Dividend Policy and Earnings Quality: the French Evidence - Université Polytechnique des Hauts-de-France Accéder directement au contenu
Communication Dans Un Congrès Année : 2021

Dividend Policy and Earnings Quality: the French Evidence

Résumé

This study examines the impact of dividend policy on earnings quality in the French context. Using 10 measures of earnings quality, we find a positive relation between dividend-paying policy and earnings quality, for measures of earnings quality based on accruals earnings, earnings time-series and investor responsiveness to earnings. We also observe that dividend payers smooth earnings more aggressively than dividend non-payers do. Additional analyses show that dividend payers use accruals to smooth earnings and strengthen earnings persistence. Our results reconcile the findings of previous studies, and question the particular status of smoothing among earnings management behaviors. They suggest that smoothing may be a desirable practice of earnings management (Graham et al 2005), supporting dividend policy.
Fichier non déposé

Dates et versions

hal-04389466 , version 1 (11-01-2024)

Identifiants

  • HAL Id : hal-04389466 , version 1

Citer

Ghassen Allani, Yves Mard. Dividend Policy and Earnings Quality: the French Evidence. 42è Congrès Association Francophone de Comptabilité, EM Lyon, Jun 2021, Lyon, France. ⟨hal-04389466⟩
17 Consultations
0 Téléchargements

Partager

Gmail Facebook X LinkedIn More