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L'impact de la divulgation d'informations sur la liquidité du marché français
Ajina, Aymen; Sougné, Danielle; Lakhal, Faten
2012 • In Finance et Stratégies de Développement
Peer reviewed
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https://hdl.handle.net/2268/133809
 

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Keywords :
Liquidité du marché; asymétrie d’informations; communication financière
Abstract :
[en] This paper examines the relationship between the quality of financial disclosure and the French stock-market liquidity. Based on a sample of 196 firms over a period from 2004 to 2007, we find that there is a positive and statistically significant relationship between the quality of Annual Reports and market liquidity. This result should encourage French authorities to develop the informational environment as an indispensable means to prevent the risk of illiquidity.
Disciplines :
Finance
Author, co-author :
Ajina, Aymen ;  Université de Liège - ULiège > Doct. sc. écon. & gest. (sc. gestion - Bologne)
Sougné, Danielle ;  Université de Liège - ULiège > HEC-Ecole de gestion : UER > Gestion financière et consolidation
Lakhal, Faten
Language :
French
Title :
L'impact de la divulgation d'informations sur la liquidité du marché français
Alternative titles :
[en] The effects of corporate disclosures on the French-market liquidity
Publication date :
April 2012
Main work title :
Finance et Stratégies de Développement
Publisher :
Editions PUBLISUD, Paris, France
Pages :
25-38
Peer reviewed :
Peer reviewed
Additional URL :
http://editionspublisud.hautetfort.com/archive/2012/04/04/finance-et-strategies-de-developpement-sous-la-direction-de.html
Available on ORBi :
since 11 November 2012

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