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Structure de propriété et communication financière des entreprises françaises

Author

Listed:
  • Réal Labelle

    (HEC MONTRéAL CGJ - Chaire de Gouvernance et Juricomptabilité - HEC Montréal - HEC Montréal)

  • Alain Schatt

    (LEG/FARGO - UFC - Université de Franche-Comté)

Abstract

Cette étude empirique a pour objet de vérifier s'il existe une relation entre la structure de propriété et la qualité de la communication financière des entreprises françaises. Nos résultats indiquent que, conformément aux prédictions de la théorie de l'agence, la qualité des rapports annuels croît avec la dilution de l'actionnariat. En revanche, il apparaît que la relation entre la dilution de l'actionnariat et la qualité des relations avec les investisseurs n'est pas linéaire mais curvilinéaire.

Suggested Citation

  • Réal Labelle & Alain Schatt, 2003. "Structure de propriété et communication financière des entreprises françaises," Post-Print halshs-00582792, HAL.
  • Handle: RePEc:hal:journl:halshs-00582792
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00582792
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    References listed on IDEAS

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    2. repec:dau:papers:123456789/4205 is not listed on IDEAS
    3. Claire Gillet, 2011. "Les facteurs explicatifs de la vérification volontaire des informations sociétales," Post-Print hal-00650436, HAL.
    4. Yves Mard & Sylvain Marsat, 2011. "Gestion des résultats comptables et structure de l'actionnariat : le cas français," Post-Print hal-00650550, HAL.
    5. Jennifer Boutant & Marie-Anne Verdier, 2013. "Les Strategies De Communication Sur La Performance : Le Cas Des Societes Francaises En Difficulte," Post-Print hal-00991974, HAL.
    6. repec:eee:advacc:v:30:y:2014:i:2:p:367-380 is not listed on IDEAS
    7. Chiraz Ben Ali, 2014. "Corporate Governance, Principal-Principal Agency Conflicts, and Disclosure," Working Papers 2014-125, Department of Research, Ipag Business School.
    8. repec:dau:papers:123456789/2719 is not listed on IDEAS
    9. Hanen Koubaa Ben Ayed- & Sarah Saint Michel, 2012. "Diversité En Termes De Genre Et De Statut Professionnel Au Sein Des Organes De Direction Et Gouvernance Des Entreprises," Post-Print hal-00937920, HAL.
    10. Hubert De La Bruslerie & Heger Gabteni, 2010. "Voluntary financial disclosure, the introduction of IFRS and long-term communication policy: An empirical test on French firms," Post-Print halshs-00636602, HAL.
    11. Yves Mard & Sylvain Marsat, 2008. "Les stratégies comptables précédant un changement de dirigeant en France," Revue Finance Contrôle Stratégie, revues.org, vol. 11(4), pages 111-136, December.
    12. Rahma CHEKKAR, 2005. "L'entreprise au-delà de ses obligations légales : publicité financière et communication chez Saint-Gobain (1867-2005)," Economic History 0503008, EconWPA.

    More about this item

    Keywords

    Communication financière; Relations avec les investisseurs; Rapports annuels; Structure de propriété; Performance;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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