The influences of CEO IT expertise and board-level technology committees on form 8-K disclosure timeliness

Jacob Z. Haislip, Khondkar E. Karim, Karen Jingrong Lin, Robert E. Pinsker

Research output: Contribution to journalArticlepeer-review

Abstract

Recent research documents the improvement of Form 8-K disclosure timeliness in the post-Sarbanes-Oxley Act (SOX) era. However, it remains unclear why disclosure timeliness overall has improved, but disclosure timeliness for certain events has not improved. We examine firms’ information technology (IT) management and IT governance in order to investigate their potential positive impacts on 8-K reporting timeliness. We find that, on average, IT-expert Chief Executive Officers (CEOs) and firms with board-level technology committees file Form 8-Ks in a timelier manner. Specifically, firms with IT-expert CEOs file a half-day sooner and firms with technology committees file a full-day sooner. Additional analyses show that firms with technology committees file 8-Ks in a timelier manner than firms without technology committees, even when the events are complicated or surprising. In aggregate, our evidence suggests that IT-expert CEOs and IT expertise on the board facilitates efficient IT utilization and is associated with timely disclosure.

Original languageEnglish
Pages (from-to)167-185
Number of pages19
JournalJournal of Information Systems
Volume34
Issue number2
DOIs
StatePublished - Jun 1 2020

Keywords

  • Disclosure timeliness
  • Form 8-K reporting
  • IT expertise
  • IT governance
  • IT management

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