Abstract

We examine deferment in the reporting of financial statements using an alternative measure of reporting delay based on start-up firms’ discretion over the length of the first reporting period. We explore discretion, exercised both by local GAAP adopters and by IFRS adopters, for a sample of Greek start-up firms using both an ex-ante and an ex-post research design. In addition to various factors previously considered by the accounting literature (i.e. performance, leverage, voluntary auditing, and the GAAP regime), we find that liquidity constraints, shareholders’ pressure, and increased noise in accounting measures are associated with a start-up firm’s reporting choice over the length of the first reporting period.

摘要

我们根据初创公司在第一个报告期的长度上的自由裁量权，使用另一种报告延迟的衡量方法来检查财务报表报告中的延迟。我们探索了由当地 GAAP 采纳者和 IFRS 采纳者行使的自由裁量权，以使用事前和事后研究设计的希腊初创公司样本。除了会计文献先前考虑的各种因素（即绩效、杠杆、自愿审计和 GAAP 制度）之外，我们发现流动性限制、股东压力和会计措施中的噪音增加与初创公司的在第一个报告期的长度内进行报告选择。