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Volume :16 Issue : 3 2009      Add To Cart                                                                    Download

Segment Reporting in Jordanian Listed Companies

Auther : Jamal A. Abu-Serdaneh
Majdy I. Zuriekat

Segment information helps users of financial statements to better understand a company’s performance, provides a better assessment of a company’s risks and opportunities, and offers additional judgment about the entity as a whole (IFRS, 2006). The purpose of this study is to measure the extent of usage of segment reporting in Jordanian companies and to produce evidence about the characteristics that affect the level of segment reporting. The sample of 70 public-listed companies is based on the financial statements of Jordanian companies listed in the Amman Stock Exchange (ASE) in 2005. We show that the level of segment disclosure for all companies is less than half of the primary disclosure, which indicates the low level of segment disclosure in the segmented Jordanian companies. This finding provides some implications for preparer of financial information, auditors, and the Jordanian Securities Commission (JSC). Also, this study indicates that companies that have disclosed segmental information are larger, have less ownership diffusion, and a higher Assets-In-Place percentage. However, the study has also found that earnings volatility and financial leverage variables are not related to the level of segment disclosure.

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