The Role of Voluntary Disclosure in Raising the Value of Industrial Companies Listed on the Amman Stock Exchange

Abstract

This study investigates the role of voluntary disclosure in raising the value of industrial companies listed on the Amman Stock Exchange and the company size and profitability as control variables. The deductive approach was employed, and data were collected from the annual reports of 35 Jordanian industrial companies during the period from 2018–2022. Regression was used for analysis. The findings showed that voluntary disclosure was positively related with value of industrial companies. Also, for the variables related to profitability and company size, these variables acted as control variables, and in a positive way. We recommend taking a longer period in future studies. Also, taking more voluntary disclosure items in the future. And taking all sectors in the future. We recommend taking more Controlling variables in future studies. Board of directors meeting and share ownership can also be included into the model. Scholars may also consider other geographical contexts in developed and emerging markets.