손실기업 및 이익기업의 배당지급 여부가 감사보고시차에 미치는 영향

[Purpose]This study investigates the effect of dividend payment of loss－making and profit－making companies on the audit reporting time ARL. Specifically, the audit reporting ARL is affected by the characteristics of individual companies, and we will empirically analyze the effect of whether or not dividends are paid by loss－making and profit－making companies on the audit reporting time ARL. [Methodology]Previous research suggests that companies distributing dividends generally report higher quality earnings than those which do not. Timeliness of accounting information is critical for decision－making in the capital market. Furthermore, management’s dividend decision－making is an important decision in that it provides information on the company’s future growth potential and distributes wealth to shareholders, and gives a signal effect to users of accounting information. Therefore, in this study, the impact of the signal effect of dividends on the timeliness of accounting information was analyzed using audit reporting time ARL as a proxy for the timeliness of accounting information. [Findings]As a result of an empirical analysis of securities listed corporations from 2001 to 2020, it was found that among loss－making companies that pay dividends, the time ARL for audit reporting is shorter than those that do not pay dividends. [Implications]This finding contributes to understanding how the signaling effect of dividends impacts the timeliness of financial reporting.