13094663.
dc.identifier.doi10.3390/su13094663
dc.identifier.issn2071-1050
dc.identifier.officialurlhttps://doi.org/10.3390/su13094663
dc.identifier.urihttps://hdl.handle.net/20.500.14352/8640
dc.issue.number4663
dc.journal.titleSustainability
dc.language.isoeng
dc.page.total15
dc.publisherMDPI
dc.relation.projectIDPR87/19-22586
dc.relation.projectIDPRG791
dc.rightsAttribution 4.0 Internationalen
dc.rights.accessRightsopen access
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subject.keywordReporting delays
dc.subject.keywordAccounting regulation violation
dc.subject.keywordManagerial behaviour
dc.subject.keywordCorporate governance
dc.subject.keywordFinancial distress
dc.subject.keywordSMEs
dc.subject.ucmEmpresas
dc.subject.ucmFinanzas
dc.subject.ucmAdministración de empresas
dc.subject.unesco5311 Organización y Dirección de Empresas
dc.titleWhat Best Explains Reporting Delays? A SME Population Level Study of Different Factorsen
dc.typejournal article
dc.volume.number13
dspace.entity.typePublication
relation.isAuthorOfPublicationce97b4c1-b2f9-47ba-80ef-29e0f4a261cd
relation.isAuthorOfPublication.latestForDiscoveryce97b4c1-b2f9-47ba-80ef-29e0f4a261cd
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