{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,9,30]],"date-time":"2026-09-30T10:59:53Z","timestamp":1790765993337,"version":"4.1.0"},"posted":{"date-parts":[[2026]]},"group-title":"SSRN","reference-count":0,"publisher":"Elsevier BV","license":[{"start":{"date-parts":[[2026,1,1]],"date-time":"2026-01-01T00:00:00Z","timestamp":1767225600000},"content-version":"unspecified","delay-in-days":0,"URL":"https:\/\/www.uspto.gov\/ip-policy\/copyright-policy\/copyright-basics"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"abstract":"<jats:p>Every SEC filing carries a timestamp. We build three characteristics from those timestamps alone \u2014 how late a firm files its quarterly report, how often it files a notification of late filing, and how irregularly its 8-K filings arrive. That filing timeliness predicts the cross-section is known; our question is which component of it does. Over 2010\u20132025 a dollar-neutral quintile portfolio in a universe of roughly 2,250 US stocks earns a net Sharpe ratio of 1.27 with a six-factor alpha of 0.39% per month (t = 5.62) and a market beta of \u22120.03. The economically informative result is a decomposition: the predictive content lies in the cross-sectional level of filing discipline, not in its trailing-mean-adjusted within-firm deviation. Rebuilt as deviations from each firm's own history, the same three characteristics produce a gross alpha of 0.08% per month (t = 1.56) and no held-out performance. Because the existing evidence measures the level without decomposing it, our finding is best read as a statement about which component carries the signal rather than as an explanation of why the effect survives. The effect is concentrated in smaller and more volatile stocks, which limits its capacity.<\/jats:p>","DOI":"10.2139\/ssrn.7536681","type":"posted-content","created":{"date-parts":[[2026,9,30]],"date-time":"2026-09-30T10:14:43Z","timestamp":1790763283000},"source":"Crossref","is-referenced-by-count":0,"title":["Filing Discipline: Regulatory Disclosure Behavior and the Cross-Section of Stock Returns"],"prefix":"10.2139","author":[{"ORCID":"https:\/\/orcid.org\/0009-0007-0822-290X","authenticated-orcid":true,"given":"Lyuge","family":"Zhu","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"78","container-title":[],"original-title":[],"deposited":{"date-parts":[[2026,9,30]],"date-time":"2026-09-30T10:14:43Z","timestamp":1790763283000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.ssrn.com\/abstract=7536681"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2026]]},"references-count":0,"URL":"https:\/\/doi.org\/10.2139\/ssrn.7536681","relation":{},"subject":[],"published":{"date-parts":[[2026]]},"subtype":"preprint"}}