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Effet des mécanismes de gouvernance sur la performance financière et boursière : Cas des entreprises canadiennes

Author

Listed:
  • Manel Kolsi

    (MODESFI - FSEG Sfax)

  • Hanen Ghorbel

    (MODESFI - FSEG Sfax)

Abstract

The aim of this paper is to analyze the relationship between governance mechanisms and measures of financial and market performance for 134 Canadian firms for the year 2007. The study highlights the nonlinearity of the relation expressing the effect of governance on performance. Indeed, the results show the presence of a threshold in the disclosure index. Only beyond this threshold governance can exert a positive impact on financial performance. Disclosure is therefore essential for improving the financial performance of Canadian firms.

Suggested Citation

  • Manel Kolsi & Hanen Ghorbel, 2011. "Effet des mécanismes de gouvernance sur la performance financière et boursière : Cas des entreprises canadiennes," Post-Print hal-00650537, HAL.
    • Handle: RePEc:hal:journl:hal-00650537
    Note: View the original document on HAL open archive server: https://hal.science/hal-00650537
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    References listed on IDEAS

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    2. Chenini Hajer & Jarboui Anis, 2018. "Analysis of the Impact of Governance on Bank Performance: Case of Commercial Tunisian Banks," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(3), pages 871-895, September.

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