Stephanus Dwiarso Utomo, Maradewi Ayu Kumalasari, Zaky Machmuddah


Fraud cases in the capital market concerning financial report delay were the main issues of the research. The aim of this research was to investigate the effect of financial performance, audit delay, and firm value. The population of the research was all companies listed in Indonesian Stock Exchange, from 2011-2013. The total of research samples were 38 banking companies with 97 annual reports done by using purposive sampling method. Data analyses used were classical assumption test and hypothesis test with multiple-linear regression analysis. The result of the research showed that financial performance had a significant influence on audit delay, while financial performance had a significant influence on firm value. Meanwhile, audit delay did not significantly influence firm value. The practical implication of the research suggested the delay of the financial report’s delivery had an impact on a company’s image in front of the stakeholders.


audit delay, financial performance, firm value


Asiri, B.K., Hameed, S.A. 2014. Financial Ratios and Firm's Value in the Bahrain Bourse. Research Journal of Finance and Accounting, 5(7).

Asthana, Sharad. 2014. Abnormal Audit Delays, Earnings Quality and Firm Value in the USA. Journal of Financial Reporting and Accounting, 12(1): 21- 44.

Ayemere, I.L. & Elijah, A. 2015. Corporate Attributes and Audit Delay in Emerging Markets: Empirical Evidence from Nigeria. International Journal of Business and Social Research, 05(03): 01-10.

Bank Indonesia. 2012. Peraturan Nomor 14/14/PBI/2012 tentang Transparasi dan Publikasi Laporan Bank. Jakarta: Bank Indonesia.

BAPEPAM-LK. 2012. Peraturan Bapepam X.K.6 (Lampiran Keputusan KetuaBapepam Nomor Kep-431/BL/2012 tanggal 1 Agustus 2012). PenyampaianLaporan Tahunan Emiten atau Perusahaan Publik. Jakarta: Badan Pengawas Pasar Modal dan Lembaga Keuangan.

Bursa Efek Jakarta. 2004. Keputusan Direksi PT Bursa Efek Jakarta NOMOR : Kep-307/BEJ/07-2004 tentang Peraturan Nomor I-H tentang Sanksi. Jakarta: Bursa Efek Jakarta.

Connelly, B.L., Certo, S.T., Ireland, R. D., & Reutzel, C.R. 2011. Signaling Theory: a Review and Assesment. Journal of Management 37(1): 39-67.

Gamayuni, R.R. 2015. The Effect of Intangible Asset, Financial Performance and Financial Policies on the Firm Value. International Journal of Scientific & Technology Research, 4(01); 202-212.

Hersugondo & Kartika, A. 2013. Prediksi Probabilitas Audit Delay dan Faktor Determinannya. Jurnal Ekonomi Manajemen dan Akuntansi, XX(35).

Hidayah, N. 2014. The Effect of Company Characteristic toward Firm Value in the Property and Real Estate Company in Indonesia Stock Exchange. International Journal of Business, Economics and Law, 5(1):

Hossain, M.A. & Taylor, P.J. 1998. An Examination of Audit Delay: Evidence from Pakistan. Papers 64 for APIRA 98 in Osaka, 1-16.

Kartika, A. 2011. Faktor-Faktor yang Mempengaruhi Audit Delay pada Perusahaan Manufaktur yang Terdaftar di BEI. Dinamika Keuangan dan Perbankan, 3(2): 152-171.

Lawrence, J. & Bryan, B. 1998. Characteristics Associated with Audit Delay in the Monitoring of Low Income Housing Projects. Journal of Public Budgeting Accounting & Financial Management, 10(2): 173-191.

Lestari, L.A. & Misdiyono. 2013. The Influence of the Internal Factor and External against Audit Delay on Banking Industry in Indonesia Stock Exchange. Jurnal Ekonomi dan Kewirausahaan, 9(18): 31-41.

Mulyawati, S., Rini, L., & Nurleli. 2015. Pengaruh Kinerja Keuangan terhadap Nilai Perusahaan. Prosiding. Penelitian SPeSIA.

Otoritas Jasa Keuangan. 2014. Surat Edaran Nomor 11/SEOJK.04/2014 tentang Kewajiban Penyampaian Laporan kepada OJK. Jakarta: Otoritas Jasa Keuangan.

Otoritas Jasa Keuangan. 2015. Peraturan Otoritas Jasa Keuangan Nomor 6/POJK.03/2015 tentang Transparansi dan Publikasi Laporan Bank. Jakarta: Otoritas Jasa Keuangan.

Sutinen, J.G. & Kuperan. K. 1999. A Socio Economic Theory of Regulatory Compliance. International Journal of Social Economics, 26: 174-193.

Tjandrakirana, R. & Monika, M. 2014. Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Jurnal Manajemen & Bisnis Sriwijaya 12(1).

Vuko, T. & Cular, M. 2014. Finding Determinants of Audit Delay by Pooled OLS Regression Analysis. Croatian Operational Research Review, 5(2014): 81–91.

Full Text: pdf


  • There are currently no refbacks.



Jurnal Keuangan dan Perbankan (Journal of Finance and Banking)

Diploma Program of Banking and Finance, Faculty of Economics and Business, University of Merdeka Malang

Published by University of Merdeka

Mailing Address:

2nd floor Finance and Banking Building, Jl. Terusan Raya Dieng No. 57 Malang, Indonesia
Phone: +628123321664

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0