Cormier, Denis; Andre, Paul; Charles-Cargnello, Emmanuelle - In: International Journal of Accounting, Auditing and … 1 (2004) 2, pp. 164-182
The focus of this study is to improve understanding of the incentives underlying a particular type of off-balance sheet financing: the non-consolidation of finance subsidiaries. We examine a sample of French firms that had finance subsidiaries during the 1990â1997 period. More than 32% of these...