Factors That Determine the Speed of Financial Statement Completion: The Case Study of Textile Manufacturing Company Listed in Indonesian Stock Exchange

Abstract

This study aims to analyze the factors that influence the timeliness of the submission of financial statements of textile and garment sub-sector manufacturing companies listed on the Indonesia Stock Exchange (IDX). The factors tested in this study are profitability, liquidity, financial leverage and company size as independent variables while timeliness is the dependent variable. The sample of this study consisted of 42 companies listed on the Indonesia Stock Exchange (IDX) and submitted financial statements to Bapepam in the 2013-2015 period. The data used in this study are secondary data and sample selection using purposive methods. The analytical tool used was logistic regression analysis at a 5% significance level. The results of hypothesis testing show that the company's liquidity and size have a significant effect on the timeliness of the submission of financial statements. However, there is no evidence that profitability and financial leverage affect the timeliness of the submission of financial statements.