International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS)
Published June 2, 2026 | Version v1
Journal article Open

THE EFFECT OF INDEPENDENT COMMISSIONERS, BOARD OF DIRECTORS SIZE, AND AUDIT OPINION ON THE TIMELINESS OF FINANCIAL REPORTING (A Study Of Manufacturing Companies In The Industrial Sector Listed On The Indonesian Stock Exchange For The 2020–2023 Period)

Authors/Creators

  • 1. ROR icon Malikussaleh University
  • 2. Sekolah Tinggi Agama Islam aceh tamiang

Description

This study examines the role of Independent Commissioners, Board of Directors Size, and Audit Opinion in influencing the timeliness of financial reporting. Using a quantitative approach with panel data regression, secondary data from corporate financial statements were analyzed. Model selection through the Chow, Hausman, and Lagrange Multiplier tests indicated the Common Effect Model (CEM) as the most suitable. The findings show that, both individually and simultaneously, the three governance variables do not significantly affect reporting timeliness. The limited explanatory power of the model suggests that other factors outside governance mechanisms play a more dominant role. These results highlight the need for broader investigation into determinants of timely financial disclosure, particularly in emerging market contexts.

Files

960+ARTIKEL+IJEBAS+SUBMIT+(1).pdf

Files (637.3 kB)

Name Size Download all
md5:691e61f75ee12c7605663da8003a4d4d
637.3 kB Preview Download

Additional details

References

  • Abdillah, M. R., Mardijuwono, A. W., & Habiburrochman, H. (2019). The effect of company characteristics and auditor characteristics on 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. Annaert, J., De Ceuster, M. J. K., Polfliet, R., & Van Campenhout, G. (2002). Too late? The case of Belgian semi-annual earnings announcements. Journal of Business Finance & Accounting, 29(3–4), 477–495. https://doi.org/10.1111/1468-5957.00438 Arens, A. A., Elder, R. J., & Beasley, M. S. (2020). Auditing and assurance services: An integrated approach (16th ed.). Pearson. Ardianingsih, A., & Payamta, P. (2022). The determinant analysis of the length of time for submission of financial statements on manufacturing companies in Indonesia 2016–2020 period. Proceedings of the International Colloquium on Business and Economics (ICBE 2022), 1, 45–54. Ashton, R. H., Graul, P. R., & Newton, J. D. (1989). Audit delay and the timeliness of corporate reporting. Contemporary Accounting Research, 5(2), 657–673. https://doi.org/10.1111/j.1911-3846.1989.tb00732 Atiase, R. K., Bamber, L. S., & Tse, S. (1989). Timeliness of financial reporting, the firm size effect, and stock price reactions. Contemporary Accounting Research, 5(2), 526–552. https://doi.org/10.1111/j.1911-3846.1989.tb00726 Azhari, F., & Nuryatno, M. (2019). Peran opini audit sebagai pemoderasi pengaruh profitabilitas, ukuran perusahaan, kepemilikan institusional, dan komite audit terhadap ketepatan waktu pelaporan keuangan. Jurnal Riset Akuntansi Mercu Buana, 5(1), 1–18. Baltagi, B. H. (2021). Econometric analysis of panel data (6th ed.). Springer. Creswell, J. W., & Creswell, J. D. (2018). Research design: Qualitative, quantitative, and mixed methods approaches (5th ed.). SAGE. Ghani, E. K., & Azmi, N. A. (2022). Corporate governance and timeliness of financial reporting in Malaysia. Asian Journal of Accounting Research, 7(2), 145–158. https://doi.org/10.1108/AJAR-07-2021-0102 Gujarati, D. N., & Porter, D. C. (2009). Basic econometrics (5th ed.). McGraw-Hill. Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2019). Multivariate data analysis (8th ed.). Cengage Learning. Hsiao, C. (2014). Analysis of panel data (3rd ed.). Cambridge University Press. 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. Lirungan, D., & Harindahyani, S. (2018). The effect of corporate governance on audit report timeliness in Indonesia. Jurnal Akuntansi dan Bisnis, 16(2), 145–160. McGee, R. W. (2004). Corporate governance and the timeliness of financial reporting. Springer. https://doi.org/10.1007/978-1-4020-7790-5 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(3), 241–254. Ozcan, A. (2019). Financial reporting timeliness in global contexts. Journal of International Accounting Research, 18(3), 45–62. https://doi.org/10.2308/jiar-52345 Rosly, A. S., Shafie, R., & Ishak, R. (2024). Corporate governance factors and financial reporting timeliness: A systematic review. PaperASIA, 40(3b), 121–131. Safitri, J., Suhartini, S., & Suhendri, S. (2023). The role of good corporate governance in the timeliness of financial report presentation. Jurnal Bisnis: Teori dan Implementasi, 14(2), 364–382. https://doi.org/10.18196/jbti.v14i2.19889 Sekaran, U., & Bougie, R. (2019). Research methods for business: A skill-building approach (8th ed.). Wiley. Zandi, G., & Abdullah, N. A. H. (2019). Timeliness and transparency in financial reporting: Evidence from emerging markets. International Journal of Accounting and Finance, 9(1), 1–15. https://doi.org/10.1504/IJAF.2019.098765