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Qualité de la communication financière au sujet des pratiques de gouvernance d'entreprise : cas du SBF 120

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  • Hanen Ben Ayed-Koubaa

    ()
    (PRISM - Université Paris 1 Panthéon Sorbonne)

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    Abstract

    La présente étude tend à vérifier l'impact des caractéristiques du conseil d'administration, de la structure de propriété et de l'actionnariat salarié sur la qualité de l'information diffusée par l'entreprise. D'autres variables de contrôle, ont été intégrées à notre analyse vu l'influence qu'elles exerçaient sur la précision des prévisions des analystes financiers retenue comme proxy de la qualité de la communication. Les résultats obtenus, à partir d'un échantillon constitué de l'ensemble des entreprises industrielles et commerciales appartenant à l'indice SBF 120 entre 2002 et 2007, semblent indiquer un effet positif de la présence d'un comité de nomination au sein du conseil. L'indépendance des administrateurs nuit toutefois à la qualité de l'information diffusée par l'entreprise. Concernant la structure de propriété, l'hypothèse de l'expropriation des actionnaires minoritaires par les actionnaires minoritaires a été rejetée.

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    Bibliographic Info

    Paper provided by HAL in its series Post-Print with number hal-00646509.

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    Date of creation: 2011
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    Publication status: Published - Presented, Comptabilités, économie et société, 2011, Montpellier, France
    Handle: RePEc:hal:journl:hal-00646509

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    Keywords: Gouvernance des entreprises ; communication financière ; structure de propriété ; conseil d'administration ; actionnariat salarié;

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