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Analysis of the Determinants for the Publication Speed of Annual Financial Statements

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  • Wirmie Eka Putra
  • Fredy Olimsar

Abstract

The purpose of this study is to determine the simultaneous and partial effects of Company Age, Financial Distress, Independent Commissioners, Institutional Ownership, and Profitability on the Publication Speed of Financial Statements. The study population is companies listed on the Indonesian Stock Exchange between 2018-2020. It can draw the following conclusions from the findings: At the same time, Company Age, Financial Distress, Independent Commissioners, Institutional Ownership, and Profitability influence the speed at which financial statements are an issue. In some cases, it may appear that not all variables significantly affect the annual financial report issuance rate. Company Age, Financial Distress, Independent Commissioners, and Profitability affect the Publication Speed of Financial Statements, but Institutional Ownership does not. By considering the impact of Company Age, Financial Distress, Independent Commissioners, Institutional Ownership, and Profitability on the speed of issuing annual financial reports. These companies expect to release yearly financial statements as soon as possible so that they can optimize their performance to attract investors to invest. Â

Suggested Citation

  • Wirmie Eka Putra & Fredy Olimsar, 2022. "Analysis of the Determinants for the Publication Speed of Annual Financial Statements," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 11(3), pages 27-33, August.
    • Handle: RePEc:rbs:ijfbss:v:11:y:2022:i:3:id:2011
    DOI: 10.20525/ijfbs.v11i3.2011
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    References listed on IDEAS

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    1. Fama, Eugene F & Jensen, Michael C, 1983. "Separation of Ownership and Control," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 301-325, June.
    2. Jensen, Michael C. & Meckling, William H., 2008. "Theory of the firm: managerial behavior, agency costs and ownership structure," RAE - Revista de Administração de Empresas, FGV-EAESP Escola de Administração de Empresas de São Paulo (Brazil), vol. 48(2), April.
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    1. Fredy Olimsar & Wirmie Eka Putra & Feny Tialonawarmi & Melinda Sania Attahira, 2024. "Analysis of the Determinants for the Islamic Social Responsibility," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 13(4), pages 31-37, October.

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