Gestion des résultats, seuils comptables et gouvernance d’entreprise : le cas des sociétés françaises

Hamdi, Badreddine; Mejri, Tarek; Haloua, Sameh

doi:10.4000/fcs.2838

Cited by 5 publications

(4 citation statements)

References 64 publications

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“…In fact, the ICB code is an industrial classification code that replaced the Financial Times Stock Exchange and Dow Jones classification system. It constitutes the sector classification used by Euronext from 2005 for companies listed in Paris ( Hamdi et al, 2018 ) and stock market participants and investors .…”

Section: Methodsmentioning

confidence: 99%

Dividend policy, earnings management and the moderating effect of corporate governance in the French context

Salah

Jarboui

2021

JFEP

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Purpose The purpose of this paper is to examine the moderating effect of corporate governance on the impact of earnings management on dividend policy. Design/methodology/approach In this paper, the authors selected French non-financial companies listed on the CAC All Tradable index during the 2008–2015 period. Feasible generalized least square regression method is used to estimate the econometric models. Findings The empirical results allowed the authors to confirm and/or reject certain hypotheses. First, the ownership concentration seems to positively moderate the impact of earnings management on dividend policy. Another conclusion that the authors have been able to draw is that the effect of earnings management on dividend policy is more favorable in the case of firms with a small director’s board. Practical implications Our results have shown that French firms run earnings to inform the market that they can distribute dividends. Therefore, we recommend that the various partners of the firm pay more attention to the governance mechanisms of these types of companies and, in particular, in countries where foreign investors suffer from weak legal protection (Easterbrook, 1984; Gomes, 2000; La Porta et al., 2000 and Athari et al., 2016). In fact, standardization bodies, the Ministry of Finance, external auditors and stock exchange organizer must focus on sophisticated governance mechanisms to ensure better quality of financial reporting. Originality/value To our knowledge, no other research has examined whether the impact of earnings management on dividend policy varies significantly with the moderating effect of certain governance mechanisms in France.

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Section: Methodsmentioning

confidence: 99%

Dividend policy, earnings management and the moderating effect of corporate governance in the French context

Salah

Jarboui

2021

JFEP

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Section: Methodsmentioning

confidence: 99%

“…However, this crisis does not appear to significantly affect our results, given that the CAC All-Tradable index is characterized by certain stability in its composition. Additionally, listed companies have a relatively lower mortality rate than unlisted companies (Hamdi et al, 2018). Pathak and Gupta (2022) have demonstrated that this crisis period primarily influenced the dividend payment policy of companies in developing countries.…”

Section: Methodsmentioning

confidence: 99%

The relationship between dividend policy and earnings management: a causality analysis

Ben Salah,

Jarboui

2024

JEFAS

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PurposeThe objective of this paper is to investigate the direction of the causal relationship between dividend policy (DP) and earnings management (EM).Design/methodology/approachThis research utilizes the panel data analysis to investigate the causal relationship between EM and DP. It provides empirical insights based on a sample of 280 French nonfinancial companies listed on the CAC All-Tradable index during the period of 2008–2015. The study initiates with a Granger causality examination on the unbalanced panel data and employs a dynamic panel approach with the generalized method of moments (GMM). It further estimates the empirical models simultaneously using the three-stage least squares (3SLS) method and the iterative triple least squares (iterative 3SLS) method.FindingsThe estimation of our various empirical models confirms the presence of a bidirectional causal relationship between DP and EM.Practical implicationsOur study highlights the prevalence of EM in the French context, particularly within DP. It underscores the need for regulatory bodies, the Ministry of Finance, external auditors and stock exchange organizers to prioritize governance mechanisms for improving the quality of financial information disclosed by companies.Originality/valueThis research is, to the best of our knowledge, the first is to extensively investigate the reciprocal causal relationship between DP and EM in France. Previous studies have not placed a significant emphasis on exploring this bidirectional link between these two variables.

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“…Firm size is asserted to have a significant upshot on earnings management practices (Alqatamin et al, 2017). The studies of Jiang et al (2013), Hamdi et al (2019), andKouaib et al (2018) find that firm size is positively associated with EM level. Thus, the variable firm size is measured using the log of total assets (SIZE).…”

Section: Data Collection and Sample Selectionmentioning

confidence: 99%

Do CEO duality and expertise affect earnings management behavior? The moderating effect of family ownership

Oussii

Klibi²

2023

JFBM

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PurposeThis study aims to analyze whether chief executive officer (CEO) duality and financial expertise are associated with earnings management to exceed thresholds. It also investigates to what extent and in what direction this association evolves when family ownership is introduced as a moderator variable.Design/methodology/approachBased on balanced panel data related to companies listed on the Tunis Stock Exchange, this study uses the logistic random-effect model to test research hypotheses during the period spanning from 2016 to 2021.FindingsThe results show that CEOs with financial expertise are less inclined to engage in earnings management to avoid reporting losses and earnings decline. The authors also provide evidence that CEO duality allows top management to be more powerful and, therefore, manage earnings to report positive profits and sustain recent performance. Furthermore, the authors find that family ownership moderates the association between CEO financial expertise, CEO duality and earnings management to exceed thresholds.Practical implicationsThe findings suggest to regulators involved in corporate governance and earnings management issues a reflection on CEO duality power, board effectiveness and family control. The study results are also of interest to auditors and board members as they provide a more in-depth understanding of the impact of CEOs' attributes and family control on financial reporting decisions.Originality/valueThis study extends past literature by providing new insights into the effect of CEO attributes and family control on earnings management practices in weak investor protection countries such as Tunisia.

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Gestion des résultats, seuils comptables et gouvernance d’entreprise : le cas des sociétés françaises

Cited by 5 publications

References 64 publications

Dividend policy, earnings management and the moderating effect of corporate governance in the French context

Dividend policy, earnings management and the moderating effect of corporate governance in the French context

The relationship between dividend policy and earnings management: a causality analysis

Do CEO duality and expertise affect earnings management behavior? The moderating effect of family ownership

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