The primary aim of this research is to investigate the role of chief executive officer (CEO) origin in the earnings management practices of shareholding non-financial companies listed on the Amman Stock Exchange. The study aims to determine the role of earnings management practices of external CEOs in future performances. To achieve its objectives, a panel data approach for the period 2009-2018 was adopted; in addition, the ordinary least square (OLS) method and two-stage least squares (2SLS) technique were utilised, through fixed-effects and random-effects models, to test the hypotheses. Results show a positive relationship between CEO origin and earnings management practices of shareholding non-financial companies listed on the Amman Stock Exchange. The study reveals an inverse relationship between the earnings management practices during the first period of external CEO's service and the future performance of the company. A literature review found that only a few studies have investigated the role of personal CEO characteristics in earnings management practices in the Jordanian context. No study has examined the influence of CEO origin in earnings management practices. In addition, these findings can offer a board of directors insights into how to focus their attention on the role of CEO origin in earnings management practices so as to benefit their companies .
This paper investigates Algeria's main export volatility drivers via a regression model. The methodology involves the construction and estimation of an econometric model. In this model, the annual time series from 1992 to 2016 is used to estimate the impact of export structure and product concentration on the size of export volatility. The results reveal that export volatility in Algeria is high, and this is due to the growing percentage of consumer and raw material exports. The increasing size of exports is also an essential determinant of volatility. The findings indicate a need to reduce the reliance on primary exports while policymakers should diversify the export basket to reduce export volatility.
The study aimed to identify the role of non-current assets’ fair value in determining audit fees, in addition to studying the impact of non-current assets’ fair value on audit fees. This was achieved through different valuation methods and the corporate governance represented by board independence for the period of 2013 to 2018. The study included 50 industrial companies listed on the ASE. 'The panel data was processed using the fixed effects model, and the study found that there is a reverse effect of the non-current assets’ fair value on the audit fees. Furthermore, the study found a difference in the non-current assets’ fair value on audit fees through corporate governance represented by the independent board of directors as well as a difference in the non-current assets’ fair value on audit fees by different fair value valuation methods measured at the first, second and third levels.
The study aimed at assessing the relevance impact of comprehensive income on stock returns compared with the impact of net income on stock returns, for Jordanian shareholding companies. In addition, the study evaluates the value of adding another comprehensive income items on the stock returns for companies. Moreover, the study examines the impact of comprehensive income on the stock returns before and after adapting to the international accounting standard board by adding comprehensive income items in the income statement. A sample of 1769 observations for Jordanian shareholding companies was selected during the period (2004)(2005)(2006)(2007)(2008)(2009)(2010)(2011)(2012)(2013). The study used the Pooled Regression Model (PRM) in order to achieve the objective of the study.The study found that the effect of comprehensive income on the stock returns is less relevant compared to the effect of net income. Furthermore, the study revealed that adding another comprehensive income item to the income statement has no added-value on the stock returns. Finally, the study shows that there is a difference in reporting the effect of comprehensive income on the stock returns before and after adapting to the international accounting standard board by adding another comprehensive income items. Based on these results the study recommended that awareness should be Raised and knowledge promoted regarding the Comprehensive income concept through better understanding of accounting standards.
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