Financial statement filing lags: An empirical analysis among small firms
研究了比利时小企业财务报表提交延迟现象，发现约三分之一的小企业迟交，货币制裁能有效促进合规，而企业规模和外部审计等因素也影响提交时间，极晚提交与报表质量较低相关。
This article examines financial statement filing lags among a sample of Belgian small firms. Our results indicate that around one-third of small firm financial statements are filed late (after the legal deadline), but that monetary sanctions could be an effective tool to encourage compliance with legal deadlines. Whereas the deadline and late filing sanctions are filing incentives, various factors, such as firm size and presence of an external financial statement audit, also affect financial statement filing lags. Evidence indicated that extremely late filings were associated with lower financial statement quality.