What is it about?
Based on our findings, one can conclude that there is an improvement in the percentage of Jordanian companies that have websites and engage in IFR. Furthermore, the IFR practices in Jordan are on the rise and currently are better than that in most of other countries in the Middle East region. However, when compared with the developed countries such US, UK, and Australia IFR in Jordan is still lagging behind.
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Why is it important?
Jordan has adopted IFRS (IAS) since 1990 and all Jordanian companies must prepare and publish its financial statements (FSs) in accordance with those standards. Nowadays, companies in Jordan make every possible effort to build more trust in their published financial statements which become the main source of information for dealers in securities markets, to attract more local and foreign investors, and decrease the cost of information process, by publishing their financial statements voluntarily on their websites, particularly after the rapid increase in demand for Internet lines in Jordan.
Perspectives
The present study is an extension of prior research in the sense that although it builds on the same lines of research conducted earlier. This study, to the best of our knowledge, makes original contribution to the body of knowledge as it examines whether the information disclosed on sample companies’ websites are different from those available on the ASE website, thus providing a more focused and specific result. Moreover, the study tries to examine the relevant characteristics of those companies that use the internet financial reporting (IRF).
Professor Munther Talal Momany
Al Dar University
Read the Original
This page is a summary of: Internet financial reporting in an emerging economy: evidence from Jordan, Journal of Accounting in Emerging Economies, July 2014, Emerald,
DOI: 10.1108/jaee-04-2012-0015.
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