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Qualité de la communication financière au sujet des pratiques de gouvernance d'entreprise : cas du SBF 120

  • Hanen Ben Ayed-Koubaa

    ()

    (PRISM - Pôle de recherche interdisciplinaire en sciences du management - UP1 - Université Panthéon-Sorbonne)

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    This study extends earlier research on corporate governance by examining whether ownership structure, board characteristics and employee representation on the board have an effect on the analyst forecast accuracy. Using panel data from French firms for the financial years 2002-2007, we find that the quality of financial reporting is negatively related to the independence of the board. We also find that the employee representation on the board reduce the accuracy of analysts forecasts. However the results reject the hypothesis of expropriation.

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    File URL: https://hal.archives-ouvertes.fr/hal-00646509/document
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    Paper provided by HAL in its series Post-Print with number hal-00646509.

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    Date of creation: 10 May 2011
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    Publication status: Published in Comptabilités, économie et société, May 2011, Montpellier, France. pp.cd-rom, 2011
    Handle: RePEc:hal:journl:hal-00646509
    Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00646509
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