披露违规:治理重要吗?

IF 3.8 Q1 BUSINESS, FINANCE
Safaa Adnan AlSmadi, Ahmad Alkhataybeh, M. Shakhatreh
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引用次数: 1

摘要

摘要自2004年以来,约旦证券委员会(JSC)每年都会公布一份违反披露要求的公司名单;然而,尽管有这些出版物,侵犯人权的程度仍在继续上升。我们假设所有权结构和董事会特征会影响在安曼证券交易所上市的制造和服务公司的违规程度。logit回归估计假设管理层和外国所有权限制了违规行为,而机构所有权没有影响。研究还得出结论,除了审计委员会和政治关系之外,董事会的特征与违规程度没有显著关系,审计委员会和政策关系分别具有显著的负面和正面影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Disclosure violations: does governance matter?
ABSTRACT Since 2004, the Jordanian Securities Commission (JSC) has been publishing annually a list of firms that violate disclosure requirements; however, despite these publications, the level of violations is continuing to rise. We hypothesize that ownership structure and board features can affect the level of violations of manufacturing and service firms listed on the Amman Stock Exchange (ASE). The logit regression estimates assume that managerial and foreign ownership limit violation practices, while institutional ownership has no effect. It is also concluded that the characteristics of the board are not significantly related to the level of violations, apart from the audit committee and political connections, which have significant negative and positive impacts respectively.
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来源期刊
CiteScore
10.60
自引率
7.00%
发文量
55
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