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Internal governance mechanisms and value relevance of accounting earnings: an empirical study in the French context

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  • Wafa Masmoudi Ayadi
  • Younes Boujelbène

Abstract

The objective of this study is to analyse the impact of internal governance mechanisms related to the board of directors, the audit committee and the ownership structure on the value relevance of accounting earnings in the French context. Using the method of Panel Corrected Standard Errors in the context of panel data, we find that the CEO duality and the existence of an audit committee have a negative effect on the value relevance of accounting earnings while the ownership concentration and the institutional ownership contribute to increase the value relevance of earnings. Furthermore, the empirical results show that leverage and growth have a positive effect on the value relevance.

Suggested Citation

  • Wafa Masmoudi Ayadi & Younes Boujelbène, 2015. "Internal governance mechanisms and value relevance of accounting earnings: an empirical study in the French context," International Journal of Managerial and Financial Accounting, Inderscience Enterprises Ltd, vol. 7(1), pages 3-25.
    • Handle: RePEc:ids:injmfa:v:7:y:2015:i:1:p:3-25
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    Cited by:

    1. Hunjra, Ahmed Imran & Jebabli, Ikram & Thrikawala, Sujani Sudhara & Alawi, Suha Mahmoud & Mehmood, Rashid, 2024. "How do corporate governance and corporate social responsibility affect credit risk?," Research in International Business and Finance, Elsevier, vol. 67(PA).
    2. Francesco Caputo & Manlio Del Giudice & Federica Evangelista & Giuseppe Russo, 2016. "Corporate disclosure and intellectual capital: the light side of information asymmetry," International Journal of Managerial and Financial Accounting, Inderscience Enterprises Ltd, vol. 8(1), pages 75-96.
    3. Lee, Sang Mook & Bazel-Shoham, Ofra & Tarba, Shlomo Y. & Shoham, Amir, 2022. "The effect of economic freedom on board diversity," Journal of Business Research, Elsevier, vol. 149(C), pages 833-849.

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