Abstract
Timeliness in the submission of financial statements is an important factor in the relevant presentation information. This research is a proof of concept function analytically and experimentally. This study aims to determine the effect of company performance on timeliness submission of financial reports with good corporate governance as a moderating variable. The object of this research is a manufacturing company that has listed its shares on the IDX from 2018 to 2019. The sample of this study was 193 samples using the purposive sampling method. The analytical method used is a statistical analysis model in the form of a logistic test. The results showed that ROA did not have affect the timeliness of financial reporting, while DER affects the timeliness of financial reporting. Moderation between ROA and frequency of board meetings provides a potential type of moderation. Meanwhile, DER with board meeting frequency resulted in pure moderation.
Highlights
Financial reports are a form of implementation of corporate accountability to various parties, including investors, creditors, and the public
Regarding the relationship between corporate governance which is able to moderate between financial ratios and the level of timeliness of the submission of financial statements, research shows (Hadi, 2018).; Wahyuni, 2020), where the level of supervision as a principle of GCG is able to have an influence on the timeliness of the submission of financial reports, especially if the condition of the financial statements is in good news
Logistic regression is used to test the effect of Return on assets (ROA), Debt to equity ratio (DER), the frequency of board meetings as a moderating variable on the timeliness of the company's financial report submission
Summary
Financial reports are a form of implementation of corporate accountability to various parties, including investors, creditors, and the public. Based on Financial Services Authority Regulation Number 29 / PJOK.04 / 2016 Annual Report Issuers or Public Companies are required to submit an Annual Report to the Financial Services Authority no later than the end of the fourth month after the financial year ends This shows that the timeliness of presenting financial reports to the public is needed and each company is expected not to delay the presentation of financial statements (Elviani, 2017; Novi Asriyatun, 2020). The timeliness of financial reporting is one of the relevance values in the quality of financial reports, so if the information is not conveyed in a timely manner, it will cause the information to lose value in affecting the quality of decisions (Welly et al, 2017) This is believed to be the result of research (Türel, 2010) on 211 non-financial companies listed on the Istanbul Stock Exchange. Regarding the relationship between corporate governance which is able to moderate between financial ratios and the level of timeliness of the submission of financial statements, research shows (Hadi, 2018).; Wahyuni, 2020), where the level of supervision as a principle of GCG is able to have an influence on the timeliness of the submission of financial reports, especially if the condition of the financial statements is in good news
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