Factors Affecting Timeliness Of Financial Statements Of Companies Listed On Viet Nam Stock Market

Abstract

"Timeliness" is one of the four important indicators of accounting information that must be presented, which is also one of the factors contributing to the usefulness of the financial statements. This study was conducted to consider the factors that influence the timeliness of the financial statements (financial statements) of listed companies (CTNY) on the stock market (stock market) of Vietnam and analyze the importancẹ on the timeliness of financial statements for investors, reporting entities and the development of the capital market. The sample includes 150 CTNY on Ho Chi Minh City Stock Exchange (Ho Chi Minh City) and Hanoi Stock Exchange in 2020. The author uses quantitative research methods to assess the impact of Factors on the timeliness of financial statements. The research results show that two factors: financial leverage and company size have the opposite effect on the timeliness of financial statements of the CTNY; The factors of the type of financial statements, audit opinion, and industry type have a positive impact, while the factor, earnings per share, does not affect the timeliness of the financial statements. Since then, the author proposes several recommendations to improve the timeliness of financial statements of CTNYs on Vietnam's stock market.