Financial reporting on the internet in the Middle East: the case of Jordanian industrial companies

In recent years, online disclosure of financial information has become a common practice in developed countries. Developing countries, however, face several obstacles that hinder such dissemination of financial information. These obstacles relate to technology, culture, cost and other factors. This study examines the extent of financial information dissemination on the internet by Jordanian industrial companies listed in the Amman Stock Exchange (ASE). The study also examines the advantages and obstacles of online disclosure from the point of view of investors and financial managers in the industrial sector in Jordan. The findings of this study indicate that 55% of industrial companies have websites and only 30% have utilised these websites to disseminate financial information. The study concludes that the cost of establishing and maintaining websites, in addition to the lack of regulations, has contributed to the infrequent use of online reporting by Jordanian companies.financial disclosure; internet; world wide web; Middle East; Jordan; financial reporting; industrial companies; developing countries; information dissemination; Amman Stock Exchange; listed companies; online disclosure; investors; financial managers; corporate websites; regulation; accounting; finance.

The ethicalness of earnings management in the Middle East: a survey of managers and auditors in Jordanian companies

This study compares the attitudes of managers with those of external auditors towards common practices and issues of earnings management in Jordan, a Middle Eastern country. A questionnaire survey partially based on the Bruns and Merchant (1989a) investigation of the morality of earnings management was used. Responses were received from 52 general and financial managers and 28 auditing firms. Mann-Whitney U tests showed that the external auditors significantly viewed earnings management practices to be less ethical than the managers did. No significant differences attributable to gender were found. Male and female managers and auditors had similar attitudes towards earnings management.auditors; earnings management; Jordan; managers; ethics; auditing.