Considering that the level of the association between stock returns and accounting earnings provides a measure of the extent to which earnings summarize the information which is useful for firm valuation, this paper analyses the contemporaneous association between stock returns and earnings...

The relationship between accounting information and capital markets has been the subject of numerous studies, especially in the US. The purpose of this article is to examine the corresponding evidence in Europe. This review classifies the European literature into three groups: studies of the...

[eng] The volatility of the foreign exchange of the late 1970's and, so far, the 1980's has caused oil petroleum producers some great financial problems. The aim of this article is to present how « currency cocktail », like Special Drawing Right (SDR), could minimize, or hedge, foreign...

Since 2005, all European Union listed firms comply with IFRS. The resulting mandatory changes in accounting methods have substantially affected reported earnings. Using the factSet/JCF database that collects 2005 earnings forecast based on both IFRS and local GAAP for a set of European listed...

Cette recherche a pour objectif d'étudier l'impact de certaines structures de gouvernance (à savoir la structure de propriété, l'endettement et la composition du conseil d'administration) sur la demande d'une meilleure qualité d'audit externe. Nous appréhendons la qualité d'audit dans le...

Partant du principe que le résultat comptable résulte, d'une part, de la confrontation de produits et de charges difficilement manipulables parce qu'ils proviennent d'opérations ayant généré des flux au cours de l'exercice et, d'autre part, de la confrontation de produits et de charges...

In the recent years, the US and the EC have witnessed the adoption of new regulations focused on financial analysts. This study investigates whether the European regulations, known as the Market Abuse Directive (MAD) changed the distribution of recommendations and increased their credibility...

We investigate the effects of mandatory IRS adoption in th EU on accounting conversation, an essential feature of earning quality, and the way large audit firms(big 4) interact with it.