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Lawal, Tolulola and Shinozawa, Yoshikatsu (2024) 'Financial reporting lag during COVID-19: evidence from flash reporting in Japan.' Asia-Pacific Journal of Accounting and Economics, 31 (3). pp. 320-338.

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Considering the waiver of the ‘within 45 days’ rule in Japan following the coronavirus disease 2019 pandemic, we conduct empirical investigations to examine the determinants of the timeliness of flash reporting and the market reactions to flash announcements during the pandemic, distinguishing between early and late filers and between the ‘waiver’ year (2020) and ‘non-waiver’ year (2021). We find that the complexity of operations and earnings news explain the observed reporting delay. We also find significant support for market reactions to flash reporting, suggesting that the waiver policy has no significant impact on the information value of flash announcements.

Item Type: Journal Article
Keywords: Flash reporting, financial reporting, COVID-19, pandemic, Japan, market reactions
SOAS Departments & Centres: Departments and Subunits > School of Finance & Management
ISSN: 16081625
DOI (Digital Object Identifier):
Date Deposited: 18 Nov 2022 15:45

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