The Relationship between Voluntary Disclosure and Company Performances on Interim Reports in Jordan Using the Method of Causality Directions

Albawwat, Ala Hussein; Basah, Mohamad Yazis Ali; Khairi, Khairil Faizal

doi:10.5539/ijef.v7n7p217

Cited by 7 publications

(8 citation statements)

References 34 publications

(40 reference statements)

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“…The method uses the short period but with significant numbers of sample. GMM has to level equations; first difference-where each equation uses instrumental variables to remove correlation among explanatory variables and error (Albawwat et al, 2015).…”

Section: Dynamic Panel Generalized Methods Of Moment (Gmm)mentioning

confidence: 99%

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Analysis of the relationship between corporate social responsibility (CSR) spending and market stock price among Jordanian service firms

Odeh

Alshannag

Eneizan

et al. 2020

Cogent Business & Management

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In this study, the relationship of corporate social responsibility (CSR) spending and Market Stock Price was analyzed. The study sample comprised of 102 services firms listed on the Amman Stock Exchange (ASE) for the years 2010 to 2017. In particular, CSR spending reflects the actual CSR activities monetary contributions that are mandated to be disclosed in the firm's income statement. This study adopted the Generalized Method of Moment (GMM) to analyze the CSR spending-Market Stock Price relationship. The control variables included firm size, leverage and ownership. Based on the findings, no significant relationship exists between CSR spending and market stock price (MSP) in any direction. Added to this, control variables had no effect on MSP. However, the findings showed a significant positive effect of firm size on CSR spending and a negative effect of leverage on CSR spending, with no significant effect of ownership on the same. This study has several implications for the enhancement of the information and understanding of the firms' Market Stock Price as it shed light on the CSR spending-Market Stock Price relationship. Moreover, the study findings contribute to literature concerning CSR practices in the context of developing nations.

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Section: Dynamic Panel Generalized Methods Of Moment (Gmm)mentioning

confidence: 99%

“…The test measures the difference between the Hansen statistics generated by the GMM and the GMM difference. With the failure of rejection of the null hypothesis, the estimated model is said to be supported (Albawwat et al, 2015).…”

Section: Dynamic Panel Generalized Methods Of Moment (Gmm)mentioning

confidence: 99%

Analysis of the relationship between corporate social responsibility (CSR) spending and market stock price among Jordanian service firms

Odeh

Alshannag

Eneizan

et al. 2020

Cogent Business & Management

View full text Add to dashboard Cite

show abstract

“…It should be noted that data availability and completeness are the other two factors that determine the selection of the company as well as the study period. Further, only data from the first-half of the interim financial report were used for this study, as they are regarded to be more valuable to users (Albawwat et al 2015). As for the other half of the data, they would also be found in the annual report.…”

Section: Methodology Of Research 41 Datamentioning

confidence: 99%

The Impact of Shariah Approved Companies on the Relationship between Corporate Governance Structure and Voluntary Disclosure of Interim Financial Reporting in Jordan

Albawwat¹,

Basah²

2015

IJARAFMS

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This study examines the impact of shariah approved companies on the relationship between corporate governance structure and voluntary disclosure of half-yearly reports in Jordan, focusing on variables that affect voluntary disclosure of the ASE Jordanian listed companies. The dynamic panel system GMM estimation was employed on the data from 72 selected ASE listed companies for the period of 2009-2013, and the results show that a substantial level of voluntary disclosure is demonstrated in high level corporate governance awareness and implementation in Jordan. Specifically, the factors of board compensation, number of shareholders, government ownership and Shariah approved company significantly impact voluntary disclosure. In addition, this study shown that the effect imparted by the presence of audit committee, board size, and block-holder ownership on the level of voluntary disclosure appear to be greater among the Shariah approved companies. Aside from that, voluntary disclosure in the half-yearly reports has potential impact on market capitalization. The findings may provide some implications for research regarding the voluntary disclosure and Shariah approved companies of financial reporting in Jordan.

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“…To determine information overload issues, a self-constructed disclosure checklist which included mandatory and voluntary disclosures were developed from the disclosure checklist prepared by PricewaterhouseCoopers (2009) and Albawwat et al (2015). The disclosure items were checked against the financial reports from the companies.…”

Section: Operationalization Of Variablesmentioning

confidence: 99%

Does Information Overload of Annual Reports Matter?

San¹,

Teh²,

Seng³

et al. 2020

IJFR

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Nowadays, information overload is an increasing concern and has become an alarming issue. Bursa Malaysia requires all PLCs to have corporate disclosures in their annual reports in order to cultivate good corporate governance. However, annual report readability issues are evident and poor annual report readability is a common occurrence in Malaysia. Thus, this paper seeks to empirically investigate the association between information overload issues, annual readability and financial performance of Malaysian PLCs. Secondary data consisting of 85 PLCs from the years 2015 to 2017 were used. The results have revealed that the information overload issues, i.e. too many disclosures for each company, negatively affect the companies’ financial performance. Firms with annual reports that are easier to read with ideal readability have better financial performance. Not only that, fewer information overload issues tend to be encountered when the annual reports have good readability levels. Future studies are suggested to include primary data as well as non-listed companies for comprehensive coverage and generalization. Policy makers are encouraged to create minimum disclosure requirements which address the information gap between informed and uniformed investors. In addition, with developments in technology, advanced smartphone applications can be developed for investors to conveniently access the financial information of companies.

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The Relationship between Voluntary Disclosure and Company Performances on Interim Reports in Jordan Using the Method of Causality Directions

Cited by 7 publications

References 34 publications

Analysis of the relationship between corporate social responsibility (CSR) spending and market stock price among Jordanian service firms

Analysis of the relationship between corporate social responsibility (CSR) spending and market stock price among Jordanian service firms

The Impact of Shariah Approved Companies on the Relationship between Corporate Governance Structure and Voluntary Disclosure of Interim Financial Reporting in Jordan

Does Information Overload of Annual Reports Matter?

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