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The impact of COVID-19 pandemic on financial reporting delay. Evidence from Ghana
- Source :
- Cogent Business & Management, Vol 11, Iss 1 (2024)
- Publication Year :
- 2024
- Publisher :
- Taylor & Francis Group, 2024.
-
Abstract
- AbstractThe widespread coronavirus (COVID-19) has sparked considerable worry among businesses worldwide, including Ghana. Despite a growing body of information on market and business reactions to the COVID-19 pandemic, there are few to no studies that have empirically examined the direct impact of COVID-19 on a firm’s financial reporting. The paper employed a panel regression model to examine COVID-19 impacts on a firm’s financial reporting delay over 3 years for 100 firms in Ghana comprising 30 listed firms and 70 private firms. The study’s empirical findings indicate COVID-19 and financial report delays have a positive and significant relationship. The study also established that the positive relationship is more pronounced for low-performing and private firms. The study recommended that a firm’s operational strategies be improved and well-coordinated during pandemics to avoid reporting and subsequent operational delays.
Details
- Language :
- English
- ISSN :
- 23311975
- Volume :
- 11
- Issue :
- 1
- Database :
- Directory of Open Access Journals
- Journal :
- Cogent Business & Management
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.4e47356bf402419a806601a37b2965c3
- Document Type :
- article
- Full Text :
- https://doi.org/10.1080/23311975.2024.2318019