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Structure de Propriété et Qualité de l'Audit Externe : Cas des Entreprises Belges Cotées

  • Azhaar Lajmi

    ()

    (Unité de recherche Finance et Stratégies des Affaires - ISG Tunis)

  • Marjène Gana

    ()

    (ISCC Bizerte - Institut Supérieur de Commerce et de Comptabilité Bizerte - Université du 7 Novembre à Carthage)

This article aims to understand the behavior of Belgian companies in their choice of audit quality, referring to the characteristics of their ownership structure. The quality of external audit is approximated by a composite multi-items index. On the basis of a sample of 96 Belgian companies listed on the Euronext Brussels Stock Exchange during the period 2003-2007, a significant negative relationship between, on one hand, the share capital held by insiders and institutional investors and, secondly, audit quality index is highlighted. In contrast, a significant and positive effect of ownership concentration on the quality of external audit. Finally, the hypothesis of a non-linear relation between the audit quality and the governance variables is rejected.

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Paper provided by HAL in its series Post-Print with number hal-00650542.

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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-00650542
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00650542
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