Effet des mécanismes de gouvernance sur la performance financière et boursière: Cas des entreprises canadiennes

Manel Kolsi () and Hanen Ghorbel ()
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Manel Kolsi: MODESFI - FSEG Sfax
Hanen Ghorbel: MODESFI - FSEG Sfax

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Abstract: The aim of this paper is to analyze the relationship between governance mechanisms and measures of financial and market performance for 134 Canadian firms for the year 2007. The study highlights the nonlinearity of the relation expressing the effect of governance on performance. Indeed, the results show the presence of a threshold in the disclosure index. Only beyond this threshold governance can exert a positive impact on financial performance. Disclosure is therefore essential for improving the financial performance of Canadian firms.

Keywords: Corporate Governance; Financial Performance; Market Performance; Disclosure; Threshold Effect; Gouvernance d'entreprise; performance financière; performance boursière; divulgation; effet seuil (search for similar items in EconPapers)
Date: 2011-05-10
Note: View the original document on HAL open archive server: https://hal.science/hal-00650537
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Citations: View citations in EconPapers (2)

Published in Comptabilités, économie et société, May 2011, Montpellier, France. pp.cd-rom

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