The Determinants of the Quality of Financial Information Disclosed by French Listed Companies
AbstractThis study examines the relationship between the quality of financial information disclosed and governance mechanisms on certain features of the board, ownership structure and control system for French companies listed on the SBF 250 for a period of five years from 2004 to 2008. The quality of financial information is approximated by the discretionary accruals and with a disclosure index with 78 items. The result shows a positive effect of certain variables such as the size of the board of directors, the members' attendance at Board meetings and the presence of the Big 4 and the presence of a dual listing.
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