The Impact of Disclosing Sustainability on the Value Added from the Stakeholders' Perspective of Industrial Companies Listed on the Amman Stock Exchange

The present study aimed to find out the impact of disclosure of sustainability on value added from the stakeholders' perspective of industrial companies listed on the Amman Stock Exchange. The study consisted of the following variables: the independent variable (disclosure of the dimensions of sustainability represented by the economic, environmental, and social); the dependent variable (value added from the stakeholders' perspective represented by the point of view of employees, shareholders, tax authorities, and creditors); and the control variables represented by the size of the company and the debt ratio. To achieve the study's objectives, descriptive and analytical methods were used. The current study relied on the reports and bulletins issued by the Amman Stock Exchange during the period (2017-2021). The arithmetic mean, standard deviation, highest value, and lowest value were extracted to describe the study variables, and the following tests were used to test the study hypotheses: Multicollinearity test, Correlation test, and Multiple Linear Regression test. The sample for the study consisted of (31) companies, which provided the necessary data for the study. The study came to several conclusions, the most important of which are that disclosure of the dimensions of sustainability occurred at different levels of disclosure and that there is an impact of disclosure in sustainability on value added from the perspective of stakeholders. The study recommended the following: urging the competent authorities to issue a standard for the disclosure of sustainability; obligating companies to prepare a report on sustainability; increasing the disclosure of sustainability in the financial statements; encouraging companies to increase their awareness of the disclosure of sustainability; and finally, increasing the awareness of stakeholders of the concept of sustainability.