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Le reporting de gouvernance, les attributs du conseil et la qualité des résultats comptables : Incidence sur les marchés boursiers

Author

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  • Denis Cormier
  • Marie-Josée Ledoux
  • Michel Magnan

Abstract

In this study, we analyze the simultaneous relations between corporate governance, earnings quality and information asymmetry between managers and investors. We consider that governance encompasses both specific attributes such as board size as well as complementary information about underlying governance processes that is disclosed on corporate Web sites. We argue that enhanced transparency resulting from such disclosure enhances earnings quality and translates into reduced levels of information asymmetry between managers and investors. Our findings are consistent with these expectations. Moreover, it appears that governance disclosure complements a firm?s governance attributes in improving earnings quality and reducing stock market asymmetry.

Suggested Citation

  • Denis Cormier & Marie-Josée Ledoux & Michel Magnan, 2010. "Le reporting de gouvernance, les attributs du conseil et la qualité des résultats comptables : Incidence sur les marchés boursiers," ACCRA, Association francophone de comptabilité, vol. 16(2), pages 69-96.
    • Handle: RePEc:cai:accafc:cca_162_0069
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    Cited by:

    1. Hela Turki & Senda Wali & Younes Boujelbène, 2016. "IFRS, Environnement Informationnel et Pertinence des chiffres comptables," Post-Print hal-01901074, HAL.
    2. Cédric van Appelghem & Pascal Nguyen, 2020. "Do CEO-Board ties affect the firm's cost of equity? [La proximité entre le dirigeant et les administrateurs a-t-elle un impact sur le coût des fonds propres ?]," Working Papers hal-02880367, HAL.

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