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Does corporate governance affect financial communication transparency? Empirical evidence in the Tunisian context

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  • Maali Kachouri Ben Saad
  • Anis Jarboui
  • David McMillan

Abstract

The present study is focused on investigating the relationship between intentional governance mechanisms (Directors’ boards, Ownership structure and audit quality) and financial communication transparency. For this purpose, a model is used and applied to Tunisian firms’ sample observed over the period 2006–2013. The achieved results reveal that intentional governance mechanisms are positively related to a higher transparency level noticeable in financial communication (voluntary disclosure and quality information). In addition, empirical tests indicate that financial communication transparency is highly dependent on the board size, ownership concentration, as well as on audit quality.

Suggested Citation

  • Maali Kachouri Ben Saad & Anis Jarboui & David McMillan, 2015. "Does corporate governance affect financial communication transparency? Empirical evidence in the Tunisian context," Cogent Economics & Finance, Taylor & Francis Journals, vol. 3(1), pages 1090944-109, December.
  • Handle: RePEc:taf:oaefxx:v:3:y:2015:i:1:p:1090944
    DOI: 10.1080/23322039.2015.1090944
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    References listed on IDEAS

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