External audit quality and transparency of financial communication: the impact of institutional ownership of listed Tunisian firms
DOI:
https://doi.org/10.59051/joaf.v8i1.74Abstract
This paper is devoted to the study of the impact of audit quality and institutional ownership on the transparency of financial communication. The empirical study, relates on a sample of 30 firms in the Tunis Stock Exchange observed over the period (2005-2011),confirms the positive effect of the auditor's reputation on the transparency of financial communication. The results also show that companies with a good financial publication are audited by auditors whose terms of office do not exceed 3 years. Moreover, we find that the interaction between the quality of the audit and the presence of institutional shareholders has an effect on the improvement of the transparency index. This test shows that the impact of the quality of the external audit on the transparency of the information is positive and significant for the companies whose participation of the institutional investors in the capital is strong
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Copyright (c) 2017 Leila GHARSELLAOUI, Anis JARBOUI
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