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VOL. 8, ISSUE 2 (2026)
Financial report compliance: Timeliness evidence of manufacturing companies listed on the indonesian stock exchange for the period 2022-2024
Authors
Nauval Hilmi, Adi Firman Ramadhan
Abstract
This study examines whether firm attributes
predict timely financial reporting among Indonesian manufacturing issuers.
Grounded in Agency Theory and Stakeholder Theory, the study analyzes the
effects of audit quality (QUAL), firm size (SIZE), profitability (PROF), and
firm age (AGE) on the likelihood of filing within OJK/IDX deadlines. A
quantitative research design was employed using secondary data from 33
manufacturing companies listed on the Indonesia Stock Exchange (IDX) over the
2022–2024 period, selected through purposive sampling. Timeliness (TIME) was
operationalized as a binary outcome based on the interval from fiscal year-end
to the audit opinion date, reflecting the practical publication constraint that
audited financial statements cannot be released before audit completion. The
explanatory variables were constructed from published annual reports: QUAL
(Big-4 vs. non-Big-4), SIZE (natural logarithm of total assets), PROF (return
on assets), and AGE (years since listing). Estimation was performed using
binary logistic regression, supported by descriptive statistics and a
transparent operationalization protocol. The results indicate that audit
quality, firm size, profitability, and firm age do not exhibit statistically
significant associations with timeliness in the primary logistic regression
model at the 5% significance level. Although the coefficients for firm size,
profitability, and firm age are positive, none of these effects are
statistically significant, and therefore all proposed hypotheses are rejected.
These findings suggest that, in manufacturing settings characterized by longer
production cycles and complex supply chains, deadline compliance may depend
more on operational reporting processes, audit coordination, and internal
closing discipline than on profitability signals, auditor reputation,
organizational scale, or firm maturity alone. This study contributes
sector-specific evidence from Indonesia by extending a recent FMCG-based
timeliness framework to the broader manufacturing context and by documenting a
replicable measurement approach with practical implications for issuers,
auditors, and regulators.
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Pages:44-52
How to cite this article:
Nauval Hilmi, Adi Firman Ramadhan "Financial report compliance: Timeliness evidence of manufacturing companies listed on the indonesian stock exchange for the period 2022-2024". International Journal of Management and Commerce, Vol 8, Issue 2, 2026, Pages 44-52
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