CORPORATE GOVERNANCE AND THE FINANCIAL FAILURE

This study aims at examining the effect of corporate governance on revealing the financial failure of Jordanian Public Joint-Stock Companies. Two independent variables were specified: determining board of director responsibility and disclosure. Meantime, the dependant variable was revealing the financial failure. The study population consisted of (100) industrial companies and it depended on the randomized sample. The sample taken out for the study consisted of 50% of the total study population. The researchers distributed 50 questionnaires out of which 45 valid for statistical analysis were received. The study employed the Statistical Package for the Social Science (SPSS) Version 17 for windows, data was analyzed through: the use of descriptive statistics methods, reliability analysis, and regression. The study made a number of conclusions, most importantly: There is statistically significant effect to determine the responsibilities of the Board of Directors of the company; disclosure on revealing the financial failure. Based on such results, the researchers proposed some recommendations such as: Attention should be given to determine the authorities and responsibilities of all the management personals of the company, so that it can be possible to determine who is responsible for the financial failure