—At the end of the accounting period all statutory
audited business entities have to prepare and submit to the
business register the annual report – the on-time submission of
the financial statements is of a high importance for all
stakeholders to be able to make proper economical decisions.
This paper represents the examination of how the
implementation of the e-submissions of financial statements
has influenced the on-time submission by the selected
companies. In order to determine whether e- system influenced
positively the on-time submission of annual reports authors
have selected the annual reports submitted to the Czech and
Estonian Business Register by the most successful TOP100
Czech and Estonian companies for the period 2007-2011. The
results revealed that the number of the on time submitted
annual reports has increased significantly after the
implementation of the new Estonian e-reporting system,
however Czech companies still are not very willing to submit
their financial statements on time.
—Annual report, presentation, TOP100, Czech
Jiří Strouhal is with University of Economics Prague, Prague, Czech
Republic (e-mail: firstname.lastname@example.org).
Monika Nikitina-Kalamäe and Natalja Gurvitš are with Tallinn
University of Technology/TSEBA, Tallinn, Estonia (e-mail:
Cite: Jiří Strouhal, Monika Nikitina-Kalamäe, and Natalja Gurvitš, "Are Czech and Estonian Companies Willing To Publicly Present Their Financial Statements? Evidence from Czech and Estonian TOP100," International Journal of Trade, Economics and Finance vol.5, no.4, pp. 332-336, 2014.