IDEAS home Printed from https://ideas.repec.org/a/cai/rfglav/rfg_197_0065.html
   My bibliography  Save this article

Manipulation des bénéfices et rachats d'actions. Le cas des entreprises du secteur pétrolier et gazier

Author

Listed:
  • Nicole Lanoue
  • Dominic Peltier-Rivest

Abstract

The purpose of this study is to examine whether firms in the gas and energy industry manipulate earnings before a stock repurchase. Our results show that negative (income- reducing) total discretionary accruals are significantly related to stock repurchases in the year preceding the stock repurchase. This allows the firm to repurchase its stocks at a lower price given the negative effect of lower earnings figures on share market value. Our study helps better understand financial statement data as it relates to stock repurchases.

Suggested Citation

  • Nicole Lanoue & Dominic Peltier-Rivest, 2009. "Manipulation des bénéfices et rachats d'actions. Le cas des entreprises du secteur pétrolier et gazier," Revue française de gestion, Lavoisier, vol. 0(7), pages 65-81.
    • Handle: RePEc:cai:rfglav:rfg_197_0065
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=RFG_197_0065
    Download Restriction: free
    File URL: http://www.cairn.info/revue-francaise-de-gestion-2009-7-page-65.htm
    Download Restriction: free
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:rfglav:rfg_197_0065. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-francaise-de-gestion.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.