Financial Disclosure Information, Board of Directors, and Firm Characteristics among French CAC 40 Listed Firms

Ahmadi Ali () and Bouri Abdelfettah
Additional contact information
Ahmadi Ali: Faculty of Economics and Management of Sfax
Bouri Abdelfettah: Faculty of Economics and Management of Sfax

Journal of the Knowledge Economy, 2019, vol. 10, issue 3, No 3, 957 pages

Abstract: Abstract In the context of economic globalization, the need for high-quality financial disclosure has become desiderative. The aim of our study is to analyze the effect of a set of financial attributes, firm characteristics, and board of director features on financial disclosure level among companies listed at CAC 40. The sample used in this study consists of the 40 largest companies operating in French (index CAC 40). The findings of our study show that a high level of financial disclosure will show the effectiveness of corporate governance represented by the percentage of outside directors and would tend to face fewer difficulties in accessing capital markets. Equally, financial disclosure level is positively associated with financial attributes, such as firm size and profitability. We find that firms with little stock price volatility and small board size disclose more financial information than other firms.

Keywords: Financial disclosure; Financial disclosure level; Financial attributes; Board of directors (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s13132-017-0503-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jknowl:v:10:y:2019:i:3:d:10.1007_s13132-017-0503-z

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13132

DOI: 10.1007/s13132-017-0503-z

Access Statistics for this article

Journal of the Knowledge Economy is currently edited by Elias G. Carayannis

More articles in Journal of the Knowledge Economy from Springer, Portland International Center for Management of Engineering and Technology (PICMET)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().