The Effect of Good Corporate Governance Mechanisms and Financial Distress on The Timeliness of Financial Report Submission
DOI:
https://doi.org/10.70895/jemba.v2i1.60Keywords:
Audit Committees, Boards of Directors, Financial Distress, Independent Commissioners, Logistic RegressionAbstract
This study aims to analyze the influence of financial distress, the proportion of independent commissioners, the existence of an audit committee, and the size of the board of directors on the timeliness of financial reporting in non-financial companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2024. Timeliness of financial reporting is an important benchmark for ensuring information transparency and corporate accountability to stakeholders. The method used was a quantitative approach with logistic regression analysis, as the dependent variable is binary. The sample was determined using a purposive sampling technique, resulting in a total of 564 observations. The results indicate that the existence of an audit committee and the size of the board of directors have a positive and significant influence on the timeliness of financial reporting. Conversely, the level of financial distress and the proportion of independent commissioners do not show a significant effect. These findings emphasize the importance of strengthening corporate governance mechanisms, particularly the effectiveness of the audit committee and the structure of the board of directors, in promoting reporting accuracy. However, the role of independent commissioners and the company's financial condition do not significantly contribute to the timeliness of reporting.
Downloads
References
Altman, E. (1968). American Finance Association. The Journal of Finance, 29(1), 312–312. https://doi.org/10.1111/j.1540-6261.1974.tb00057.x
Andri Andri, & Anisa Anisa. (2024). Pengaruh Ukuran Perusahaan, Pergantian Audit, Audit Tenure, Dan Financial Distress Terhadap Audit Delay. Jurnal Akuntansi, Ekonomi Dan Manajemen Bisnis, 4(1), 34–48. https://doi.org/10.55606/jaemb.v4i1.2094
Anggraini, L. (2022). Pengaruh Opini Audit, Komite Audit, Dan Financial Distress Terhadap Audit Delay Dengan Variabel Moderasi. Accounting Student Research Journal, 1(1), 117–133.
Aulia, N., Perdana, R., Muslih, M., & Inawati, W. A. (2023). Analysis of Non-Financial Factors on Timeliness of Financial Statement Submission (Study of Consumer Cyclical Companies Listed on Indonesia Stock Exchange 2016-2020). 1746–1755. https://doi.org/10.46254/ap03.20220299
Azhari, F., & Nuryatno, M. (2020). Peran Opini Audit Sebagai Pemoderasi Pengaruh Profitabilitas, Ukuran Perusahaan, Kepemilikan Institusional, Dan Komite Audit Terhadap Ketepatan Waktu Pelaporan Keuangan. Jurnal Magister Akuntansi Trisakti, 7(1), 61–84. https://doi.org/10.25105/jmat.v7i1.6337
Barmawi, N. A., & Idayati, F. (2020). Pengaruh Penerapan Good Corporate Governance terhadap Ketepatan Waktu Pelaporan Keuangan. Jurnal Ilmu Dan Riset Akuntansi, 9(5), 1–18.
Basri, H., & Iskak, J. (2023). Pengaruh Kemampuan Sumber Daya Manusia, Kualitas Audit, dan Ketaatan Aturan Akuntansi terhadap Ketepatan Waktu Penyampaian Laporan Keuangan Enititas Studi pada Badan Standarisasi Nasional (BSN). Jurnal Manajemen Bisnis Dan Keuangan, 4(2), 201–210. https://doi.org/10.51805/jmbk.v4i2.140
Bestari, F. D., & Satyawan, M. D. (2020). Pengaruh Karakteristik Komite Audit Terhadap Ketepatan Waktu Pelaporan Keuangan (Studi Empiris Perusahaan Perdagangan, Jasa Dan Investasi Terdaftar Di BEI Tahun 2015-2017). AKUNESA: Jurnal Akuntansi Unesa, 8(2), 1–9.
Devtari Bella1, M., & Budiantoro2, H. (2023). The Effect Of Company Age, Financial Distress, Gender Of The Audit Committee On The Timeless Of Submission Of Financial Reports And Audit Opinion As Moderation. Jurnal Akuntansi, 17(2), 235–260.
Dufrisella, A. A., & Utami, E. S. (2020). PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP KETEPATAN WAKTU PENYAMPAIAN LAPORAN KEUANGAN (Studi Kasus Pada Perusahaan Manufaktur Di BEI). Jurnal Riset Akuntansi Mercu Buana, 6(1), 50. https://doi.org/10.26486/jramb.v6i1.1195
Effendi, A. (2016). The Power Of Good Corporate Governance Teori dan Implementasi (2nd ed.). Salemba Empat.
Faulinda, R., Panggiarti, E. K., & Setyawan, S. (2021). Pengaruh Good Corporate Governance (GCG) dan Financial Distress Terhadap Ketepatan Waktu Publikasi Laporan Keuangan Dengan Audit Report Lag Sebagai Variabel Intervening (Studi Kasus Pada Perusahaan Manufaktur yang Terdaftar di BEI Periode 2016-2020)file:/. Jurnal Akuntansi, Auditing, Dan Perpajakan, 3(1), 68–160.
Femilia Asthama, Etty Gurendrawati, & Petrolis Nusa Perdana. (2021). Pengaruh Mekanisme Good Corporate Governance Terhadap Ketepatan Waktu Penyampaian Laporan Keuangan. Jurnal Akuntansi, Perpajakan Dan Auditing, 2(3), 558–578. https://doi.org/10.21009/japa.0203.05
Firjatullah, M. D., & Respati, N. W. (2023). Faktor-Faktor Yang Berpengaruh Terhadap Ketepatan Waktu Penyampaian Laporan Keuangan Perusahaan Tercatat di Bursa Efek Indonesia. Dinamika Ekonomi: Jurnal Ekonomi Dan Bisnis, 16(2), 459–478. https://doi.org/10.53651/jdeb.v16i2.447
Fitriana, D. E., & Bahri, S. (2022). Pengaruh Rasio Keuangan, Ukuran Entitas, dan Ukuran KAP Terhadap Audit Report Lag. Owner, 6(1), 964–976. https://doi.org/10.33395/owner.v6i1.704
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Karina Helida Feprizon, Tri Joko Prasetyo, Chara Pratami Tidespania Tubarad (Author)
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
