Qualité de la communication financière au sujet des pratiques de gouvernance d'entreprise: cas du SBF 120

Hanen Ben Ayed-Koubaa ()
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Hanen Ben Ayed-Koubaa: PRISM Sorbonne - Pôle de recherche interdisciplinaire en sciences du management - UP1 - Université Paris 1 Panthéon-Sorbonne

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Abstract: This study extends earlier research on corporate governance by examining whether ownership structure, board characteristics and employee representation on the board have an effect on the analyst forecast accuracy. Using panel data from French firms for the financial years 2002-2007, we find that the quality of financial reporting is negatively related to the independence of the board. We also find that the employee representation on the board reduce the accuracy of analysts forecasts. However the results reject the hypothesis of expropriation.

Keywords: Corporate governance; analyst forecast accuracy; board composition; ownership structure; employee representation; Gouvernance des entreprises; communication financière; structure de propriété; conseil d'administration; actionnariat salarié (search for similar items in EconPapers)
Date: 2011-05-10
Note: View the original document on HAL open archive server: https://hal.science/hal-00646509
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Citations: View citations in EconPapers (1)

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

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