Study of determinants of financial disclosure quality of SBF 120 companies: an approach logit Ali Ahmadi, Abdelfettah Bouri
1. Assist Prof. Finance and accounting methods. Higher Institute of Business Administration of Gafsa, Tunisia. email: ahmadi2402[at]gmail.com.
2. Prof. Finance. Faculty of economics and management Sfax. University Sfax, Tunisia.
Abstract
This study examines the relationship between the quality of financial disclosure and governance mechanisms on the characteristics of the financial market, board of directors, ownership structure and control system of French companies listed on the SBF 120 for a period six years from 2008 to 2013. The financial disclosure quality is approximated by a disclosure index of 90 items. The result show that a company can have a quality financial disclosure is endowed with the existence of a high number of financial analysts who follow a listing on an American stock exchange and a capital structure is dispersed. The shareholders of the institutional hold a significant share in the capital of the companies, the significant foreign shareholders
Keywords: financial disclosure quality, board of directors, ownership structure, financial market, duality of functions.
Topic: Accounting and management information system
