Politique de réduction des coûts et communication financière: ritualisme ou opportunisme ?

Anne Riviere ()
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Anne Riviere: Management Research Centre - ESC Toulouse

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Abstract: French groups regularly announce cost reduction plans (or "CRP"), which are consequently part of their financial voluntary disclosures. In this article, we use the theoretical framework for financial corporate disclosure proposed by Gibbins, Richardson & Waterhouse (1990) to study the practices of French listed companies which voluntarily announce CRPs. We adapt the initial framework to the specificities of French practices regarding CRP, and test it with empirical data from 89 press releases through content analysis. We find, in addition to the two corporate disclosure positions predicted by the initial framework – i.e. opportunism and ritualism – a third position, called "nomadism". Internal and external antecedents which influence the three corporate disclosure positions are also empirically tested.

Keywords: Cost reduction; voluntary disclosures; content analysis; opportunism; ritualism; réduction des coûts; communication financière; analyse de contenu; opportunisme; ritualisme (search for similar items in EconPapers)
Date: 2009-05-27
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Published in La place de la dimension européenne dans la Comptabilité Contrôle Audit, May 2009, Strasbourg, France. pp.CD ROM

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00456197

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