Research Article

The Effects of Punctuality, Quality of Financial Statements, And The Effectiveness of Financial Statement Information on The Improvement of Company Financial Statement Performance

Authors

  • BAHRUM NAZ SITEPU Department of Accounting, Akademi Akuntansi YPK Medan, Indonesia
  • Endang kurniati Department of Accounting, Akademi Akuntansi YPK Medan, Indonesia
  • Mardiah Hasanah Nasution Department of Accounting, Akademi Akuntansi YPK Medan, Indonesia
  • Rahmad Dani Department of Accounting, Akademi Akuntansi YPK Medan, Indonesia

Abstract

Companies require a short time in creating their financial statements reporting their financial conditions to the public, stakeholders, and investors. In 2019-2020, 80 companies did not publish their financial statements. This phenomenon affected the effectiveness and the financial statement performance and the overall company performance. As a result, the financial statement performance was not good, and the number of investors' trusts in responding to the financial statements of 80 issuers in the stock market decreased. The declining investors' trust was caused by the low effectiveness and quality of the financial statements of 80 companies listed on the IDX. Therefore, the IDX demanded the 80 issuers repair their financial statements based on the actual conditions. This research employed a descriptive quantitative method through multiple linear regression analysis using SPSS 20. The population of this study involved 100 users of financial statements in several Indonesian companies. Meanwhile, the samples of 100 users were taken using the census method distributing a questionnaire directly to the samples via email. Based on the partial and simultaneous hypothesis tests, the data analysis results showed that the punctuality, the quality of financial statements, and the effectiveness of the financial statement information had a positive and significant effect on the companies' financial statement performance.

Article information

Journal

Journal of Economics, Finance and Accounting Studies

Volume (Issue)

3 (2)

Pages

101-105

Published

2021-10-23

How to Cite

NAZ SITEPU, B., kurniati, E., Nasution, M. H., & Dani, . R. . (2021). The Effects of Punctuality, Quality of Financial Statements, And The Effectiveness of Financial Statement Information on The Improvement of Company Financial Statement Performance. Journal of Economics, Finance and Accounting Studies , 3(2), 101-105. https://doi.org/10.32996/jefas.2021.3.2.11

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Keywords:

punctuality, financial statements, statement company financial performance