Track: Undergraduate Student Paper Competition

Abstract

Financial statements contain company information from a financial perspective that can be used as a basis for decision-making. One of the characteristics is that quality financial reports must have been timely so that the information contained can be useful. Timely submission of financial reports is one of the company's responsibilities to the public, investors, and other related parties. The purpose of this study was to examine the effect of the audit committee, public ownership, independent commissioners, the operational complexity, and the age of the company on the timeliness of submitting financial statements, both simultaneously and partially. The population of this study is the consumer cyclical sector companies listed on the Indonesia Stock Exchange for the 2016-2020 period. Purposive sampling was utilized as the sampling method in this study. 51 companies composed the study's sample. Using SPSS version 25, descriptive analysis, and logistic regression analysis are the data analysis techniques used. According to the study's findings, the audit committee, public ownership, independent commissioners, the complexity of the company's activities, and the company's age all have an impact on the timeliness of submitting financial statements.  The audit committee, public ownership, and independent commissioners all have a significant negative effect on the timeliness of submitting financial statements. Then, the operational complexity and the age of the company have no significant effect on the timeliness of submitting financial statements.