TIMELINESS OF FINANCIAL REPORTING: ROLES OF EXECUTIVE COMPENSATION, BOARD EDUCATION, AND AUDIT COMMITTEE
Abstract
The purpose of this research is to examine the influence of executive compensation, the educational background of the board of commissioners, and the audit committee on the timeliness of financial reporting. The research population includes consumer cyclicals sector companies listed on the Indonesia Stock Exchange (IDX) for the 2020-2023 period. The research employs purposive sampling and selects 145 observations as the research sample. The data analysis applies panel data regression using EViews 12 software. The results show that the educational background of the board of commissioners significantly influences the timeliness of financial reporting. Companies with commissioners who hold higher educational qualifications tend to deliver financial reports more promptly. In contrast executive compensation and the audit committee do not demonstrate a significant effect on the timeliness of financial reporting. These findings emphasize the importance of commissioners’ educational qualifications as a key factor in improving reporting timeliness compared to compensation incentives or audit committee meeting mechanisms.
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Ullah, I., Zhao, Q., Zeb, A., Iqbal, A., & Khan, M. A. (2023). Board diversity and financial reporting quality: Evidence from China. Economic Research-Ekonomska Istraživanja, 36(2), 1–19. https://doi.org/10.1080/1331677X.2022.2142812
Alqaraleh, M. H. S., & Nour, A. N. I. (2020). The impact of the audit committee on the timeliness of the annual financial reports in Jordanian companies listed in the Amman stock exchange. International Journal of Critical Accounting, 11(4), 287–298. https://doi.org/10.1504/ijca.2020.110320
Andira, P. M. H., & Ratnadi, N. M. D. (2022). Latar pendidikan dewan direksi, dewan komisaris, komite audit dan praktik manajemen laba riil. E-Jurnal Akuntansi, 32(1), 155–167. https://doi.org/10.24843/eja.2022.v32.i01.p11
Asiriuwa, O., Adeyemi, S. B., Uwuigbe, O. R., Uwuigbe, U., Ozordi, E., Erin, O., & Omoike, O. (2021). Do board characteristics affect financial reporting timeliness? An empirical analysis. International Journal of Financial Research, 12(4), 191–202. https://doi.org/10.5430/ijfr.v12n4p191
Bouteska, A., Das, A., Boden, B., & Zoynul, M. (2024). Who affects CEO compensation? Firm performance, ownership structure, and board diversity. Journal of High Technology Management Research, 35(1), 1–18. https://doi.org/10.1016/j.hitech.2024.100501
Bursa Efek Indonesia. (2021). Pengumuman Penyampaian Laporan Keuangan Auditian yang Berakhir per 31 Desember 2020. Jakarta: Divisi Penilaian.
Bursa Efek Indonesia. (2022). Pengumuman Penyampaian Laporan Keuangan Auditan yang Berakhir per 31 Desember 2021. Jakarta: Divisi Penilaian.
Bursa Efek Indonesia. (2023). Pengumuman Penyampaian Laporan Keuangan Auditan yang Berakhir per 31 Desember 2022. Jakarta: Divisi Penilaian.
Bursa Efek Indonesia. (2024). Pengumuman Penyampaian Laporan Keuangan Auditan yang Berakhir per 31 Desember 2023. Jakarta: Divisi Penilaian.
Ebaid, I. E. S. (2022). Nexus between corporate characteristics and financial reporting timelines: Evidence from the Saudi stock exchange. Journal of Money and Business, 2(1), 43–56. https://doi.org/10.1108/jmb-08-2021-0033
Ghani, E. K., & Azmi, A. F. C. (2022). The role of board structure and audit committee structure on financial reporting timeliness: Evidence from public listed compabies in Malaysia. Journal of Asian Finance, Economics and Business, 9(5), 443–0453. https://doi.org/10.13106/jafeb.2022.vol9.no5.0443
Handayani, L., Danuta, K. S., & Nugraha, G. A. (2021). Pengaruh profitabilitas, ukuran perusahaan, dan leverage terhadap ketepatan waktu pelaporan keuangan. Eksis: Jurnal Ilmiah Ekonomi Dan Bisnis, 12(1), 96–99. https://doi.org/10.33087/eksis.v12i1.240
Hosny, K., & Elgharbawy, A. (2022). Board diversity and financial performance: Empirical evidence from the United Kingdom. Accounting Research Journal, 35(4), 561–580. https://doi.org/10.1108/ARJ-02-2020-0037
Hudha, B., & Utomo, D. C. (2021). Pengaruh ukuran dewam direksi, komisaris independen, keragaman gender dan kompensasi eksekutif tehadap penghindaran pajak perusahaan (Studi empiris pada perusahaan manufaktur yang terdaftar di bursa efek Indonesia 2017-2019). Diponegoro Journal of Accounting, 10(1), 1–10.
Jusoh, Y. H. M., Razak, S. N. A. A., Noor, W. N. B. W. M., Hudayati, A., Puspaningsih, A., & Nadzri, F. A. A. (2022). Audit committee characteristics and timeliness of financial reporting: Social enterprises evidence. Contemporary Economics, 16(2), 211–226. https://doi.org/10.5709/ce.1897-9254.478
Kusumawati, R., & Nuswantara, D. A. (2023). Pengaruh karakteristik komite audit terhadap kinerja perusahaan. Journal of Innovation Research and Knowledge, 9(2), 3401–3414. https://doi.org/10.31539/costing.v7i5.11936
Laksmana, I., Pham, T., & Dao, M. (2020). The effect of executive compensation on report lags: An empirical evidence. Review of Pacific Basin Financial Markets and Policies, 23(2), 1–35. https://doi.org/10.1142/S0219091520500113
Mayapada, A. G., Biswas, P. K., & Roberts, H. (2024). Financial reporting timeliness and its determinants in UK charities. Advances in Accounting, 65(1), 1–14. https://doi.org/10.1016/j.adiac.2024.100733
Megawati, Y., & Sulfitri, V. (2023). Pengaruh asimetri informasi, financial distress, tingkat pendidikan dewan komisaris dan keberagaman gender dewan direksi terhadap manajemen laba. Postgraduate Management Journal, 3(1), 61–72. https://doi.org/10.36352/pmj.v3i1.537
Olorede, T. E., Abogun, S., & Olowookere, J. K. (2022). Executive compensation, corporate governance and financial reporting quality: Evidence from listed firms in Nigeria. Istanbul Management Journal, 93(1), 1–19. https://doi.org/10.26650/imj.2022.93.001
Onatuyeh, E., Aniefor, S., Orife, C., Ogbolu, L., & Okoroyibo, E. O. (2024). The impact of auditor attributes and firm size on financial reporting timeliness of listed firms. Investment Management and Financial Innovations, 21(4), 116–127. https://doi.org/10.21511/imfi.21(4).2024.10
Putri, S. Y. U., & Wahyudi, I. (2020). Pengaruh umur perusahaan, ukuran perusahaan, likuiditas dan profitabilitas terhadap ketepatan waktu penyampaian laporan keuangan perusahaan pada masa covid-19 (Studi pada perusahaan properti yang terdaftar di BEI tahun 2019-2020). AKSELERASI: Jurnal Ilmiah Nasional, 4(1), 25–37. https://doi.org/10.54783/jin.v4i1.511
Saragih, H. E., & Laksito, H. (2021). Pengaruh efektivitas komite audit terhadap ketepatan waktu pelaporan keuangan (Studi empiris pada perusahaan perdagangan, jasa, dan investasi yang terdaftar di BEI tahun 2017-2019). Diponegoro Journal of Accounting, 10(4), 1–14.
Serly, S., Susanto, A., & Fedelia, J. (2023). Pengaruh tata kelola perusahaan terhadap kinerja perusahaan dengan struktur kepemilikan sebagai variabel pemoderasi. Reviu Akuntansi Dan Bisnis Indonesia, 7(2), 496–515. https://doi.org/10.18196/rabin.v7i2.20165
Sirait, D. A. P. (2021). Pengaruh profitabilitas, leverage, ukuran perusahaan, reputasi kantor akuntan publik (KAP) dan komite audit terhadap ketepatan waktu penyampaian laporan keuangan pada perusahaan industri barang konsumsi yang terdaftar di bursa efek Indonesia (BEI). AT-TAWASSUTH: Jurnal Ekonomi Islam, 6(1), 90–106. https://doi.org/10.30829/ajei.v6i1.8398
Tanputra, S., Harymawan, I., & Nasih, M. (2023). Board of commissioners educational background and sustainability report quality. Jurnal Dinamika Akuntansi, 15(2), 153–165. https://doi.org/10.15294/jda.v15i2.42263
Ullah, I., Zhao, Q., Zeb, A., Iqbal, A., & Khan, M. A. (2023). Board diversity and financial reporting quality: Evidence from China. Economic Research-Ekonomska Istraživanja, 36(2), 1–19. https://doi.org/10.1080/1331677X.2022.2142812
Published
2025-10-16
How to Cite
AKBAR, Haydar Za'im; KURNIAWAN, Kurniawan.
TIMELINESS OF FINANCIAL REPORTING: ROLES OF EXECUTIVE COMPENSATION, BOARD EDUCATION, AND AUDIT COMMITTEE.
Proceedings of the International Conference of Islamic Economics and Business (ICONIES), [S.l.], v. 11, n. 1, p. 1121-1136, oct. 2025.
ISSN 2541-3333.
Available at: <https://urj.uin-malang.ac.id/index.php/iconies/article/view/3387>. Date accessed: 24 july 2026.
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Articles
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