Can Financial Technology Reduce Reporting Lags?

Wu Po Liu, Shih Bin Wu, Kung Hong Shih, Ken Y. Chen, Hua Wei Huang

Research output: Contribution to journalArticlepeer-review


We investigate whether firms with greater financial technology (FinTech) application experience a difference in audit and financial reporting's timeliness from other firms. We also examine the extent to which FinTech's application relates to reporting lags. Using 32,196 US-listed firm-year observations from 2012 to 2021, we find that the Top 25 FinTech firms experience greater reporting audit and financial lags than other firms, suggesting that strict financial regulations, cybersecurity concerns, and reconciling mixed transactions affect financial reporting's timeliness. Moreover, higher-ranked Top 25 FinTech firms experience greater reporting lags than lower-ranked firms. Furthermore, higher-ranked FinTech firms have greater audit and financial reporting lags.

Original languageEnglish
Article number2350017
JournalReview of Pacific Basin Financial Markets and Policies
Issue number3
Publication statusPublished - 2023 Sept 1

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics


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