Voluntary Financial Disclosure, Introduction of IFRS and the Setting of a Communication Policy: an Empirical Test on SBF French Firms Using a Publication Score

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Date
2010
Indexation documentaire
Economie financière
Subject
Financial communication; Information policy; Voluntary disclosure; Accounting transparency; Government policy and regulation
Code JEL
G3; M40; G38
Titre du colloque
9ème Conférence Internationale de Gouvernance
Date du colloque
05-2010
Ville du colloque
Metz
Pays du colloque
France
URI
https://basepub.dauphine.fr/handle/123456789/4205
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Auteur
de La Bruslerie, Hubert
Gabteni, Heger
Type
Communication / Conférence
Nombre de pages du document
37
Résumé en anglais
A publication score of voluntary disclosed information disclosed by French firms was built on the 2003-2007 period. This original set of data is used to analyze the impact of the introduction of IFRS standards scheduled in 2005. It is also used to identify the determinants of communication policies set by listed firms. The publication score, for some firms and not all of them, outlines that useful qualitative information is brought to the market. Particularly, we show that highly communicant firms will reduce the information asymmetry as measured by the dispersion of analysts’ forecasts of earning.