Timeliness of Financial Reporting in the Russian Energy Sector
15 Pages Posted: 8 May 2006
Date Written: April 2006
This paper examines the timeliness of financial reporting in the Russian energy sector and compares the days delay in reporting by Russian energy companies to days delay by non-Russian companies in the petroleum refining industry. The study found that Russian companies' delay in reporting financial information is significantly longer than that for non-Russian companies.
Keywords: timeliness, financial reporting, Russia, oil, energy, petroleum refining
JEL Classification: D8,G14,G15,K22, L65, L71, L94, L95, M41,O52,P2,Q49
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