The Effect Of Culture, Corporate Governance Quality, And Management Characteristics On The Timeliness Of Financial Reporting: Evidence From Oman

Abstract

The objective of this study is to examine the effect of culture, corporate governance quality, and management attributes on the timeliness of financial reporting. This study is motivated by the lack of investigations and the mixed results of previous research. This study contains two types of investigations. First, it examines the direct effect of culture, corporate governance quality, and management attributes on the timeliness of financial reporting. Second, it investigates whether culture moderates the effect of corporate governance quality on the timeliness of financial reporting. To achieve this objective, this study employs a panel data approach and includes Omani listed companies observed over five years 2007-2011. This approach yielded the 339 company-year observations used in the analysis. In this study, audit report timeliness and total reports timeliness are used to proxy the timeliness of financial reporting because these proxies are common used in financial reporting timeliness literature. Culture is proxied by the proportion of tribal directors on the board.