Surplus Free Cash Flow, Stock Market Segmentations, And Earnings Management: The Case Of Jordan

The current study provides evidence concerning the influence of surplus free cash flow and stock market segmentations on income-increasing earnings management practices in Jordan. As well, the study identifies the effect of audit quality and an independent audit committee as moderating variables on...

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Main Author:	Toumeh, Ahmad Adnan Hussein
Format:	Thesis
Language:	English
Published:	2020
Subjects:	HD28-70 Management Industrial Management
Online Access:	http://eprints.usm.my/54109/1/AHMAD%20ADNAN%20HUSSEIN%20TOUMEH.pdf
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id	my-usm-ep.54109
record_format	uketd_dc
spelling	my-usm-ep.541092022-08-16T03:02:04Z Surplus Free Cash Flow, Stock Market Segmentations, And Earnings Management: The Case Of Jordan 2020-12 Toumeh, Ahmad Adnan Hussein HD28-70 Management. Industrial Management The current study provides evidence concerning the influence of surplus free cash flow and stock market segmentations on income-increasing earnings management practices in Jordan. As well, the study identifies the effect of audit quality and an independent audit committee as moderating variables on those relationships. The sample of the study used all non-financial companies that were listed on the Amman Stock Exchange for the period spanning from 2013 to 2017. Panel data analysis was employed to answer the research questions and accomplish the objectives of the study. The analyses includes several statistical techniques such as descriptive statistics, univariate analysis, and multivariate analysis. However, the robust standard errors for pooled OLS regression were used as the primary statistical tool for this study. The results found a significant and positive relationship between earnings management and surplus free cash flow. As well, the results provided conclusive evidence that the stock market segmentation was significantly and positively associated with earnings management. In addition, the study showed that the moderating role of audit quality weakens the association between surplus free cash flow, stock market segmentations, and earnings management. The moderating role of the independent audit committee weakens the association between stock market segmentations and earnings management. Simultaneously, it has no significant effect on the association between earnings management and surplus free cash flow. This research adds value to scholarship by investigating the stock market segmentations variable.Further, this is the initial empirical attempt to investigate the impact of surplus free cash flow on earnings management in Jordan. The study provides meaningful information for companies seeking to understand and reduce agency problems in the Jordanian context. Also, the results of the study will provide beneficial information to investors, regulators, external auditors, policymakers, and shareholders. 2020-12 Thesis http://eprints.usm.my/54109/ http://eprints.usm.my/54109/1/AHMAD%20ADNAN%20HUSSEIN%20TOUMEH.pdf application/pdf en public phd doctoral Perpustakaan Hamzah Sendut Pusat Pengajian Siswazah Perniagaan
institution	Universiti Sains Malaysia
collection	USM Institutional Repository
language	English
topic	HD28-70 Management Industrial Management
spellingShingle	HD28-70 Management Industrial Management Toumeh, Ahmad Adnan Hussein Surplus Free Cash Flow, Stock Market Segmentations, And Earnings Management: The Case Of Jordan
description	The current study provides evidence concerning the influence of surplus free cash flow and stock market segmentations on income-increasing earnings management practices in Jordan. As well, the study identifies the effect of audit quality and an independent audit committee as moderating variables on those relationships. The sample of the study used all non-financial companies that were listed on the Amman Stock Exchange for the period spanning from 2013 to 2017. Panel data analysis was employed to answer the research questions and accomplish the objectives of the study. The analyses includes several statistical techniques such as descriptive statistics, univariate analysis, and multivariate analysis. However, the robust standard errors for pooled OLS regression were used as the primary statistical tool for this study. The results found a significant and positive relationship between earnings management and surplus free cash flow. As well, the results provided conclusive evidence that the stock market segmentation was significantly and positively associated with earnings management. In addition, the study showed that the moderating role of audit quality weakens the association between surplus free cash flow, stock market segmentations, and earnings management. The moderating role of the independent audit committee weakens the association between stock market segmentations and earnings management. Simultaneously, it has no significant effect on the association between earnings management and surplus free cash flow. This research adds value to scholarship by investigating the stock market segmentations variable.Further, this is the initial empirical attempt to investigate the impact of surplus free cash flow on earnings management in Jordan. The study provides meaningful information for companies seeking to understand and reduce agency problems in the Jordanian context. Also, the results of the study will provide beneficial information to investors, regulators, external auditors, policymakers, and shareholders.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Toumeh, Ahmad Adnan Hussein
author_facet	Toumeh, Ahmad Adnan Hussein
author_sort	Toumeh, Ahmad Adnan Hussein
title	Surplus Free Cash Flow, Stock Market Segmentations, And Earnings Management: The Case Of Jordan
title_short	Surplus Free Cash Flow, Stock Market Segmentations, And Earnings Management: The Case Of Jordan
title_full	Surplus Free Cash Flow, Stock Market Segmentations, And Earnings Management: The Case Of Jordan
title_fullStr	Surplus Free Cash Flow, Stock Market Segmentations, And Earnings Management: The Case Of Jordan
title_full_unstemmed	Surplus Free Cash Flow, Stock Market Segmentations, And Earnings Management: The Case Of Jordan
title_sort	surplus free cash flow, stock market segmentations, and earnings management: the case of jordan
granting_institution	Perpustakaan Hamzah Sendut
granting_department	Pusat Pengajian Siswazah Perniagaan
publishDate	2020
url	http://eprints.usm.my/54109/1/AHMAD%20ADNAN%20HUSSEIN%20TOUMEH.pdf
_version_	1747822275037495296

Surplus Free Cash Flow, Stock Market Segmentations, And Earnings Management: The Case Of Jordan

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