Accounting Policies preceding CEO Changes in France

Les stratégies comptables précédant un changement de dirigeant en France

Yves Mard () and Sylvain Marsat ()
Additional contact information
Yves Mard: CRCGM - Centre de Recherche Clermontois en Gestion et Management - UdA - Université d'Auvergne - Clermont-Ferrand I - ESC Clermont-Ferrand - École Supérieure de Commerce (ESC) - Clermont-Ferrand
Sylvain Marsat: CRCGM - Centre de Recherche Clermontois en Gestion et Management - UdA - Université d'Auvergne - Clermont-Ferrand I - ESC Clermont-Ferrand - École Supérieure de Commerce (ESC) - Clermont-Ferrand

Post-Print from HAL

Abstract: From a sample of 56 French firms who encountered a change of CEO during the 2000-2005 period, we analyse the nature and the factors explaining the accounting choices carried out by the outgoing top manager. The study of discretionary accruals shows that they engaged in upwards earnings management during the two years preceding their departure. Besides, the outgoing CEO who benefits from stock options is more prone to manage the result upwards. The age of the manager is also positively correlated with discretionary accruals. Conversely top manager who stays as an administrator implements less aggressive accounting choices.

Keywords: accounting choices; CEO changes; earnings management; corporate governance; gestion du résultat; changements de dirigeant; choix comptables.; gouvernance d'entreprise (search for similar items in EconPapers)
Date: 2008
Note: View the original document on HAL open archive server: https://hal.science/hal-02156579
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Finance Contrôle Stratégie, 2008, 11, pp.111-136

Downloads: (external link)
https://hal.science/hal-02156579/document (application/pdf)

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:hal:journl:hal-02156579

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().