IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 2 NO. 8 2016

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The Effect of Governance Mechanisms on the Disclosure of IAS/IFRS Information: The Cases of Tunisia, France and Canada

Dr. Hedi Baazaoui and Prof.Dr. Mohamed Ali Zaraï

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Abstract

In this study, the effect of governance mechanisms on the disclosure of IAS/IFRS information has been studied in conjunction with the national context. Thus, we worked on the companies belonging to different trading indices and from countries with cultures and different economic development levels. The selected countries are Tunisia, France and Canada. Our sample includes 52 Tunisian companies (40 listed on the first market and 12 on the alternative market), 244 French companies (35 CAC40 Index (top 40 French firms) and 209 CACsmall (index of French firms Small Cap)) and 223 Canadian companies (36 ^TX60 (first 60 Canadian companies) and 187 small-cap Canadian firms (^TX20 index)). The duality is the dominant variable in the explanation of the disclosure of IAS/IFRS information followed by the board size, the diversity in gender, the presence of foreign members, proxies of nationality France and Canada, the presence of controlling shareholders, the power of creditors, the audit committee, the nomination committee, the proportion of independent directors and the Compensation Committee. Our results showed that the determinants of disclosure of IAS/IFRS information will vary depending on the nationality of the firm and also showed the importance of the nationality of the firm in explaining disclosed information since the proxy used "country" has significant coefficients

governance mechanisms, nationality of the firm, information disclosure, IAS/IFRS

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