Open AccessFinancial Closing Time, IT Capability, And Quarterly Earnings Patterns
Author(s) -
Mingjun Zhou,
Miguel I. AguirreUrreta
Publication year - 2019
Publication title -
the review of business information systems
Language(s) - English
Resource type - Journals
eISSN - 2157-9547
pISSN - 1534-665X
DOI - 10.19030/rbis.v23i2.10337
Subject(s) - closing (real estate) , earnings , business , finance , economics
This study examines whether superior Informational Technology Capability (ITC) is associated with a shorter financial closing time for publicly traded companies. We also compare patterns of late-year adjustment of quarterly earnings between ITC and non-ITC companies. ITC firms appear to have shorter financial closing times and seem to have a reduced probability to exhibit late-year earnings reversals.