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Interim financial reporting disclosure by listed firms in the Asia-Pacific region and influencing factors

Huu Cuong Nguyen (Faculty of Accounting, University of Economics – The University of Da Nang, Da Nang, Vietnam)

Pacific Accounting Review

ISSN: 0114-0582

Article publication date: 9 November 2022

Issue publication date: 28 February 2023

203

Abstract

Purpose

This study aims to examine the levels of interim financial reporting (IR) disclosure by listed firms in the Asia-Pacific region and factors influencing these disclosure levels.

Design/methodology/approach

Drawing on a sample of 700 interim reports issued in 2012 by the top 100 listed firms in seven Asia-Pacific countries (Australia, Hong Kong, Malaysia, Singapore, the Philippines, Thailand and Vietnam), the author constructed a disclosure index consisting of disclosure items commonly required across the sample countries. Using this index, the study measures the extent to which listed firms in the Asia-Pacific Region comply with IR disclosure requirements. The study performs ordinary least square regression to investigate the influence of the four country-level factors including international financial reporting standard (IFRS) adoption, audit review, reporting frequency and reporting lag.

Findings

This research documents that IR disclosure varies significantly across the region. The IR disclosure levels are positively associated with IFRS adoption, audit review and mandatory of quarterly reporting, but negatively associated with reporting lag.

Originality/value

IR regulation varies across the Asia-Pacific region, but there is no existing research on the country-level factors influencing IR disclosure practices. To the best of the author’s knowledge, this is the first paper providing some insights into IR disclosure levels by listed firms in the region. It also contributes to the disclosure literature by providing empirical evidence on the country-level factors influencing these disclosure levels. Deriving from the findings, the authors offer recommendations for regulators, investors and listed firms on the issue of reviewing the regulation, using information and preparing IR.

Keywords

Acknowledgements

The author expresses the deepest thanks to Dr Tracy Artiach and Professor Gerry Gallery, who provided insight and expertise that greatly assisted the research. This study is a part of dissertation submitted by the same author on 16 August 2015 in fulfilment of requirements for the degree of Doctor of Philosophy at Queensland University of Technology, Australia. The author acknowledges the editor and reviewers for their comments and suggestions that helped improve the manuscript.

Citation

Nguyen, H.C. (2023), "Interim financial reporting disclosure by listed firms in the Asia-Pacific region and influencing factors", Pacific Accounting Review, Vol. 35 No. 2, pp. 218-248. https://doi.org/10.1108/PAR-08-2021-0134

Publisher

:

Emerald Publishing Limited

Copyright © 2022, Emerald Publishing Limited

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