Publications of Nabila Boussaid
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See detailConditional Conservatism and Analyst Forecast Consistency
Boussaid, Nabila ULiege; Sougné, Danielle ULiege

Scientific conference (2018, May 22)

This paper investigates the effect of accounting conservatism on the consistency of analysts’ forecasts. Existing studies do not address the question of whether accounting conservatism generates useful ... [more ▼]

This paper investigates the effect of accounting conservatism on the consistency of analysts’ forecasts. Existing studies do not address the question of whether accounting conservatism generates useful outcomes for market participants other than debtholders. Using a large sample of French firms from 2001-2016, we show that enhances in accounting conservatism yield more accurate and less dispersed earnings forecasts. Furthermore, our study provides evidence of a negative link between accounting conservatism and volatility in forecast revisions. Indeed, our findings are significantly robust to alternative measures of the dependent variable. Overall, our analysis documents strongly support the view that conservatism is consistently useful for financial analyst forecasts. Our empirical findings have practical implications for market participants who are sensitive to the quality of corporate disclosure and the mitigation of information asymmetry. [less ▲]

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See detailThree Essays on Conditional Accounting Conservatism
Boussaid, Nabila ULiege

Doctoral thesis (2017)

Accounting conservatism is one of the oldest concepts in accounting, yet it is one of the most controversial topics nowadays. While there is little debate on the existence of accounting conservatism ... [more ▼]

Accounting conservatism is one of the oldest concepts in accounting, yet it is one of the most controversial topics nowadays. While there is little debate on the existence of accounting conservatism practices, the drivers and the implications of these accounting practices show considerable divergence between accounting researchers and standard setters (such as FASB/IASB). In their 2010 conceptual frameworks, the FASB and IASB removed conservatism from the qualitative characteristics of financial reporting. This decision has been the subject of considerable criticism from accounting researchers and has sparked a new debate on the mechanisms driving accounting conservatism as well as its benefits to market participants. This dissertation contributes to this new debate by providing three empirical essays on accounting conservatism. The first essay (Chapter 2) is part of the literature investigating the relation between accounting conservatism and corporate governance mechanisms. It documents that board attributes are important determinants of conservatism in financial reporting of French firms. The second essay (Chapter 3) extends the previous study and examines how the relation between board attributes and accounting conservatism varies across three European countries, namely, France, Germany and the UK. This essay emphasizes that the relationship between board characteristics and accounting conservatism is country dependent. Taken together, these two essays expand our understanding of how corporate governance mechanisms influence accounting quality. The third essay (Chapter 4) focuses rather on the informational benefits of accounting conservatism to financial market participants. This essay shows, in particular, that accounting conservatism improves the performance of analysts’ forecasts as well as the stock market liquidity. Overall, the main message to take away from this research is that accounting conservatism is closely related to corporate governance mechanisms and offers a powerful tool to provide verifiable information. [less ▲]

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See detailAccounting conservatism, analysts’ performance and stock market liquidity
Boussaid, Nabila ULiege; Hamza, Taher; Sougné, Danielle ULiege

Conference (2016, July 11)

This paper investigates whether conditional accounting conservatism has informational benefits to financial market participants. Using a large sample of French firms over the period 2001-2014, we report ... [more ▼]

This paper investigates whether conditional accounting conservatism has informational benefits to financial market participants. Using a large sample of French firms over the period 2001-2014, we report that accounting conservatism improves the firm information environment by providing verifiable information. We specifically document that increases in accounting conservatism are associated with more accurate analyst earnings forecasts, less dispersed forecasts and less volatility in forecast revisions. We also provide evidence that increases in firm accounting conservatism lead to subsequent increases in stock market liquidity, tested on the price impact dimension. Overall, our findings are in line with conservatism being useful to financial markets participants such as financial analysts and investors. [less ▲]

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See detailAccounting Conservatism, Analysts’ Performance and Stock Market Liquidity
Boussaid, Nabila ULiege; Hamza, Taher; Sougné, Danielle ULiege

Conference (2016, May 23)

This paper investigates whether conditional accounting conservatism has informational benefits to financial market participants. Using a large sample of French firms over the period 2001-2014, we report ... [more ▼]

This paper investigates whether conditional accounting conservatism has informational benefits to financial market participants. Using a large sample of French firms over the period 2001-2014, we report that accounting conservatism improves the firm information environment by providing verifiable information. We specifically document that increases in accounting conservatism are associated with more accurate analyst earnings forecasts, less dispersed forecasts and less volatility in forecast revisions. We also provide evidence that increases in firm accounting conservatism lead to subsequent increases in stock market liquidity, tested on the price impact dimension. Overall, our findings are in line with conservatism being useful to financial markets participants such as financial analysts and investors. [less ▲]

Detailed reference viewed: 63 (4 ULiège)
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See detailAccounting Conservatism, Analysts’ Performance and Stock Market Liquidity
Boussaid, Nabila ULiege; Hamza, Taher; Sougné, Danielle ULiege

Scientific conference (2016, April 15)

This paper investigates whether conditional accounting conservatism has informational benefits to financial market participants. Using a large sample of French firms over the period 2001-2014, we report ... [more ▼]

This paper investigates whether conditional accounting conservatism has informational benefits to financial market participants. Using a large sample of French firms over the period 2001-2014, we report that accounting conservatism improves the firm information environment by providing verifiable information. We specifically document that increases in accounting conservatism are associated with more accurate analyst earnings forecasts, less dispersed forecasts and less volatility in forecast revisions. We also provide evidence that increases in firm accounting conservatism lead to subsequent increases in stock market liquidity, tested on the price impact dimension. Overall, our findings are in line with conservatism being useful to financial markets participants such as financial analysts and investors. [less ▲]

Detailed reference viewed: 139 (2 ULiège)
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See detailCorporate Board Attributes and CAC: A Comparative Study of France, Germany and UK
Boussaid, Nabila ULiege; Sougné, Danielle ULiege; Hamza, Taher

Conference (2015, October 16)

This paper investigates the impact of corporate board of directors’ (supervisory) attributes on conditional accounting conservatim in the French, German and British contexts. Using pooled regression model ... [more ▼]

This paper investigates the impact of corporate board of directors’ (supervisory) attributes on conditional accounting conservatim in the French, German and British contexts. Using pooled regression model over the period 2009-2012, our findings report that the relationship between corporate board attributes and accounting conservatism is country dependent. First, regarding the board composition, we find that the effect of board size is positive for German firms, negative for French firms and insignificant for British firms. We also document a positive association between board independence and accounting conservatism for British firms. However, we find no evidence of a positive association between employee seats on the supervisory board and earnings conservatism in German context. Second, female seats on board seem to increase conservative reporting in financial statement only for French firms. Lastly, board meeting frequency in French and British firms appears to increase accounting conservatism. As a robustness test, we use an alternative measure of accounting conservatism namely, time–series of earnings changes measure and confirm the previous results. Overall, our results reveal that corporate board affects the financial reporting quality. [less ▲]

Detailed reference viewed: 44 (6 ULiège)
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See detailCorporate Board Attributes and CAC: A Comparative Study of France, Germany and UK
Boussaid, Nabila ULiege; Hamza, Taher; Sougné, Danielle ULiege

Conference (2015, September 14)

This paper investigates the impact of corporate board of directors’ attributes on conditional accounting conservatim in the French, German and British contexts. Using pooled regression model over the ... [more ▼]

This paper investigates the impact of corporate board of directors’ attributes on conditional accounting conservatim in the French, German and British contexts. Using pooled regression model over the period 2009-2012, our findings report that the relationship between corporate board attributes and accounting conservatism is country dependent. First, regarding the board composition, we find that the effect of board size is positive for German firms, negative for French firms and insignificant for British firms. We also document a positive association between board independence and accounting conservatism for British firms. However, we find no evidence of a positive association between codetermination and earnings conservatism in German context. Second, female seats on board seem to increase conservative reporting in financial statement only for French firms. Lastly, board meeting frequency in French and British firms appears to increase accounting conservatism. As a robustness test, we use an alternative measure of accounting conservatism namely, time–series of earnings changes measure and confirm the previous results. Overall, our results reveal that corporate board affects the financial reporting quality. [less ▲]

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See detailCorporate board attributes and conditional accounting conservatism: Evidence from French firms
Boussaid, Nabila ULiege; Sougné, Danielle ULiege; Hamza, Taher

in Journal of Applied Business Research (2015), Vol 31, No 3 (2015)

We investigate the relationship between corporate board of directors’ attributes and conditional accounting conservatism in the French context. Using a pooled regression model over the period 2009-2012 ... [more ▼]

We investigate the relationship between corporate board of directors’ attributes and conditional accounting conservatism in the French context. Using a pooled regression model over the period 2009-2012, our empirical results can be summarized as follows. First, greater board activity encourages more conservative reporting in financial statements. Second, larger board size diminishes conditional accounting conservatism. Lastly, there is a positive association between gender diversity and accounting conservatism. As a robustness test, we use alternative measures of accounting conservatism, namely time series and accrual-based measures in addition to asymmetric timeliness of earnings. Our findings suggest that boards of directors’ attributes are an important factor in determining the financial reporting quality of French firms. [less ▲]

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See detailCorporate Board Attributes and Conditional Accounting Conservatism Evidence from French Firms
Boussaid, Nabila ULiege; Sougné, Danielle ULiege; Hamza, Taher

Conference (2014, December 16)

In this paper we investigate the relationship between boards of directors’ attributes and conditional accounting conservatism in the French context. Using a pooled regression model to evaluate this ... [more ▼]

In this paper we investigate the relationship between boards of directors’ attributes and conditional accounting conservatism in the French context. Using a pooled regression model to evaluate this relationship for the period 2009-2012, our empirical results can be summarized as follows. Firstly, greater board activity encourages more conservative reporting in financial statements. Secondly, greater board size diminishes conditional accounting conservatism. Lastly, there is a positive relationship between gender diversity and conservatism. To ensure robustness we have calculated our results usingalternative measures of accounting conservatism, namely time series and accrual-based measures in addition to asymmetric timeliness of earnings. These findings suggest that boards of directors’ attributes are an important factor in determining the financial reporting quality of French firms. [less ▲]

Detailed reference viewed: 663 (6 ULiège)
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See detailCorporate board attributes and conditional accounting conservatism: Evidence from French firms
Boussaid, Nabila ULiege; Sougné, Danielle ULiege; Hamza, Taher

E-print/Working paper (2014)

In this paper we investigate the relationship between boards of directors’ attributes and conditional accounting conservatism in the French context. Using a pooled regression model to evaluate this ... [more ▼]

In this paper we investigate the relationship between boards of directors’ attributes and conditional accounting conservatism in the French context. Using a pooled regression model to evaluate this relationship for the period 2009-2012, our empirical results can be summarized as follows. Firstly, greater board activity encourages more conservative reporting in financial statements. Secondly, greater board size diminishes conditional accounting conservatism. Lastly, there is a positive relationship between gender diversity and conservatism. To ensure robustness we have calculated our results using alternative measures of accounting conservatism, namely time series and accrual-based measures in addition to asymmetric timeliness of earnings. These findings suggest that boards of directors’ attributes are an important factor in determining the financial reporting quality of French firms. [less ▲]

Detailed reference viewed: 56 (4 ULiège)
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See detailBoard attributes and accounting conservatism: Evidence from French firms
Boussaid, Nabila ULiege; Sougné, Danielle ULiege; Hamza, Taher

Conference (2014, July)

Detailed reference viewed: 84 (16 ULiège)
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See detailBoard attributes and conditional conservatism: Evidence from French firms
Boussaid, Nabila ULiege; Sougné, Danielle ULiege; Hamza, Taher

Conference (2014, May 30)

Detailed reference viewed: 28 (7 ULiège)