Management Disclosure and Timeliness of Earnings Announcement: An Empirical Study

摘要: We investigate the influence of management disclosure to timeliness earnings announcement based on Scheduled Disclosure Policy in China as well requirements Earnings Predict and Express. Our finding suggests that traditional timing patterns still remain market, but differs from most other countries follow random walk process, pattern is scheduled date. In addition, managerial can significantly affect patterns. evidence shows releasing enlarge reporting lags annual report; find little we first quarter report next years are related due their closing time. Further study this relationship sometimes challenge To optimize profit, managers sacrifice signals good news should be announced earlier rationally. Management disclosure, key determinants reports, significant well.