Corporate Disclosure, Ownership Structure And Earnings Management: The Case Of French-Listed Firms

Lakhal, Nadia

doi:10.19030/jabr.v31i4.9332

Cited by 17 publications

(18 citation statements)

References 57 publications

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“…Regarding the control variables, it can be observed that the sample companies are relatively large firms with a mean SIZE of 7.14 between a minimum of 5.83 and maximum of 9.31. This is similar to the result reported by Lakhal (2015) for the French listed companies with mean 7.87. In terms of profitability PROF, the mean of net income to total assets equals 3.182%.…”

Section: Descriptive Statisticssupporting

confidence: 91%

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A study of the determinants of environmental disclosure quality: evidence from French listed companies

2019

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We examine the impact of various factors on the quality of environmental disclosure. Combining multi-theories in a unique framework, it focuses on factors related to the strategy and vision of the firm (environmental audit, presence of an environmental committee), diversity of and within boards (independence of the board, gender diversity) and factors related to the environment (environmental performance, degree of pollution of the company). This study involves an attempt to develop a self-constructed index to measure environmental disclosure quality using qualitative attributes as provided by IASB and GRI frameworks and following (Chauvey et al. in J Bus Ethics, 130(4): [789][790][791][792][793][794][795][796][797][798][799][800][801][802][803] 2014). A number of econometric techniques are used including panel data specifications using a sample of French listed companies in SBF120 for the period 2009-2014. The study found that quality of disclosure remains relatively low. In addition, the findings indicate that a company's strategy and vision (environmental audit), diversity in boards (gender diversity) and environmental performance play significant roles in explaining variations in quality of environmental disclosure. This paper sheds light on whether various factors could affect the credibility of disclosed information using a multi theory framework. Standards setters and policy makers are recommended to think about implementing a generally accepted framework of non-financial reporting to answer the demand for more transparency and accountability. This paper fills the gap in the literature by highlighting an unexplored area of literature related to the quality of non-financial reporting drawing upon the regulatory framework of financial reporting.

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Section: Descriptive Statisticssupporting

confidence: 91%

“…In terms of profitability PROF, the mean of net income to total assets equals 3.182%. For the leverage LEV which equals total debt to total assets, the mean 0.2518 is close to the mean of 0.20 reported by Chauvey et al (2014) and 0.2734 reported by Lakhal (2015) for the SBF 1230 French companies.…”

Section: Descriptive Statisticssupporting

confidence: 71%

A study of the determinants of environmental disclosure quality: evidence from French listed companies

2019

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“…That further improved the trust level of shareholders on financial system (Turegun&Kaya, 2016). Furthermore, Lakhal (2015) check 170 firms in France and observed improvement in CG practices in reducing EM in the firms.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Corporate Governance on Earning Management of Non-Financial Firms: Evidence from Pakistan

Khan¹,

Khan²,

Khan³

2021

IRMBR

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The main objective of the firm is to maximize the shareholder’s wealth; to achieve this objective the management indulge the earnings information by manipulation practices such practices reduce investors’ confidence. Furthermore, a hypothetical dispute recommends that a better quality of financial reporting reduce the information asymmetry, by refining the corporate governance compliance, result in reducing earnings management practices. Thus the main aim of this study is to explore the impact of corporate governance on earnings management by using panel data sample of 257 non-financial firms listed in Pakistan stock exchange for the period of 2012 to 2019 through Fixed effect model along with control variables. The results disclose that the CG system of Pakistan negatively and significantly impacts the EM activities of the companies registered in Pakistan stock exchange. Hence, concludes that the CG system is more effective to prevent the EM process. The entire results are seamless with prior research work that the effective CG scheme of the firms controls the EM and collapse of businesses. Keywords: Earnings Management, Corporate Governance, Corporate Governance Index.

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“…The benefits of high disclosure of forward-looking information also provide slim chances for tunnelling activities among politically-connected firms (Liu & Sun, 2010). It is also useful as a protective mechanism for minority shareholders, particularly in countries with weak protection of minority interests (Lakhal, 2015).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

The Effect of Political Connections on Forward- Looking Information Disclosure From the Perspective of the Stakeholder Salience Theory

Rusli¹,

Saleh

Hassan

et al. 2020

International Journal of Management Studies

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This study examines the effect of political connections (PCONS) on firms’ disclosure of forward-looking information choices in the context of developing countries. Using multivariate regression of panel data comprising 360 firmyear observations of non-financial firms listed on Bursa Malaysia between years 2014 and 2017, PCONS are found to be positively associated with disclosure of forward-looking information. However, such relationship only exists for non-financial forward-looking information. Using the stakeholder salience theory to further contribute to the body of knowledge, the strength of the connections suggests that a high composition of politically-connected directors on the board promotes greater information about the future in firms’ disclosure. The common connection through ownership of firms in emerging countries suggests the effective role of institutional shareholders in improving forecasting activities through high disclosure of forward-looking information. The study suggests a better appreciation of the hierarchical role of politically-connected directors on the board of types of forward-looking information presented to the stakeholders.

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Corporate Disclosure, Ownership Structure And Earnings Management: The Case Of French-Listed Firms

Cited by 17 publications

References 57 publications

A study of the determinants of environmental disclosure quality: evidence from French listed companies

A study of the determinants of environmental disclosure quality: evidence from French listed companies

The Impact of Corporate Governance on Earning Management of Non-Financial Firms: Evidence from Pakistan

The Effect of Political Connections on Forward- Looking Information Disclosure From the Perspective of the Stakeholder Salience Theory

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