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

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Author Info

  • Fatma Triki

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

  • Rym Hachana

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

Registered author(s):

    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.

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    File URL: http://halshs.archives-ouvertes.fr/docs/00/52/59/90/PDF/p129.pdf
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    Bibliographic Info

    Paper provided by HAL in its series Post-Print with number halshs-00525990.

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    Date of creation: May 2008
    Date of revision:
    Publication status: Published - Presented, LA COMPTABILITE, LE CONTRÔLE ET L'AUDIT ENTRE CHANGEMENT ET STABILITE, 2008, France
    Handle: RePEc:hal:journl:halshs-00525990

    Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00525990/en/
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    Web page: http://hal.archives-ouvertes.fr/

    Related research

    Keywords: Résultat comptable; asymétrie informationnelle; coût des fonds propres;

    References

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