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Le contenu informatif des chiffres comptables : vers de nouvelles améliorations méthodologiques ?


  • Isabelle Martinez


The purpose of this study is to extend the research on the information content of accounting numbers in two directions. Firstly, we test whether the explanatory power of accounting variables (earnings and cash flows) can be improved by using a nonlinear specification. Secondly, we investigate how firm-specific attributes such as size, debt level and firm life-cycle influence the relative relevance of accounting measures. Results support a nonlinear relationship between stock returns and accounting variables. They indicate also that the relevance of earnings is conditional on size, debt level and life-cycle of the firm.

Suggested Citation

  • Isabelle Martinez, 2004. "Le contenu informatif des chiffres comptables : vers de nouvelles améliorations méthodologiques ?," Comptabilité - Contrôle - Audit, Association francophone de comptabilité, vol. 10(2), pages 9-30.
  • Handle: RePEc:cai:ccaafc:cca_102_0009

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    Cited by:

    1. Jean-François Casta & Alioune Badara Mbengue, 2016. "De la pertinence informationnelle des chiffres comptables publiés par les sociétés cotées sur les Bourses d'Afrique de l'Ouest (B.R.V.M et Ghana Stock Exchange)," Post-Print hal-01902539, HAL.
    2. Tayeb Saadi, 2010. "Contenus Informationnels Du Resultat Net Et Des Capitaux Propres : Quelle Pertinence Apres L'Introduction Des Normes Ifrs : Le Cas De La France," Post-Print hal-00481550, HAL.
    3. Charlotte Disle & Philippe Protin & Nathalie Gonthier-Besacier & Frédéric Bertrand & Stéphane Périer, 2016. "Divulgation volontaire sur le Business model : le cas des entreprises du CAC40," Post-Print hal-01900531, HAL.


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