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Les cessions d'actifs : un moyen de gérer le résultat comptable ?

Author

Listed:
  • Yves Mard

    () (ISIT - Image Science for Interventional Techniques - Clermont Université - CNRS - Centre National de la Recherche Scientifique - UdA - Université d'Auvergne - Clermont-Ferrand I)

Abstract

Cet article vise à déterminer empiriquement si les dirigeants d'entreprises gèrent les résultats comptables en choisissant la date de cession de leurs actifs. Deux motivations à la gestion des résultats comptables sont envisagées : celle qui vise à lisser les résultats et celle liée à l'endettement de l'entreprise. Les résultats confirment l'utilisation de la date de cession d'actifs afin d'atténuer les fluctuations de résultats. Il apparaît que la gestion se fait, d'une part, en jouant sur le montant d'actifs cédés, et d'autre part en sélectionnant les actifs cédés en fonction des plus et moins values qu'ils dégagent. En revanche, pour les firmes endettées, la décision de cession d'actifs semble dictée plus par la nécessité que par la volonté d'augmenter les résultats.

Suggested Citation

  • Yves Mard, 2006. "Les cessions d'actifs : un moyen de gérer le résultat comptable ?," Post-Print halshs-00558227, HAL.
  • Handle: RePEc:hal:journl:halshs-00558227
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00558227
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    References listed on IDEAS

    as
    1. Bartov, Eli & Givoly, Dan & Hayn, Carla, 2002. "The rewards to meeting or beating earnings expectations," Journal of Accounting and Economics, Elsevier, vol. 33(2), pages 173-204, June.
    2. Geoffrey Poitras & Trevor Wilkins & Yoke Shang Kwan, 2002. "The Timing of Asset Sales: Evidence of Earnings Management?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 29(7&8), pages 903-934.
    3. Don Herrmann & Tatsuo Inoue & Wayne B. Thomas, 2003. "The Sale of Assets to Manage Earnings in Japan," Journal of Accounting Research, Wiley Blackwell, vol. 41(1), pages 89-108, March.
    4. Press, Eric G. & Weintrop, Joseph B., 1990. "Accounting-based constraints in public and private debt agreements : Their association with leverage and impact on accounting choice," Journal of Accounting and Economics, Elsevier, vol. 12(1-3), pages 65-95, January.
    5. repec:bla:joares:v:20:y:1982:i::p:161-234 is not listed on IDEAS
    6. repec:bla:joares:v:8:y:1970:i:2:p:260-273 is not listed on IDEAS
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