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Gestion des résultats comptables et structure de l'actionnariat : le cas français

  • Yves Mard

    ()

    (CRCGM - Centre de Recherche Clermontois en Gestion et Management - UBP - Université Blaise Pascal - Clermont-Ferrand 2 - Université d'Auvergne - Clermont-Ferrand I - École Supérieure de Commerce (ESC) - Clermont-Ferrand)

  • Sylvain Marsat

    ()

    (CRCGM - Centre de Recherche Clermontois en Gestion et Management - UBP - Université Blaise Pascal - Clermont-Ferrand 2 - Université d'Auvergne - Clermont-Ferrand I - École Supérieure de Commerce (ESC) - Clermont-Ferrand)

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    The aim of our research is to study the impact of ownership structure on earnings management among French listed companies. The study is performed on a sample of SBF 250 listed companies over the 2004-2008 period. The ownership concentration, measured by the three largest shareholders, appears to reduce earnings management. As far as the type of ownership is concerned, analyses pinpoint the influence of three types of shareholders. First, the presence of the state as shareholder tends to increase the intensity of earnings management. Moreover, the weight of family and industrial ownership limits the intensity of earnings management. One explanation could be in the long-term investment horizon of these agents, which does not induce executives to perform earnings management.

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    File URL: https://hal.archives-ouvertes.fr/hal-00650550/document
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    Paper provided by HAL in its series Post-Print with number hal-00650550.

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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-00650550
    Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00650550
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