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Impact De La Qualite Du Resultat Comptable Sur Le Cout Des Fonds Propres Des Entreprises Tunisiennes

Author

Listed:
  • Fatma Triki

    (Unité de recherche Finance et Stratégies des Affaires - ISG Tunis)

  • Rym Hachana

    (Unité de recherche Finance et Stratégies des Affaires - ISG Tunis)

Abstract

En se basant sur le modèle de Fama et French (1993), nous avons essayé de mesurer l'impact de la qualité du résultat comptable sur le coût des fonds propres des entreprises tunisiennes. La revue de la littérature nous renseigne que plus la qualité de l'information – véhiculée par le résultat comptable – est meilleure, moins sera le risque informationnel, ce qui réduira in fine le coût des fonds propres. En effet, les investisseurs apprécieront davantage les entreprises dont la qualité de leurs résultats comptables est supérieure puisqu'ils seront incités à diversifier leurs portefeuilles, ce qui améliore le cours du titre et réduit le coût des fonds propres.

Suggested Citation

  • Fatma Triki & Rym Hachana, 2008. "Impact De La Qualite Du Resultat Comptable Sur Le Cout Des Fonds Propres Des Entreprises Tunisiennes," Post-Print halshs-00525990, HAL.
    • Handle: RePEc:hal:journl:halshs-00525990
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00525990
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