The Effect of Late Publication Financial Statements on Stock Prices with Company Reputation as Moderator in Companies Listed on the IDX Period 2020-2022
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Abstract
This study aims to analyze the effect of delays in the publication of financial statements on stock prices, by considering corporate reputation as a moderating variable in companies listed on the Indonesia Stock Exchange and have experienced delays in the publication of financial statements in 2020-2022. To test this relationship, this study uses audited annual financial report data of 89 companies that are late and listed on the Indonesia Stock Exchange for the period 2020-2022. This research sample was selected using purposive sampling. Data analysis was carried out using the IBM SPSS 22 analysis tool and using simple linear regression techniques. The results showed that late in publication of financial statements had no significant positive effect on stock prices. This shows that late in the publication of financial statements has no influence on stock prices. This study also found that company reputation is able to moderate the effect of late publication of financial statements on stock prices.
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References
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Suryapraja, A. A. (2020). Pengaruh Audit Delay Terhadap Reaksi Investor (Studi Pada Perusahaan Non-Keuangan Yang Terdaftar di Bursa Efek Indonesia (BEI) Pada Periode 2016-2018).
Ayu, I. G., Permata, R., Yudha, P., Putri, A., & Putri, D. (2019). Pengaruh Ketidaktepatwaktuan Pelaporan Keuangan Berpengaruh Pada Reaksi Pasar Perusahaan manufaktur Yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2017. 10(2), 177–187.
Chandra, J., & Arisman, A. (2016). Pengaruh Opini Audit dan Ukuran Kantor Akuntan Publik Terhadap Harga Saham (Studi Empiris Pada Sektor Pebankan Di BEI).
Diputra, R. S., & Anna, Y. D. (2014). Pengaruh Ketepatan Pelaporan Laporan Keuangan, Opini Audit, Pergantian KAP, dan Reputasi KAP Terhadap Reaksi Investor. 39–59.
Etale, L. M., Bingilar, P. F., & Ifurueze, M. S. (2016). Market Share and Profitability, Relationship: A Study Of The Banking sector In Nigeria. 3(8), 103–112. https://doi.org/10.18488/journal.62/2016.3.8/62.8.103.112
Frans, K., & Ilham, M. (2022). Karakteristik Komite Audit dan Keterlambatan Penyampaian Laporan Keuangan. 1(2), 57–64. https://doi.org/10.46870/milkiyah.v1i2.232
Nuari, M. G., & Setyani, A. Y. (2017). Pengaruh Publikasi Laporan Keuangan Terhadap Volume Perdagangan Saham di Bursa Efek Indonesia. 19–29.
Ocak, M., & Findik, D. (2019). The Impact of Intangible Assets and Sub-Components of Intangible Assets on Sustainable Growth and Firm Value : Evidence from Turkish Listed Firms. 5–7.
Oshiana, L. (2018). Pengaruh Kinerja Keuangan, Kebijakan Dividen, dan Aset Tidak Berwujud terhadap Harga Saham. 1–10.
Rachmawati, S. (2008). Pengaruh Faktor Internal dan Eksternal Perusahaan Terhadap Audit Delay dan Timeliness. 1–10.
Rindika, S. M., & Setyaningsih, N. D. (2021). Opini Audit, Audit Report Lag, Reporting Delay, KAP, dan EPS Sebagai Determinan Harga Saham. 12(1), 19–31.
Suryapraja, A. A. (2020). Pengaruh Audit Delay Terhadap Reaksi Investor (Studi Pada Perusahaan Non-Keuangan Yang Terdaftar di Bursa Efek Indonesia (BEI) Pada Periode 2016-2018).