The Ability of Go-Public Companies in Financial Statements Timeliness

Fetri Setyo Liyundira, Mimin Yatminiwati, M. Taufiq, Jesy Irwanto and Anisatul Fauziah

Go-public companies that are already listed on the Indonesia Stock Exchange must, of course, have to follow the established rules. However, these go-public companies also have their targets in efforts to improve the survival of their entities. Not only efforts that have been targeted but can contribute to all users that the wider community needs this financial information.The ability of companies to go public in fulfilling these needs is not enough to play with a target. However, this financial information must contain inherent elements and become a need of its users, for example, the need for profitability, liquidity, firm size, and not losing importance is how the implementation of governance in the company.From a study conducted using 100 samples of go-public companies and empirically tested, it resulted that profitability, liquidity, company size, and GCG implementation indeed contribute to the timeliness of financial statement submission, this is proven by good corporate financial performance and consistency in the timely delivery of financial information makes a good signal between the company and interested parties, so that some of these interrelated components must run in balance according to expectations and strategies made by the company by taking into account healthy competition between companies going public.

Volume 11 | Issue 12

Pages: 9-16

DOI: 10.5373/JARDCS/V11I12/20193206