Cet article propose une étude bibliométrique de la littérature sur le thème de l’information non-financière (INF). Nous analysons 787 articles publiés dans 53 revues de 1973 à 2013. Plusieurs importantes questions relatives à l’état de l’art de la recherche académique sur l’INF sont examinées : comment l’INF est-elle définie par la littérature ? L’INF peut-elle être définie ? Quels sont les principaux sujets couverts par la recherche sur l’INF ? Quelles méthodes sont utilisées par les chercheurs ? La recherche est-elle spécifique à certains pays ? L’analyse montre que beaucoup d’articles ne définissent pas le concept d’INF mais se réfèrent à des concepts sous-jacents comme le capital social, environnemental, humain, ou la responsabilité sociale de l’entreprise (RSE). L’étude montre que la recherche en INF a atteint un certain degré de maturité à la fin des années 1990/début des années 2000. Plusieurs revues spécialisées, jouant désormais un rôle important, ont été créés pendant cette période. Par ailleurs, 10 thèmes de recherche sur l’INF sont répertoriés parmi lesquels la RSE semble être le plus souvent traité. Nous découvrons également que le volume des recherches sur l’audit de l’INF augmente alors que la recherche en comptabilité/contrôle de gestion sur le thème de l’INF reste limitée. La croissance de la recherche sur l’INF est alimentée principalement par des articles utilisant des méthodes sur données d’archives (approches quantitatives ou qualitatives) ainsi que des essais. Enfin, nous proposons des pistes pour des recherches futures.
We develop a Clawback Strength Index and show that while some firms adopt unambiguous and strong clawback provisions, others adopt weak ones. We find that strong clawback adopters experience improvements in financial reporting quality, fewer CEO turnovers, and lower CEO pay. We advance two possible explanations: First, clawback strength may be primarily responsible for the improvements in reporting quality. Second, strong clawbacks may yield benefits because they are part of a broader reform package. While our findings on reporting quality and CEO turnover are consistent with both explanations, our results on CEO pay support only the broader reform explanation.
We examine companies' compliance with IFRS risk disclosure rules for the first fiscal year following 2007. For a sample of 383 firms from 20 European countries, we find that average risk disclosure compliance is only 62 percent. Countries' enforcement strength is generally positively associated with risk disclosure compliance and even more effective in the presence of outsider monitoring. We highlight that crosscountry differences in enforcement must be properly accounted for to ensure consistent risk disclosure compliance.
International audienceThis study investigates the economic consequences of non-English-speaking companies adopting English as an external reporting language. We examine a sample of European companies that initiate the voluntary issuance of an annual report in English in addition to the local language annual report. To control for self-selection, we use a difference-in-differences design with a propensity score matched control sample. We find that adoption of English as an external reporting language is associated with increased foreign ownership, decreased information asymmetry, and increased analyst following. We also find that these benefits are not conditional on the use of IFRS for financial reporting. Our findings hold if we run a number of robustness checks to control for correlated events (creation of an investor relations service, provision of conference calls, and/or changes in management). These results are consistent with the language used in the annual report acting as a barrier to investment for some investors and with annual reports issued in English reducing investors’ information processing costs
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