IDEAS home Printed from https://ideas.repec.org/a/pop/journl/v4y2020i2p117-138.html

The impact of using electronic payment methods on transparency and disclosure: Case study Jordanian companies

Author

Listed:
  • Aridah MAMOUN WALID

    ((ASE), Aqaba, Jordan)

  • Ramadhan SHERZAD

    ((ASE), Bucharest, Romania)

Abstract

In the last 10 years ago the world has fast changed especially after information and communication technologies (ICT) revolution which affect all areas one of them is electronic payment systems.One of the principles of corporate governance is transparency and disclosure which requires the provision of an infrastructure of supporting laws, policies and legislation to have High-quality information that helps investors, stakeholders, the Board of Directors and the Executive Management in making decisions at the right time.This paper aims to identify the nature and types of electronic payment systems (EPS)instruments applicable in Jordan, and how its effect on corporate governance especially on transparency and disclosure, and the challenges associated with it, by study the relation between the application of electronic payment procedures and corporate governance.Jordan has a good development in the fields of commercial banking and now begin to apply electronic payment systems in government transactions. there are many studies have been done on the advantages of electronic payment independently of corporate governance and without addressing its effects on enhancing governance through transparency and disclosure and the impact on financial reports for companies and government, and In developing and expand the base of beneficiaries.Jordan is a regional center in the Middle East and has many telecommunications companies, information systems, and telecommunications services that have reached advanced levels, but still, a large percentage of citizens do not use these services yet, but in 2020 all governmental services will be paid by electronic payment systems.Through this paper and reviewing previous studies, we have reached the following points1. Many citizens are still concerned about their financial assets and are unsure about the security of their financial information2. The media plays a negative role through messages that are transmitted through official and non-official media3. There is still a need for more educational programs and seminars on the mechanisms of using electronic payment methods and their advantages4. Continuing and expanding the use of electronic payments will be directly reflected in the provision of greater transparency and disclosure that will enhance corporate governance.

Suggested Citation

  • Aridah MAMOUN WALID & Ramadhan SHERZAD, 2020. "The impact of using electronic payment methods on transparency and disclosure: Case study Jordanian companies," Smart Cities and Regional Development (SCRD) Journal, Smart-EDU Hub, Faculty of Public Administration, National University of Political Studies & Public Administration, vol. 4(2), pages 117-138, June.
    • Handle: RePEc:pop:journl:v:4:y:2020:i:2:p:117-138
    as

    Download full text from publisher

    File URL: http://scrd.eu/index.php/scrd/article/view/77/68
    Download Restriction: no
    File URL: http://scrd.eu/index.php/scrd/article/view/77
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Khaled Adnan Bataineh, 2017. "The Impact of Electronic Management on the Employees' Performance Field Study on the Public Organizations and Governance in Jerash Governorate," Journal of Management and Strategy, Journal of Management and Strategy, Sciedu Press, vol. 8(5), pages 86-100, November.
    2. Dumitrescu, Elena-Ivona & Hurlin, Christophe, 2012. "Testing for Granger non-causality in heterogeneous panels," Economic Modelling, Elsevier, vol. 29(4), pages 1450-1460.
    3. Mathew Joseph & David Allbright & George Stone & Yasmin Sekhon & Julie Tinson, 2005. "Importance-performance analysis of UK and US bank customer perceptions of service delivery technologies," International Journal of Financial Services Management, Inderscience Enterprises Ltd, vol. 1(1), pages 66-88.
    4. Chaouali, Walid & Ben Yahia, Imene & Souiden, Nizar, 2016. "The interplay of counter-conformity motivation, social influence, and trust in customers' intention to adopt Internet banking services: The case of an emerging country," Journal of Retailing and Consumer Services, Elsevier, vol. 28(C), pages 209-218.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Neil A. Wilmot & Ariuna Taivan, 2021. "Examining the Impact of Financial Development on Energy Production in Emerging Economies," JRFM, MDPI, vol. 14(2), pages 1-17, February.
    2. Ho, Sy-Hoa & OUEGHLISSI, Rim & EL FERKTAJI, Riadh, 2019. "The dynamic causality between ESG and economic growth: Evidence from panel causality analysis," MPRA Paper 95390, University Library of Munich, Germany.
    3. Iheonu O Chimere & Tochukwu Nwachukwu, 2020. "Macroeconomic determinants of household consumption in selected West African countries," Economics Bulletin, AccessEcon, vol. 40(2), pages 1596-1606.
    4. Z Fang & D Ding & C Guan, 2024. "Does Methodology Matter? Revisiting the Energy-growth Nexus in Asia Pacific Economies," Economic Issues Journal Articles, Economic Issues, vol. 29(1), pages 5-34, March.
    5. Mr. Il Houng Lee & Mr. Murtaza H Syed & Mr. Liu Xueyan, 2013. "China’s Path to Consumer-Based Growth: Reorienting Investment and Enhancing Efficiency," IMF Working Papers 2013/083, International Monetary Fund.
    6. Lauren Stagnol, 2015. "Designing a corporate bond index on solvency criteria," EconomiX Working Papers 2015-39, University of Paris Nanterre, EconomiX.
    7. Muntasir Murshed & Seemran Rashid, 2020. "An Empirical Investigation of Real Exchange Rate Responses to Foreign Currency Inflows: Revisiting the Dutch Disease Phenomenon in South Asia," The Economics and Finance Letters, Conscientia Beam, vol. 7(1), pages 23-46.
    8. Gangopadhyay, Partha & Jain, Siddharth & Bakry, Walid, 2022. "In search of a rational foundation for the massive IT boom in the Australian banking industry: Can the IT boom really drive relationship banking?," International Review of Financial Analysis, Elsevier, vol. 82(C).
    9. Adem Y. Elveren, 2014. "Women's labour force participation and pay inequality: evidence from panel cointegration," Applied Economics Letters, Taylor & Francis Journals, vol. 21(12), pages 862-865, August.
    10. Sujeeth Ungratwar & Dipasha Sharma & Satish Kumar, 2025. "Mapping the digital banking landscape: a multi-dimensional exploration of fintech, digital payments, and e-wallets, with insights into current scenarios and future research," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-22, December.
    11. Xi Liu & Yugang He & Renhong Wu, 2024. "Revolutionizing Environmental Sustainability: The Role of Renewable Energy Consumption and Environmental Technologies in OECD Countries," Energies, MDPI, vol. 17(2), pages 1-21, January.
    12. Dierk Herzer, 2024. "A panel data analysis of the long-run effect of environmental taxes on R&D expenditures at the macro-level," Economics Bulletin, AccessEcon, vol. 44(3), pages 1169-1180.
    13. Necip Dundar & Yuksel Bayraktar, 2024. "Panel Data Analysis of Export Structure and Growth: Case of BRICS-T Countries," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 73(74-1), pages 99-120, June.
    14. James Temitope Dada & Folorunsho Monsur Ajide & Mamdouh Abdulaziz Saleh Al-Faryan & Mosab I. Tabash, 2024. "The moderating effect of economic complexity in the shadow economy-renewable energy transition nexus: evidence from African economies," Economic Change and Restructuring, Springer, vol. 57(6), pages 1-27, December.
    15. Lips, Johannes, 2018. "Debt and the Oil Industry - Analysis on the Firm and Production Level," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181504, Verein für Socialpolitik / German Economic Association.
    16. Cong, Long-ze & Zhang, Dong & Wang, Ming-li & Xu, Hong-feng & Li, Li, 2020. "The role of ports in the economic development of port cities: Panel evidence from China," Transport Policy, Elsevier, vol. 90(C), pages 13-21.
    17. Kostakis, Ioannis & Lolos, Sarantis & Doulgeraki, Charikleia, 2020. "Cultural Heritage led Growth: Regional evidence from Greece (1998-2016)," MPRA Paper 98443, University Library of Munich, Germany.
    18. Zhang, Zhuo & Zhao, Yongliang & Cai, Haiya & Ajaz, Tahseen, 2023. "Influence of renewable energy infrastructure, Chinese outward FDI, and technical efficiency on ecological sustainability in belt and road node economies," Renewable Energy, Elsevier, vol. 205(C), pages 608-616.
    19. Bakirtas, Tahsin & Akpolat, Ahmet Gokce, 2018. "The relationship between energy consumption, urbanization, and economic growth in new emerging-market countries," Energy, Elsevier, vol. 147(C), pages 110-121.
    20. Taghizadeh-Hesary, Farhad & Rasoulinezhad, Ehsan & Shahbaz, Muhammad & Vinh Vo, Xuan, 2021. "How energy transition and power consumption are related in Asian economies with different income levels?," Energy, Elsevier, vol. 237(C).

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pop:journl:v:4:y:2020:i:2:p:117-138. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Professor Catalin Vrabie (email available below). General contact details of provider: https://edirc.repec.org/data/fasnsro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.