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L'effet des caractéristiques du conseil d'administration et de la qualité de l'information financière sur le coût de la dette (Cas des entreprises industrielles françaises)

Author

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  • Afef Feki

    (Unité de Recherche Gouvernance, ESC Sfax - ESC Sfax - Ecole Supérieure de Commerce Sfax)

  • Walid Khoufi

    (Unité de Recherche Gouvernance, ESC Sfax - ESC Sfax - Ecole Supérieure de Commerce Sfax)

Abstract

L'objectif de cet article est d'étudier le rôle du conseil d'administration dans la détermination de la qualité de l'information financière et d'évaluer l'impact de la qualité de l'information financière sur le coût de la dette. Les tests menés, sur un échantillon de 67 entreprises industrielles françaises cotées sur une période allant de 2003 à 2005, montrent que les petits et indépendants conseils d'administration permettent une meilleure qualité de l'information financière et que les firmes qui diffusent une information financière de qualité bénéficient d'un faible coût de la dette. En outre, l'indépendance des administrateurs constitue, dans le cadre de notre échantillon, un levier d'action qui permet l'amélioration de la qualité de l'information financière et la diminution du coût de la dette.

Suggested Citation

  • Afef Feki & Walid Khoufi, 2008. "L'effet des caractéristiques du conseil d'administration et de la qualité de l'information financière sur le coût de la dette (Cas des entreprises industrielles françaises)," Post-Print halshs-00525385, HAL.
    • Handle: RePEc:hal:journl:halshs-00525385
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00525385
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