Pengaruh Financial Distress, Kepemilikan Institusional, dan Ukuran Dewan Direksi terhadap Ketepatan Waktu Penyampaian Laporan Keuangan : Studi Empiris pada Perusahaan Sektor Properti dan Real Estate yang Terdaftar di Bursa Efek Indonesia
Abstract
Timeliness of financial report submission is one of the important qualitative characteristics that financial reports must fulfill, as timely information has higher predictive and feedback value for stakeholders. Delays in submitting financial reports can reduce information relevance and increase information asymmetry. In this research, three factors that can influence the timeliness of financial statement submission, including financial distress, institutional ownership, and board size.The objects of this research are property and real estate sector companies listed on the Indonesia Stock Exchange (IDX) in 2019-2023. Samples were obtained based on the purposive sampling method, resulting in 260 samples from 52 companies during the 2019-2023 period. The data analysis used in this research is logistic regression using SPSS 26 software.The findings of this research indicate that financial distress and institutional ownership do not have a significant influence on the timeliness of financial statement submission. However, board size has a significant positive influence on the timeliness of financial statement submission. This research contributes to strengthening previous research and identifying whether these factors have significant interactions in influencing the timeliness of financial statement submission.
References
Abdillah, M. R., Mardijuwono, A. W., & Habiburrochman, H. (2019). The effect of company characteristics and auditor characteristics to audit report lag. Asian Journal of Accounting Research, 4(1), 129–144.
https://doi.org/10.1108/AJAR-05-2019-0042
Aksoy, M., Yilmaz, M. K., Topcu, N., & Uysal, Ö. (2021). The impact of ownership structure, board attributes and XBRL mandate on timeliness of financial reporting: evidence from Turkey. Journal of Applied Accounting Research, 22(4), 706–731. https://doi.org/10.1108/JAAR-07-2020-0127
Al Daoud, K. A., Ismail, K. N. I. K., & Lode, N. A. (2014). The timeliness of financial reporting among Jordanian companies: Do company and board characteristics, and audit opinion matter? Asian Social Science, 10(13), 191–201. https://doi.org/10.5539/ass.v10n13p191
Alexeyeva, I. (2024). Does board composition impact the timeliness of financial reporting? Evidence from Swedish privately held companies. Journal of International Accounting, Auditing and Taxation, 54.
https://doi.org/10.1016/j.intaccaudtax.2024.100597
Andrei, S., & Robert W, V. (1986). Large Shareholders and Corporate Control. Journal of Political Economy, 94.
Annisa, E., & Syofyan, E. (2023). Ketepatwaktuan publikasi laporan keuangan selama masa pandemi Covid-19: Faktor audit tenure, reputasi KAP, dan financial distress. Jurnal Eksplorasi Akuntansi, 5(1), 344–355.
https://doi.org/10.24036/jea.v5i1.606
Bani Amer, N. S., & Al-Tahat, S. S. (2020). The Board of Directors Characteristics and Timeliness of Annual Financial Reporting for Jordanian Commercial Banks. The Journal of Social Sciences Research, 64, 357–364. https://doi.org/10.32861/jssr.64.357.364
Basuony, M. A. K., Mohamed, E. K. A., Hussain, M. M., & Marie, O. K. (2016). Board characteristics, ownership structure and audit report lag in the Middle East. International Journal of Corporate Governance.
Basompe Margareta, & Wulandari Ika. (2024). Pengaruh mekanisme good corporate governance terhadap ketepatan waktu penyampaian laporan keuangan. Jurnal Ilmiah MEA (Manajemen, Ekonomi, Dan Akuntansi).
Bella, M. D., & Budiantoro, H. (2023). Pengaruh umur perusahaan, financial distress, gender komite audit terhadap ketepatan waktu penyampaian pelaporan keuangan dan opini audit sebagai pemoderasi. Jurnal Akuntansi, 17(2), 235–260.
Chambers, A. E., & Penman, S. H. (1984). Timeliness of reporting and the stock price reaction to earnings announcements. Journal of Accounting Research, 22(1), 21–47. http://www.jstor.org/stable/2490700
Çelik, B., Özer, G., & Merter, A. K. (2023). The effect of ownership structure on financial reporting timeliness: An implementation on Borsa Istanbul. SAGE Open, 13(4). https://doi.org/10.1177/21582440231207458
Conover, C. M., Miller, R. E., & Szakmary, A. (2008). The timeliness of accounting disclosures in international security markets. Finance Faculty Publications, 31.
Dwijayanti, P. F. (2010). Penyebab, dampak, dan prediksi dari financial distress serta solusi untuk mengatasi financial distress. Jurnal Akuntansi Kontemporer, 2(2).
Ebaid, I. E.-S. (2022). Nexus between corporate characteristics and financial reporting timelines: evidence from the Saudi Stock Exchange. Journal of Money and Business, 2(1), 43–56.
https://doi.org/10.1108/jmb-08-2021-0033
Eguavoen, I., Nosa Ugbogbo Ph, S. D., & Kadiri, I. (2022). Board characteristics and financial reporting timeliness of firms in Nigeria. Gusau Journal of Accounting and Finance (GUJAF), 3(2).
Faulinda, R., Kartini Panggiarti, E., Setyawan, S., Studi, P. S., & Ekonomi, F. (2021). Pengaruh good corporate governance (GCG) dan financial distress terhadap ketepatan waktu publikasi laporan keuangan dengan audit report lag sebagai variabel intervening. Jurnal Akuntansi, Auditing, dan Perpajakan, 3(1). https://jom.untidar.ac.id/index.php/jaap
Fachrudin, K. A. (2008). Faktor-faktor yang meningkatkan peluang survive perusahaan kesulitan keuangan. 1–9.
Financial Accounting Standards Board. Statement of Financial Accounting Concepts Nomor 2: Qualitative Characteristics of Accounting Information.
Goh, T. S. (2023). Monograf: Financial distress. www.indomediapustaka.com.
Hanafi, M. M., & Halim, A. (2014). Analisis laporan keuangan, edisi tujuh. UPP AMP YKPN.
I Kadek Pebri Artana, I Putu Gede Diatmika, & Anantawikrama Tungga Atmadja. (2023). The influence of auditor opinion, company size, external pressure on fraud financial reporting with industrial conditions as intervening variables. International Journal of Social Science and Business, 7(1 SE-Articles), 208–215. https://doi.org/10.23887/ijssb.v7i1.57651
Ishak, I., Subhi, A., Sidek, M., & Rashid, A. A. (2010). The effect of company ownership on the timeliness of financial reporting: Empirical evidence from Malaysia. UNITAR E-Journal.
Inawati, W. A., & Azizah, A. N. (2024). Determinants of financial reporting timeliness: A study of Indonesian consumer cyclicals companies. Jurnal Dinamika Akuntansi Dan Bisnis, 11(1), 33–50.
https://doi.org/10.24815/jdab.v11i1.31016
JENSEN, M. C., & MECKLING, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3, 305–360. https://doi.org/10.1057/9781137341280.0038
John, K., & Senbet, L. W. (1998). Corporate governance and board effectiveness. Journal of Banking and Finance, 22(4), 371-403.
Lux, A. K., Teubert, E., & Cieslak, K. (2024). Ownership structure and annual reports: A study on the timeliness of annual reports of Swedish listed firms.
Lukason, O., & Camacho-Miñano, M. D. M. (2019). Bankruptcy risk, its financial determinants and reporting delays: Do managers have anything to hide? Risks, 7(3). https://doi.org/10.3390/risks7030077
Merdekawati, I., & Arsjah, R. J. (2011). Timeliness of financial reporting: An empirical study in Indonesia Stock Exchange. The Indonesian Journal of Accounting Research, 14(3). https://doi.org/10.33312/ijar.243
Nurquran, P. D., & Ardianto, A. (2023). The way financial distress affects financial reporting delay. Jurnal Manajemen Teori Dan Terapan. Journal of Theory and Applied Management, 16(1), 81–94.
https://doi.org/10.20473/jmtt.v16i1.41174
Owusu-Ansah, S. (2000). Timeliness of corporate financial reporting in emerging capital markets: Empirical evidence from the Zimbabwe Stock Exchange. Accounting and Business Research, 30.
https://doi.org/10.2139/ssrn.215929
Pawestri, D. W., & Kurnia, K. (2023). The influence of company size, institutional ownership, financial distress, and implementation of IFRS on timeliness of financial statement submission: A study on mining companies listed on the Indonesia Stock Exchange for the 2017-2020 period. 29, 3010–3020.
https://doi.org/10.46254/eu05.20220579
Piatt, H. D., & Piatt, M. B. (2002). Predicting corporate financial distress: Reflections on choice-based sample bias. Journal of Economics and Finance, 26(2), 184–199. https://doi.org/10.1007/bf02755985
Rahmania, F. (2023). Pengaruh financial distress, profitabilitas dan good corporate governance terhadap kecepatan publikasi laporan keuangan tahunan (studi empiris pada perusahaan sub sektor property dan real estate yang terdaftar di Bursa Efek Indonesia periode 2018–2021).
Rachmad, S. (2004). Studi empiris ketepatan waktu pelaporan keuangan perusahaan manufaktur di Bursa Efek Jakarta. Tesis Program Studi Magister Sains Akuntansi, Program Pascasarjana Universitas Diponegoro Semarang.
Rianti, R. (2014). Pengaruh profitabilitas, leverage, kepemilikan institusional, dan kepemilikan manajerial terhadap ketepatan waktu pelaporan keuangan (studi pada perusahaan manufaktur yang terdaftar di BEI). Jurnal Akuntansi.
Ross, S. A., Westerfield, R. W., Jaffe, J. F., & Jordan, B. D. (2019). Corporate finance (12th ed.). McGraw-Hill Education.
Rustiarini, N. W., Gama, A. W. S., & Werastuti, D. N. S. (2021). Board of director characteristics, institutional ownership, and accounting conservatism. The Indonesian Journal of Accounting Research, 24(02).
https://doi.org/10.33312/ijar.535
Safitri, N. S., & Bawono, A. D. B. (2024). Pengaruh financial distress, return on asset, dan operating cash flow terhadap ketepatan waktu penyampaian laporan keuangan dengan opini audit sebagai variabel moderasi. Jurnal Akuntasi dan Keuangan Kontemporer (JAKK), 7(1).
Suwardjono. (2005). Teori Akuntansi: Perekayasaan Pelaporan Keuangan. BPFE.
Syahputra, M. D., & Miftah, M. (2023). Analisis financial distress perusahaan properti dan real estate. Accounting Student Research Journal, 2(2), 123–142.
Syofyan, E. (2021). Good Corporate Governance (GCG). Malang: Unisma Press.
Surat Keputusan Direksi PT Bursa Efek Indonesia Nomor Kep-00027/BEI/03-2020 tentang kewajiban penyampaian laporan keuangan.
Peraturan Otoritas Jasa Keuangan Republik Indonesia Nomor 14/POJK.04/2022 tentang Penyampaian Laporan Keuangan Berkala Emiten Atau Perusahaan Publik.
Keputusan Direksi PT Bursa Efek Indonesia Nomor Kep-00015/BEI/01-2021 tentang Peraturan Nomor I-E mengenai Kewajiban Penyampaian Informasi.
.png)
.png)
