TY - JOUR
T1 - Enforcement mechanisms for SEC reporting deadlines
AU - Dalton, Derek
AU - Buchheit, Steve
AU - Oler, Derek
AU - Zhou, Ming
N1 - Funding Information:
We acknowledge and appreciate funding from the Rawls College of Business at Texas Tech University. We appreciate helpful comments provided by Wendy Buchheit, Denton Collins, Stuart Gillan, Carl Hollingsworth, Ross Jennings, Austin Reitenga, Robert Ricketts, David B. Smith, workshop participants at Texas Tech University, Clemson University, the University of Nebraska, the University of Nevada, and North Dakota State University. We also thank participants at the 2011 FARS and 2012 Southeast Region conferences for helpful comments.
PY - 2013/11
Y1 - 2013/11
N2 - SEC filing deadlines accelerated for many firms over the past decade; nevertheless, the percentage of late 10-K filings has decreased by historical standards. From 2000 to 2007, six percent of 10-Ks are late but remain SEC compliant (via a Form 12b-25 filing). An additional 2.5 percent of all 10-K filings are both late and non-compliant. When analyzing all 10-K filings (i.e., both timely and late filings), we find that (1) relatively large stock exchanges, (2) greater analyst coverage, and (3) larger audit firms are each associated with improved timeliness and compliance in 10-K report filings.
AB - SEC filing deadlines accelerated for many firms over the past decade; nevertheless, the percentage of late 10-K filings has decreased by historical standards. From 2000 to 2007, six percent of 10-Ks are late but remain SEC compliant (via a Form 12b-25 filing). An additional 2.5 percent of all 10-K filings are both late and non-compliant. When analyzing all 10-K filings (i.e., both timely and late filings), we find that (1) relatively large stock exchanges, (2) greater analyst coverage, and (3) larger audit firms are each associated with improved timeliness and compliance in 10-K report filings.
KW - 10-K
KW - Regulatory compliance
KW - Regulatory enforcement
KW - SEC
UR - http://www.scopus.com/inward/record.url?scp=84888429971&partnerID=8YFLogxK
U2 - 10.1016/j.racreg.2013.08.007
DO - 10.1016/j.racreg.2013.08.007
M3 - Article
AN - SCOPUS:84888429971
SN - 1052-0457
VL - 25
SP - 185
EP - 195
JO - Research in Accounting Regulation
JF - Research in Accounting Regulation
IS - 2
ER -