أثر مستوى الإفصاح المحاسبي في تحسين القرارات الاستثمارية في الشركات الصناعية الأردنية المدرجة في بورصة عمان

الملخص EN

The study aimed to identify the impact of accounting disclosure level in improving investment decisions, The study adopted the descriptive analytical approach to achieve study goals, a list of disclosure indicators was prepared to collect data of the independent variable based on the annual reports of examined companies, while the dependent variable was measured by the shares turnover rate and the change in the share market price.

The sample consisted of (35) industrial companies listed on Amman Stock Exchange for the period (2015-2019), Multiple linear regression was used to test the study hypotheses.

The results showed that there is no statistically significant impact of the level of accounting disclosure with its dimensions (disclosure in balance sheet, disclosure in income statement, and disclosure in notes and clarifications) on improving investment decisions with their dimensions (shares turnover rate and the change in the share market price) in the Jordanian industrial companies listed on the Amman Stock Exchange, and there is no statistically significant impact of on the level of accounting disclosure with its combined dimensions on the share turnover rate as well as on the change in the market price of the share.

Based on the previouse results of the study, ther researcher recommended improving the level of voluntary disclosure in the annual reports of the industrial companies in Jordan, especially with regard to nonfinancial information and attention to narrative information on companies' financial positions and including them in annual reports to facilitate the understandability by investors.