Determinants of Corporate Risk Disclosure for Non- Financial Companies Listed on Amman Stock Exchange

AlKhawaldeh Afaf Mohammed, Saaydah Mansour Ibrahim
International Journal of Economics and Business Administration, Volume X, Issue 4, 152-177, 2022
DOI: 10.35808/ijeba/793


Purpose: This research aimed to identify the determinants of risk disclosure level by non-financial companies listed on the Amman Stock Exchange (ASE) for the period (2015- 2019). Methodology: The sample of the research included (80) firms (41 services and 39 industrial firms). The study data was collected from the firms' annual reports included in ASE website, and a multiple regression is used to analyze data and test the hypotheses using (SPSS). Finding: The results of the study indicate that the board of directors’ independence, risk management committee’s meetings, Audit committee’s meeting, foreign Ownership, and the quality of external auditors are significant positive predictors of corporate risk disclosure level. Practical Implications: Based on the study results, the main research recommendation, to regulators, is that firms should focus more on the factors tackled in this study and found to be significant positive predictors of corporate risk disclosure, to enhance them and reflect due care about identifying and dealing with all kinds of risk types in order to achieve an overall higher risk disclosure level that satisfies Jordan corporate governance and disclosure requirements codes. Originality/value: This paper contributes toward the debate about the adequacy of risk disclosure in Jordan by covering part of the shortage in the practical research in this area.

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