دور ربحية و مديونية الشركة في تحديد أثر مستوى الإفصاح غير المالي على القيمة السوقية

الملخص EN

This study aimed to identify the moderating role of company's profitability and leverage on the effect level of non-financial disclosure on the market value.

The study population consisted of industrial and service companies listed in Amman Stock Exchange (ASE), which have available financial reports for the year 2013.

The study sample involved (115) companies, including (53) service companies, and (62) Industrial companies.

Descriptive analytical methods were used in the study.

Specifically, One Sample t-Test, Independent Samples Test, Simple Linear Regression, and Hierarchical Interaction Regression were utilized to test the study hypotheses and achieve its objectives.

The results from this study indicated that sampled companies disclose their non-financial information .

Furthermore, the results showed no differences on the level of non-financial disclosure between Jordanian service and industrial public shareholding companies.

In addition, the study found that the level of non-financial disclosure has a positive effect on the market value.

The results also showed that the interaction between the level of non-financial disclosure and the profitability increases the positive effect on the market value.

Finally, the study demonstrated that the interaction between the level of non-financial disclosure and company leverage has no effect on the market value.