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Impact des éléments de gouvernement d'entreprise sur le contenu informationnel des accruals discrétionnaires cas du contexte Français

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  • Afef Dhahbi

    (FSEG Sfax - Faculté des Sciences Economiques et de Gestion de Sfax - Université de Sfax - University of Sfax)

Abstract

This study examines whether there is a linkage between the quality of corporate structure and the pricing of discretionary accruals, for a sample of French firms from the SBF 250. To approach the concept of corporate governance that covers several measurements: the board of directors and its committees, we used the method of data envelopment analysis (DEA). The findings indicate that the association between stock return and discretionary accruals is greater for firms having a good corporate governance structure. Furthermore, discretionary accruals have a greater association with future profitability for firms that have good corporate governance.

Suggested Citation

  • Afef Dhahbi, 2010. "Impact des éléments de gouvernement d'entreprise sur le contenu informationnel des accruals discrétionnaires cas du contexte Français," Working Papers hal-00475202, HAL.
    • Handle: RePEc:hal:wpaper:hal-00475202
    Note: View the original document on HAL open archive server: http://hal.grenoble-em.com/hal-00475202
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    References listed on IDEAS

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    5. Subramanyam, K. R., 1996. "The pricing of discretionary accruals," Journal of Accounting and Economics, Elsevier, vol. 22(1-3), pages 249-281, October.
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    7. Wolfgang Drobetz & Andreas Schillhofer & Heinz Zimmermann, 2004. "Corporate Governance and Expected Stock Returns: Evidence from Germany," European Financial Management, European Financial Management Association, vol. 10(2), pages 267-293, June.
    8. Xie, Biao & Davidson, Wallace III & DaDalt, Peter J., 2003. "Earnings management and corporate governance: the role of the board and the audit committee," Journal of Corporate Finance, Elsevier, vol. 9(3), pages 295-316, June.
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    Cited by:

    1. Andrey Aistov, 2012. "Is Education a Signal on the Russian Labour Market?," HSE Working papers WP BRP 05/EDU/2012, National Research University Higher School of Economics.

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