La gestion de résultat par les montages financiers de titrisation: le cas des sociétés françaises cotées

Patrick Boisselier () and Mounir Jaouadi ()
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Patrick Boisselier: LIRSA-CRC - LIRSA. Centre de recherche en comptabilité - LIRSA - Laboratoire interdisciplinaire de recherche en sciences de l'action - CNAM - Conservatoire National des Arts et Métiers [CNAM]
Mounir Jaouadi: CRIFP - Centre de Recherche en Ingénierie Financière et Finances Publiques - UNS - Université Nice Sophia Antipolis (1965 - 2019)

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Abstract: This study investigates whether asset securitization and discretionary accruals are used as substitutes or complementary tools of earnings management. Our sample contains 166 asset securitizations undertaken by 97 listed French companies within the period 2000-2006. Our results suggest that asset securitization and discretionary accruals are complementary tools of earnings management. In other terms, firms try to reach earnings benchmark by securitizing their assets. After that, if this tool doesn't seem to be efficient to do so, firms manage their earnings through discretionary accruals.

Keywords: Securitization; financing; balance-sheet structuring; earnings management; Titrisation; financement; gestion bilancielle; gestion de résultat (search for similar items in EconPapers)
Date: 2011-05-10
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Published in Comptabilités, économie et société, May 2011, Montpellier, France. pp.cd-rom

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00646778

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