Titlebar

Export bibliographic data
Literature by the same author
plus on the publication server
plus at Google Scholar

 

Better late than never!? : Disclosure timing behavior of German private companies

Title data

Wittmann, Christian ; Bravidor, Marcus:
Better late than never!? : Disclosure timing behavior of German private companies.
2016
Event: 39th European Accounting Association Annual Congress , 11.05.-13.05.2016 , Maastricht.
(Conference item: Conference , Speech )

Related URLs

Abstract in another language

In this paper, we analyze the determinants of disclosure timing decisions of private companies. Without capital-market pressure, lower litigation risks and higher relevance of private information channels, private firms face different cost and benefit consideration regarding their disclosure behavior than listed companies. We argue that firms delay the disclosure decision to minimize related costs. Our analysis is based on a hand-collected sample of 720 large private German companies. All firms are subject to the same mandatory disclosure rules, enforcement mechanism and sanctions. Our results show that disclosure delays are particularly pronounced for firms facing higher proprietary costs. Loss-reporting and family-owned firms show longer disclosure delays. In general, firms exhaust the legally permitted time frame. Many companies even accept fines for overrunning the disclosure deadlines. Our results have practical implications as they shed some light on the perception of indirect costs of disclosure by private companies.

Further data

Item Type: Conference item (Speech)
Refereed: Yes
Keywords: Disclosure Timing; Proprietary Costs; Private firms; Family Firms; Germany
Subject classification: JEL-Classification: M41
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration X
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration X > Chair Business Administration X - Univ.-Prof. Dr. Rolf Uwe Fülbier
Profile Fields > Emerging Fields > Governance and Responsibility
Research Institutions > Research Units > Research Centre for Family Enterprises
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Profile Fields
Profile Fields > Emerging Fields
Research Institutions
Research Institutions > Research Units
Result of work at the UBT: Yes
DDC Subjects: 300 Social sciences > 330 Economics
Date Deposited: 18 May 2016 06:42
Last Modified: 18 May 2016 06:42
URI: https://eref.uni-bayreuth.de/id/eprint/32394