PENGARUH AUDIT DELAY TERHADAP REAKSI INVESTOR (STUDI EMPIRIS PADA PERUSAHAAN NON- KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI))

The purpose of this study was to examine the effect of audit delay the reaction of investors in companies non-financial listed on the Indonesia Stock Exchange. This study uses a quantitative research with explanatory approach. As in this study population is non-financial companies listed on the Indonesian Stock Exchange (IDX) for 2017 were taken in the period from 2015 to 2017 and there are 122 non-financial companies listed withthe method used in this research is purposive random sampling, the sampling technique is based on certain considerations randomly numbered 30 non-financial companies, Data analysis techniques used in this research is descriptive analysis, classic assumption test, simple linear regression test and t test. The results showed that the influence of audit delay the reaction of investors. The results showed that the variables of audit delay the reaction of investors has t of -2.897 with a significance of 0.007. T value greater than t table that is equal to 1.699 (-2.897> 1699), this indicates the negative influence of the audit delay the reaction of investors. The significant value of 0.007, less than 0.05, so the decision to H0 is rejected. It can be concluded that the audit delay has no effect (negative) significant investor reaction