This study aims to investigate the direct relationship between ownership structure, earnings manipulation, and organizational performance, and then examine the mediating effect of earnings manipulation in the relationship between ownership structure and organizational performance. This study collected and analyzed secondary data published in financial reports related to all insurance organizations listed in the Jordanian market during the study period (from 2009 until 2018). A panel data analysis was conducted, giving a total of 200 observations. The findings of this study concluded that ownership concentration, foreign ownership, and organization size affect organizational performance proxied by ROA, ROE, and EPS, more specifically, ownership concentration and organization size have a positive effect, whereas foreign ownership has a negative effect. At the same time, board of director ownership, organizational ownership, and CEO compensation did not affect organizational performance. Next, the board of director ownership, ownership concentration, foreign ownership, and CEO compensation affect earnings manipulation separately. In addition, earnings manipulation positively affects organizational performance proxied by ROA, ROE and EPS. This means that the higher the earnings manipulation is, the higher the organizational performance is. Finally, earnings manipulation mediates the relationship between ownership concentration and foreign ownership of ownership structure, and organizational performance.

Abstract
1. Introduction
2. Literature Review and Hypotheses
    2.1. Ownership Structure and EarningsManipulation
    2.2. Earnings Manipulation and OrganizationalPerformance
    2.3. Ownership Structure and OrganizationalPerformance Mediated by EarningsManipulation
3. Research Methodology
    3.1. Population and Study Sample
    3.2. Study Data and Analysis Method
    3.3. Study Model
4. Data Analysis and Testing
    4.1. Data Validity
    4.2. Multicollinearity
    4.3. Stationary Test
    4.4. Descriptive results
    4.5. Regression Models Analysis
5. Conclusion
6. Implications
References

• Raed ALQIREM(MIS Department, Faculty of Business, Al-Zaytoonah University of Jordan, Jordan) Corresponding Author
• Malik ABU AFIFA(Department of Accounting, Faculty of Business, Al-Zaytoonah University of Jordan, Amman, Jordan.)
• Isam SALEH(Department of Accounting, Faculty of Business, Al-Zaytoonah University of Jordan, Amman, Jordan.)
• Fadi HANIAH(Department of Accounting, Faculty of Business, The World Islamic Sciences and Education University, Amman, Jordan.)