The Influence of Corporate Governance Structures on Compliance with Mandatory IFRSs Disclosure Requirements in the Jordanian Context

This study examines theimpact of corporate governance structures on the levels of compliance withmandatory IFRSs disclosure requirements by companies listed on the Amman StockExchange (ASE) as a leading Arab stock exchange. Using a disclosure indexderived from mandatory IFRSs disclosure requirements for the fiscal year 2007,this study measures the levels of compliance by a sample of 75 non-financialcompanies listed on the ASE. This study extends the financial reporting literatureand the emerging markets disclosure literature by being one of the first toinvestigate the influence of corporate governance requirements for bestpractices on the levels of compliance with mandatory IFRSs disclosurerequirements by companies listed on the ASE. Results provide evidence of thelack of influence of corporate governance best practices on the levels ofcompliance with mandatory IFRSs disclosure requirements as it is not yet partof the cultural values within the Jordanian context. These findings areconsistent with the notions of the theoretical foundation employed in thisstudy