The governance role of the financial information: empirical evidence in the Tunisian context
by Nesrine Klai; Abdelwahed Omri
Afro-Asian J. of Finance and Accounting (AAJFA), Vol. 2, No. 4, 2011

Abstract: This paper examines the sensitivity of the governance mechanisms to the financial information quality in an emerging context which is the Tunisian market. It focuses mainly on the characteristics of the board of directors and the ownership structure in order to determine the principal governance mechanisms in the Tunisian firms. Using a multivariate analysis of variance for a sample of 22 firms listed on the Tunis Stock Exchange, we find that the accounting quality affects the implementation of the governance mechanisms in the Tunisian firms. Particularly, the irrelevance of the financial reporting increases the control by the foreigners, the families and the blockholders and reduces the presence of the State and the financial institutions in the Tunisian firms. Our findings confirm the governance role of the accounting information in the Tunisian market.

Online publication date: Mon, 18-Mar-2013

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