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La résolution d'un problème de multicolinéarité au sein des études portant sur les déterminants d'une publication volontaire d'informations : proposition d'un algorithme de décision simplifié basé sur les indicateurs de Belsley, Kuh et Welsch (1980)

Author

Listed:
  • Marc de Bourmont

    (Pôle de Recherche - Rouen Business School - Rouen Business School)

Abstract

Many disclosure and determinants studies have been conducted, in which the authors most often estimate a classical linear regression model (CLR). This technique is the best technique in order to estimate linear relationships between a dependent variable and some independent variables, when the constraints that apply to such a model are respected. The lack of a multicolinearity problem being one of these constraints, the aim of this article is 1/ to show that the usual tools that are used in order to detect and remedy this problem are sometimes not sufficient 2/ to demonstrate the superiority of the indicators that were proposed by Besley, Kuh and Welsch (1980). From these indicators, an algorithm is proposed in this article which is then applied in an illustrative way in a determinant and disclosure study. We then show that this algorithm allows circumventing a multicolinearity problem.

Suggested Citation

  • Marc de Bourmont, 2012. "La résolution d'un problème de multicolinéarité au sein des études portant sur les déterminants d'une publication volontaire d'informations : proposition d'un algorithme de décision simplifié basé sur," Post-Print hal-00691156, HAL.
    • Handle: RePEc:hal:journl:hal-00691156
    Note: View the original document on HAL open archive server: https://hal.science/hal-00691156
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    References listed on IDEAS

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    1. Belsley, David A., 1982. "Assessing the presence of harmful collinearity and other forms of weak data through a test for signal-to-noise," Journal of Econometrics, Elsevier, vol. 20(2), pages 211-253, November.
    2. Yuan Ding & Hervé Stolowy, 2003. "Les facteurs déterminants de la stratégie des groupes français en matière de communication sur les activités de R&D," Revue Finance Contrôle Stratégie, revues.org, vol. 6(1), pages 39-62, March.
    3. Marie Chavent & Yuan Ding & Linghui Fu & Herve Stolowy & Huiwen Wang, 2006. "Disclosure and determinants studies: An extension using the Divisive Clustering Method (DIV)," European Accounting Review, Taylor & Francis Journals, vol. 15(2), pages 181-218.
    4. Emma Garcia-Meca & Juan Sanchez-Ballesta, 2010. "The Association of Board Independence and Ownership Concentration with Voluntary Disclosure: A Meta-analysis," European Accounting Review, Taylor & Francis Journals, vol. 19(3), pages 603-627.
    5. Verrecchia, Robert E., 1983. "Discretionary disclosure," Journal of Accounting and Economics, Elsevier, vol. 5(1), pages 179-194, April.
    6. Charles Piot, 2008. "Les déterminants du délai de signature du rapport d'audit en France," ACCRA, Association francophone de comptabilité, vol. 14(2), pages 43-73.
    7. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
    8. Healy, Paul M. & Palepu, Krishna G., 2001. "Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature," Journal of Accounting and Economics, Elsevier, vol. 31(1-3), pages 405-440, September.
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