Na’im, Ainun
(2000)
Timeliness Of Annual Financial Statement
Submission: Preliminary Empirical Evidence
From Indonesia.
Asian Academy of Management Journal (AAMJ), 5 (2).
pp. 1-20.
ISSN 1394-2603
Abstract
The study investigates the effects of size, profitability, and financial distress on
information regulatory noncompliance (IRN) of firms listed in the Jakarta Stock
Exchange (JSX). The firms’ IRN in this study is measured by the firm
noncompliance on the timeliness regulation, i.e. whether firms submit financial
statement to the Indonesian Capital Market Supervisory Agency (BAPEPAM) on,
before, or after the due date. The purpose of this study is to provide preliminary
empirical evidences about the timeliness of financial reporting which is still very
limited in emerging market such as Indonesia. This study found that return on asset
(ROA) is a determining factor to noncompliance behaviour of the firms in meeting
the timeliness requirement. Inconsistent with previous studies (e.g., Whittred 1980
and Givoly and Palmon 1982), this study found that auditor opinion has no
association with the noncompliance since most of the financial statements of
noncomplying firms have unqualified opinions. The results are partially consistent
with previous studies such as those of Schwartz and Soo (1996).
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