Factors that Affect Stock Prices with Audit Delay as An Intervening Variable

Abstract

This research aims to determine the effect of profitability, leverage, audit opinion, and company size on stock price without delay as an intervening variable (a case study of the LQ 45 company listed on the Indonesia Stock Exchange (BEI) for the period 2018 – 2022). The population in this research is companies classified as LQ 45 in the 2018 - 2022 period. The research sample was selected using a purposive sampling technique, namely a sample determination technique using predetermined criteria so that a total sample of 95 research samples was obtained. This research method uses quantitative methods. The data analysis technique in this research uses the panel data analysis method. This research uses secondary data obtained through data on idx.com, yahoo.finance.com, and the respective company websites. The research results show that profitability and company size has a negative effect on audit delay. Leverage and audit opinion has noeffect on audit delay. Profitability and company size has a positive effect on stock prices. Leverage and audit delay has a negative effect on stock prices. Audit opinion has no effect onstock prices. Audit delay is unable to mediate the effect of profitability, leverage, audit opinion, and company size on stock price.