The Voluntary Disclosure of Companies Listed on Palestine Exchange and Its Effect on Stock Price-Reference-Cited by-同舟云学术

The Voluntary Disclosure of Companies Listed on Palestine Exchange and Its Effect on Stock Price

Published:2018-09-30 Issue:3 Volume:1 Page:43-67
ISSN:2717-9923
Container-title:International Journal of Business Ethics and Governance
language:
Short-container-title:IJBEG

Author:

Alareeni Bahaaeddin^ORCID,Lulu Mohammed

Abstract

This study aims to measure quality and quantity of the voluntary disclosures (VD) in the annual reports of 45 companies listed in Palestine exchange for the year 2014. It also examines the impact of the VD on the stock price. The inductive approach and content analysis were used to analyze the VD, through a proposed model (Checklist). In addition, the study used regression analysis to examine the impact of the VD level of companies on its stock price. The results showed that the VD level was varied from one industry to another, and even between companies within an industry. The banking sector was the most committed sector to the VD by 70%, and ?the less committed sector was the real estate sector by 36%. Overall, the VD level for sectors as a whole was 54%. Then, this indicates that the companies do not significantly disclose the VD, and need to strengthen and attention. It showed also that the VD level does not significantly effect on the stock price. The study recommended that it is necessary to increase the VD level due the large benefits for several related parties and the companies themselves.

Publisher

EuroMid Academy of Business and Technology

Subject

Industrial and Manufacturing Engineering,Metals and Alloys,Strategy and Management,Mechanical Engineering

Reference39 articles.

1. Abdul Jalil, H., & Abu Nassar, M. (2014). Factors affecting the level of voluntary ‎disclosure in the annual financial reports of Jordanian public joint-stock companies. ‎Administrative Science Studies, 41(2), 326-342. (in Arabic)‎

2. Abdullah, K. (1995). Disclosure and its role in activating trading in the Arab capital ‎markets. The Arab Accountant, 92, 38-44. (in Arabic)‎

3. Abu Shalo, H., (2013). Determinant of voluntary accounting disclosure of public ‎shareholding companies: A theoretical and an empirical study in the Egyptian ‎business environment [Unpublished master thesis]. Tanta University, Egypt. (in ‎Arabic)‎

4. Adelopo, I. (2011). Voluntary disclosure practices amongst listed companies in ‎Nigeria. Advances in Accounting, 27(2), 338-345. ‎https://doi.org/10.1016/j.adiac.2011.08.009‎

5. Afifi, H. (2008). The relationship between the corporate governance implementation and ‎the level of voluntary disclosure in annual reports: A pilot study in the Egyptian ‎environment. Journal of Business Research, 30(1), 429-498. (in Arabic)‎

Cited by 8 articles. 订阅此论文施引文献订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献

1. The Impact of Board Characteristics on the Level of Voluntary Disclosure: Evidence from Palestinian Listed Companies;Studies in Systems, Decision and Control;2024

2. Board Committees and Voluntary Disclosure: Evidence from Palestine;Studies in Systems, Decision and Control;2024

3. Reducing Cost of Capital. Do Voluntary Disclosure and Accounting Conservatism Contribute?;FIIB Business Review;2023-02-12

4. Analyzing the Performance of the Palestine Stock Exchange and Enhancing its Role in Attracting Foreign Investments;International Journal of Business Ethics and Governance;2021-05-31

5. Digitalizing Commodity Trading Value Chain: An Assessment for Turkey;The Importance of New Technologies and Entrepreneurship in Business Development: In The Context of Economic Diversity in Developing Countries;2021