0000000001285813

AUTHOR

Badreddine Hamdi

showing 3 related works from this author

Investor Sentiment and Accruals Anomaly

2017

This paper examines whether investors’ sentiment affectsaccruals anomaly across 15 European countries. In line with recent evidence for the U.S., we find that sentiment causes accruals mispricing across European countries. The effect is pronounced for stocks whose valuations are highly subjective and difficultto arbitrage. Our results also reveal evidence in favor of managers' opportunistic disclosure behavior. The accruals reported are higher in high sentiment periods as compared with low sentiment periods. Our cross-country analysisprovidesevidence that sentiment influences accruals anomaly in countries with weaker outside shareholder rights, lower legal enforcement, lower equity market d…

Accruals managementCross-country study[SHS.GESTION] Humanities and Social Sciences/Business administrationInvestors’ sentimentAccruals anomaly
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Earnings management to exceed thresholds in continental and Anglo-Saxon accounting models: The British and French cases

2017

International audience; The purpose of this paper is to compare the extent to which French and British firms manage their earnings in order to avoid losses, decreases in earnings and earnings below the forecasts of analysts. Further, this study aims to investigate the factors that potentially influence earnings management to exceed thresholds with reference to the Anglo-Saxon and continental accounting models. Britain and France, correspondingly, belong to those different socio-economic environments. Based on a panel data of 1771 French and 2057 British firm-year observations during the period 2002–2012, we show that all firms considered manage earnings to beat zero and last year’s earnings…

educationAccountingEarnings managementIFRS0502 economics and businessEconomics[ SHS.GESTION ] Humanities and Social Sciences/Business administrationhealth care economics and organizationsEarnings response coefficient050208 financeAnalysts’ earnings forecastsEarningsCorporate governanceEarnings per sharebusiness.industryCorporate governance05 social sciences050201 accountingPost-earnings-announcement driftIncentiveEarnings management8. Economic growthBusiness Management and Accounting (miscellaneous)[SHS.GESTION]Humanities and Social Sciences/Business administrationThresholdsbusinessFinancePanel data
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Valeur boursière versus valeur comptable

2011

International audience; Cet article a pour objet d’apporter une explication à l’écart constaté entre la valeur comptable et la valeur boursière des sociétés. Nous avons supposé qu’il peut être expliqué par l’irrationalité et « l’auto-référentialité » du marché, ainsi que par l’incapacité du modèle comptable traditionnel à traduire la valeur de la firme. Nos résultats corroborent la majorité de nos hypothèses et montrent que la distorsion entre la valeur comptable et la valeur boursière est une conséquence directe de la comptabilité au coût historique, de la prudence comptable, de la non-activation des certains éléments immatériels, ainsi que de la mauvaise évaluation (mispricing) des titres…

intangible assetsaccounting conservatismBook-to-market ratioRatio book-to-marketinvestors irrationalityactifs immatérielsinvestisseurs[SHS.GESTION]Humanities and Social Sciences/Business administrationhistorical cost[SHS.GESTION] Humanities and Social Sciences/Business administration
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