10-K Speed: Is focus on the financial reporting function associated with better accounting information?

2023-12-152023-12-152023-08https://hdl.handle.net/2346/97205This paper examines the association between focus on the financial reporting process as indicated by 10-K filing speed and the quality of accounting information as assessed by the accuracy of initial, annual earnings per share forecasts. I find a significant, inverse relationship between the speed of the 10-K filing and management forecast error. Firms that accelerate filing over time demonstrate an improvement in the accuracy of their earnings forecasts relative to firms that do not. Analyst forecasts are significantly influenced by management forecasts, but results do not suggest a significant, direct relationship. These findings contribute to the financial reporting, management forecast error, and management accounting literature by identifying a link between the external and internal information systems and the associated internal information environment.Embargo status: Restricted until 09/2173. To request the author grant access, click on the PDF link to the left.Application/pdfenFinancial ReportingManagement Forecast ErrorAnalyst Forecast ErrorFiling Speed10-K Speed: Is focus on the financial reporting function associated with better accounting information?DissertationRestricted from online display.