Timeliness of Financial Reporting in Indonesian Finance Companies

Abstract

The purpose of this study is to analyze the effect of the audit committee, institutional ownership, ROA, public ownership, reputation public accounting firm, and leverage on the timeliness of financial statements. The population of this study is finance companies listed on the IDX (Indonesia Stock Exchange) in 2018-2022. This study used purposive sampling technique, with a total of 55 observations of data. Tests were performed using logistic regression. The results of this study show that ROA has a positive effect on the timeliness of financial statements. Meanwhile, the audit committee, institutional ownership, public ownership, reputation public accounting firm, and leverage do not affect the timeliness of financial statements. The existence of an audit committee, institutional ownership, public ownership, Public Accounting Firm reputation, and leverage do not guarantee that a company reports its financial reports on time. Therefore, the government can minimize financial reporting that is not timely through supervision by the Financial Services Authority (OJK) and the Indonesian Stock Exchange (IDX). With the role of this institution, it is hoped that it can improve and enforce financial reporting regulations for companies in Indonesia.