Firm Characteristics, Capital Structure and Financial Reporting Timeliness: The Mediating Role of Financial Performance in Indonesian Food and Beverage Companies
Diana Kartika *
Accounting Department, Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA), Indonesia.
Nur Fadjrih Asyik
Accounting Department, Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA), Indonesia.
Wahidahwati
Accounting Department, Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA), Indonesia.
*Author to whom correspondence should be addressed.
Abstract
Aims: The food and beverage industry is an example of the rapid development in the industrial world in recent years
Study Design: Companies are increasingly intensifying their competition in line with this rapid economic growth. The purpose of this research is to test and analyze the influence of company size, company age, and capital structure on the timeliness of financial reporting through financial performance.
Methodology: This research employs a quantitative research method. The population of this study consists of 26 food and beverage companies listed on the Indonesia Stock Exchange during the period 2019-2022. The sampling technique used in this study is purposive sampling. The research sample consists of 24 companies. Data analysis is conducted using path analysis with the assistance of SPSS software version 25.
Results: The research results indicate that company size, company age, and capital structure have a positive influence on financial performance. Company size, company age, capital structure, and financial performance have a positive influence on the timeliness of financial reporting. Meanwhile, company size, company age, and capital structure positively influence the timeliness of financial reporting through financial performance.
Conclusion: This study is essential as there are still food and beverage companies that delay the submission of financial reports, thereby failing to meet the expectations of financial statement users.
Keywords: Company size, company age, capital structure, timeliness of financial reporting, financial performance