The influence of the introduction of accounting disclosure regulation on mandatory disclosure compliance: Evidence from Jordan

British Accounting Review

Volumn 42, Issue 3, 2010, Pages 170-186

  Al Akra, Mahmoud ^a   Eddie, Ian A ^b   Ali, Muhammad Jahangir ^c  

^a UNIVERSITY OF NEW ENGLAND   (Australia)

^b SOUTHERN CROSS UNIVERSITY   (Australia)

^c LA TROBE UNIVERSITY   (Australia)

Author keywords

Accounting in Jordan; Disclosure regulation; Governance reforms; Mandatory disclosure; Privatisation

Indexed keywords

EID: 77955843701     PISSN: 08908389     EISSN: 10958347     Source Type: Journal    
DOI: 10.1016/j.bar.2010.04.001     Document Type: Article

References (66)

1. Abd-Elsalam O.H., Weetman P. Introducing international accounting standards to an emerging capital market: relative familiarity and language effect in Egypt. Journal of International Accounting, Auditing & Taxation 2003, 12:63-84.
2. Abd-Elsalam O.H., Weetman P. Measuring accounting disclosure in a period of complex changes: the case of Egypt. Advances in International Accounting 2007, 20:75-104.
3. Abu-Nassar M., Rutherford B. External users of financial reports in less developed countries: the case of Jordan. British Accounting Review 1996, 28:73-87.
4. Ahmed K., Nicholls D. The impact of non-financial company characteristics on mandatory disclosure compliance in developing countries: the case of Bangladesh. The International Journal of Accounting 1994, 29(1):62-77.
5. Ali M.J., Ahmed K., Henry D. Compliance with national accounting standards by listed companies in South Asia. Accounting and Business Research 2004, 34(3):183-199.
6. ASE Amman stock exchange 2007, ASE. http://www.ammanstockex.com.jo.
7. Bartlett S., Jones M.J. Annual reporting disclosures 1970-90: an exemplification. Accounting, Business & Financial History 1997, 7(1)1:61-80.
8. Beattie V., Dhanani A., Jones M. Investigating presentational change in UK annual reports: a longitudinal perspective. Journal of Business Communication 2008, 45(2):181-222.
9. Benston G. Required financial disclosure and the stock market: an evaluation of the Securities and Exchange Act of 1934. The American Economic Review 1973, March:132-155.
10. Belkaoui R.A., Kahl A. Corporate financial disclosure in Canada 1978, Research Monograph of the Canadian Certified General Accountants Association, Vancouver.
11. Boubakri N., Cosset J.C., Guedhami O. Post-privatisation corporate governance: the role of ownership structure and investor protection. Journal of Financial Economics 2005, 76(2):369-399.
12. Boutchkova M., Megginson W. Privatisation and the rise of global capital market. Financial Management 2000, 29(4):31-76.
13. Boycko M., Shleifer A., Vishny R. A theory of privatisation. Economic Journal 1996, 106:309-319.
14. Brown D., Earle J., Telegdy A. Does privatisation raise productivity? Evidence from comprehensive panel data on manufacturing firms in Hungary, Romania, Russia and Ukraine. Staff working paper 04-107 2004, Upjohn Institute.
15. Chen C.J.P., Jaggi B. Association between independent non-executive directors, family control and financial disclosures in Hong Kong. Journal of Accounting and Public Policy 2000, 19:285-310.
16. Cheng E.C.M., Courtenay S.M. Board composition, regulatory regime and voluntary disclosure. The International Journal of Accounting 2006, 41(3):262.
17. Chiang H. An empirical study of corporate governance and corporate performance. Journal of American Academy of Business 2005, 6(1):95-101.
18. Chow C.W., Wong-Boren A. Voluntary financial disclosure by Mexican corporations. The Accounting Review 1987, 62(3):533-541.
19. Cooke T.E. The impact of size, stock market listing and industry type on disclosure in the annual reports of Japanese listed corporations. Accounting and Business Research 1992, 22(87):229-237.
20. Cooke T.E. Regression analysis in accounting disclosure studies. Accounting and Business Research 1998, 28(3):209-224.
21. Dahawy K., Merino B.D., Conover T.L. The conflict between IAS disclosure requirements and the secretive culture in Egypt. Advances in International Accounting 2002, 15:203-228.
22. Dahawy K., Conover T.L. Accounting disclosure in companies listed on the Egyptian stock exchange. Middle Eastern Finance and Economics 2007, 1:5-20.
23. Diga, G.J. (1996). The feasibility and desirability of pursuing accounting harmonisation in five Asean countries: a study of corporate financial reporting in Indonesia, Malaysia, the Philippines, Singapore and Thailand. An unpublished PhD study, The Australian National University.
24. Dougherty C. Introduction to econometrics 2006, Oxford University Press, New York.
25. Dumontier P., Raffournier B. Why firms comply voluntarily with IAS: an empirical analysis with Swiss data. Journal of International Financial Management and Accounting 1998, 9(3):216-245.
26. Dyck A. Privatisation and corporate governance: principles, evidence and future challenges. The World Bank Research Observer 2001, 16:59-84.
27. El-Gazzar S. Predisclosure information and institutional ownership: a cross-sectional examination of market revaluation during earnings announcement periods. The Accounting Review 1998, 73(1):119-129.
28. Eng L., Mak Y. Corporate governance and voluntary disclosure. Journal of Accounting and Public Policy 2003, 22:325-345.
29. Enthoven, A. J. H. (1998). Privatisation and the role and impact of accounting and auditing. Abstract of a paper presented at the 21st EAA Congress in Antwerp.
30. Epstein B., Mirza A. IAS 97: Interpretation and application of international accounting standards 1997 1997, John Wiley and Sons, Inc.
31. Fama E.F., Jensen M.C. Separation of ownership and control. The Journal of Law and Economics 1983, 25(2):301-325.
32. Fox M.B., Morck R., Yeung B., Durnev A. Law, share price accuracy, and economic performance: the new evidence. Michigan Law Review 2003, 102(3):331-385.
33. Haniffa R.M., Cooke T.E. Culture, corporate governance and disclosure in Malaysian corporation. Abacus 2002, 38:317-349.
34. Healy P., Palepu K. Information asymmetry, corporate disclosure, and the capital markets: a review of the empirical literature. Journal of Accounting and Economics 2001, 31:405-440.
35. Hsiao C. Analysis of panel data 2003, Cambridge University Press, New York.
36. Iman R.L., Conover W.J. The use of rank transform in regression. Technometrics 1979, 21(4):499-509.
37. Inchausti B.G. The influence of company characteristics and accounting regulation on information disclosed by Spanish firms. European Accounting Review 1997, 6(1):45-68.
38. International Accounting Standards Board International financial reporting standards bound volume 2004, International Accounting Standards Board, London, UK.
39. International Accounting Standards Committee International accounting standards annual volume 1995, International Accounting Standards Committee, London, UK.
40. Jensen M.C., Meckling W.H. Theory of the firm: managerial behaviour, agency costs and ownership structure. Journal of Financial Economics 1976, 3:305-360.
41. John K., Senbet L.W. Corporate governance and board effectiveness. Journal of Banking and Finance 1998, 22:371-403.
42. JSC (2007). Jordan Securities Commission. Available from: http://www.jsc.gov.
43. Lakhal F. Voluntary earnings disclosures and corporate governance: evidence from France. Review of Accounting & Finance 2005, 4(3):64-85.
44. Lang M.H., Lundholm R.J. Cross-sectional determinants of analysts' ratings of corporate disclosures. Journal of Accounting Research 1993, 31(2):246-271.
45. Mak Y.T., Li Y. Determinants of corporate ownership and board structure: evidence from Singapore. Journal of Corporate Finance 2001, 7(3):235-256.
46. Megginson W., Netter J.M. From state to market: a survey of empirical studies on privatisation. Journal of Economic Literature 2001, 39(2):321-389.
47. Naser K. Comprehensiveness of disclosure of non-financial companies listed on the Amman Financial Market. International Journal of Commerce & Management 1998, 2(8):88-119.
48. Naser K., Al-Khatib K. Determinants of the depth of information disclosure in the board of directors' statements of a sample of Jordanian listed companies. Advances in International Accounting 2000, 13:99-118.
49. Naser K., Al-Khatib K., Karbhari Y. Empirical evidence on the depth of corporate information disclosure in developing countries. International Journal of Commerce & Management 2002, 12(3/4):122-155.
50. Owusu-Ansah S. The impact of corporate attributes on the extent of mandatory disclosure and reporting by listed companies in Zimbabwe. The International Journal of Accounting 1998, 33(5):605-631.
51. Owusu-Ansah S., Yeoh J. The effect of regulation on corporate disclosure practices. Abacus 2005, 41(1):92-109.
52. PriceWaterhouseCoopers International financial reporting standards disclosure checklist 2004 2004, Meeting all IFRS requirements, PriceWaterhouseCoopers.
53. Rawashdeh M. Effects of introducing international accounting standards on Amman Stock Exchange. Journal of American Academy of Business 2003, 3(1, 2):361-366.
54. ROSC (Feb 3, 2005). Report on the observance of standards and codes, corporate governance country assessment, electronic version, published by the joint World Bank-IMF program of reports on the observance of standards and codes, Jordan. Available from: http://jor_rocs_cg.pdf.
55. Sharar, Z. (2007). A comparative analysis of the corporate governance legislative frameworks in Australia and Jordan measured against the OECD principles of corporate governance 2004 as an international benchmark. A thesis submitted for Bond University.
56. Shehadi K.S. Lessons in privatisation: consideration for Arab States 2002, The United Nations Development Programme.
57. Simon C. The effect of the 1933 Securities Act on investor information and the performance of new issues. American Economic Review 1989, 79:295-318.
58. Shleifer A., Vishny R. A survey of corporate governance. Journal of Finance 1997, 52:737-783.
59. Solas C. Financial reporting practice in Jordan: an empirical test. Advances in International Accounting 1994, 7:43-60.
60. Statmaster (2008). Available from: http://statmaster.edu.dk/courses/st111/modele08/index.html.
61. Stigler G. The economics of information. Journal of Political Economy 1961, 69(3):213-225.
62. Street D., Gray S.J. Observance of international accounting standards: factors explaining non-compliance. ACCA research report no. 74 2001, The Association of Chartered Certified Accountants.
63. Susilowati, I., Morris, R., Gray, S.J. (3-5 July 2005). Factors influencing corporate transparency: a comparative empirical study of Indonesia and Australia. Proceedings of the Accounting and Finance Association of Australia and New Zealand (AFAANZ) Annual Conference, Melbourne.
64. Walker R.G. Australia's ASRB-A case study of political activity and regulatory capture. Accounting and Business Research 1987, 17(67):269-286.
65. Wallace R.S.O., Naser K. Firm specific determinants of the comprehensiveness of mandatory disclosure in the corporate annual reports of firms listed on the stock exchange of Hong Kong. Journal of Accounting and Public Policy 1995, 14:311-368.
66. Wallace R.S.O., Naser K., Mora A. The relationship between the comprehensiveness of corporate annual reports and firm characteristics in Spain. Accounting and Business Research 1994, 24:41-53.