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The Relationship between Accounting Disclosure, Financial Reports and Stock Returns: The Moderated Role of Ownership Concentration

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  • Deaa Al-Deen Al-Sraheen

    (Accounting Department, School of Business, Al al-Bayt University)

Abstract

The study aimed to investigate the relationship between accounting disclosure and stock returns in its first model. The second model examined the role of ownership concentration as a moderator variable in this relationship, using a sample of Jordanian service companies listed on the Amman Stock Exchange from 2018 to 2021. The final sample consisted of 440 firm observations over four years. The study found a positive and statistically significant relationship between accounting disclosure and stock returns. Moreover, the concentration of ownership was found to have a positive effect on this relationship, indicating that it contributes to improving stock returns by enhancing the effectiveness of accounting disclosure. By introducing the moderated role of ownership concentration, the study made a valuable contribution to the field. The study also provided recommendations to Jordanian companies, urging them to adopt public policies and mechanisms that enhance disclosure and move towards digital disclosure to keep up with evolving financial statement presentation methods.

Suggested Citation

  • Deaa Al-Deen Al-Sraheen, 0000. "The Relationship between Accounting Disclosure, Financial Reports and Stock Returns: The Moderated Role of Ownership Concentration," Proceedings of Economics and Finance Conferences 14716134, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:14716134
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    References listed on IDEAS

    as
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    5. Michael N. Young & Mike W. Peng & David Ahlstrom & Garry D. Bruton & Yi Jiang, 2008. "Corporate Governance in Emerging Economies: A Review of the Principal–Principal Perspective," Journal of Management Studies, Wiley Blackwell, vol. 45(1), pages 196-220, January.
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    More about this item

    Keywords

    Accounting Disclosure; Ownership Concentration; Stock return; Jordanian Companies;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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