Audit delays in automotive companies linked to governance practices, impacting market reactions.
The study looked at how good corporate governance affects audit delays in automotive companies in Indonesia. They focused on factors like managerial ownership, independent board members, directors, and audit committees. The researchers found that managerial ownership and independent board members didn't impact audit delays, but the board of directors and audit committee did. This suggests that having the right people in key positions can help prevent delays in financial reporting, which can lead to negative reactions from the market.