This article examines financial statement filing lags among a sample of Belgian small firms. Our results indicate that around one-third of small firm financial statements are filed late (after the legal deadline), but that monetary sanctions could be an effective tool to encourage compliance with legal deadlines. Whereas the deadline and late filing sanctions are filing incentives, various factors, such as firm size and presence of an external financial statement audit, also affect financial statement filing lags. Evidence indicated that extremely late filings were associated with lower financial statement quality.

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In most scientific disciplines, a number of divergent and often highly specialized research areas are examined, which is reflected in substantial differences among journal scopes. Using the accounting literature as an example, we argue that this diversity in scopes should be considered when assessing journal influence. Concretely, we examine a citation-based structural influence measure for a sample of 41 accounting journals. Next, we identify sub-areas in the accounting literature and we explore journal influence in these sub-areas. Our results clearly demonstrate the importance of distinguishing between overall and sub-area influence. In addition, we show that sub-areas should be identified using a fuzzy clustering procedure.