Can you let dough rise in the morning and then bake with it in the evening?

I sometimes like to bake fresh bread (specifically, challah) for dinner parties, but by the time I get home from work I don't have time to let it rise and bake it before dinner. Can I make the dough in the morning (around8 am), let it rise all dough, and cook with it after work (around 6pm)? Or does letting it rise for so long affect the flavor and/or texture?