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La Qualité De L'Information Financière Est-Elle Liée À La Structure Du Capital ? Le Cas Des Blue Chips Et Small Caps Belges

Author

Listed:
  • Mélanie Croquet

    (Centre de recherche Warocqué - Université de Mons-Hainaut)

  • Laeticia Pozniak
  • Olivier Colot

    (CHRU Lille - Centre Hospitalier Régional Universitaire [CHU Lille])

Abstract

The objective is to identify the quality of the financial communication of the Belgian companies quoted on the NYSE Euronext Brussels through a detailed analysis of their annual report and to identify the link between the shareholder structure of these firms and this quality of financial communication. The quality of this communication is normalized by means of a scoring based on a railing of analysis of contents. This score is regressed on the variables of structure of property associated with variables of control. The results show that the part of capital held by institutional investors, the family character of the firm as well as its size and its level of debts incite firms to produce a good financial information.

Suggested Citation

  • Mélanie Croquet & Laeticia Pozniak & Olivier Colot, 2014. "La Qualité De L'Information Financière Est-Elle Liée À La Structure Du Capital ? Le Cas Des Blue Chips Et Small Caps Belges," Post-Print hal-01899079, HAL.
    • Handle: RePEc:hal:journl:hal-01899079
    Note: View the original document on HAL open archive server: https://hal.science/hal-01899079
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    References listed on IDEAS

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