Financial Reporting Lags in the Non-profit Sector: An Empirical Analysis

被引：0
作者：
Anne-Mie Reheul
Tom Van Caneghem
Sandra Verbruggen
机构：
[1] HUBrussel,
来源：
VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations | 2014年 / 25卷
关键词：
Non-profit; Financial reporting; Reporting lag;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
We examine financial reporting lags among a large sample of Belgian non-profit organizations (NPOs). Doing so, we add to the literature on financial reporting and accountability in the non-profit sector. Next to drivers of the financial reporting lag that have been identified in prior studies based on private firms (e.g., delaying the disclosure of bad news), we find that the way of funding the NPO (i.e., reliance upon donations and/or grants) and its specific area of activity are significantly related to the financial reporting lag. Our results also suggest that important changes in accounting regulation significantly delay the financial reporting process. Importantly, we note that 17.2 % of the sample organizations do not file their financial statements within the legal time span.
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页码：352 / 377
页数：25
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