The aim of our research is to study the relationship between the level of fiscal management through tax benefits realised by reinvested earnings and corporate value. We used theoretical arguments inspired by the hierarchical theory of financing where the management decision to tax relief through...

The quantity and quality of information generated through the development of lending relationships influences the bank's decision concerning granting of credit. Indeed, the need for a strong guarantee and the setting up of an adequate interest rate are not the only means that allow creditors to...

Prior studies suggest that auditor's industry specialisation are associated with highly earnings quality because the increase of client-specific knowledge. However, the effect of audit tenure on earnings quality is mixed. In this study, we examine whether auditor's industry specialisation affect...

The aim of this paper is to study the impact of voluntary information disclosure on cost of debt capital. Our survey has been achieved on a sample of 22 firms listed in the Tunis stock exchange over a period spanning from 1998 to 2004. The results confirm the existence of a negative and...

The aim of this paper is to study the impact of audit firm rotation on the audit quality (audit opinion and audit firm reputation), on a sample of all Tunisian listed firms. To move towards this objective, we used a logistic regression model on panel data over a period of 16 years (1995-2010)....

Purpose – The purpose of this paper is to examine the relationship between information asymmetry and the quality of the external audit in the Tunisian capital market. Design/methodology/approach – The paper uses panel data methodology. Findings – The results show that the bid-ask, a...

The recent financial scandals put into question the traditional evaluation approach of financial quality. Now, the quality of financial information is tackled through audit process. The legislator interfered through the various laws reinforcing in this way internal control. In this paper, we...

Over the years, the number of firms acknowledging adherence to international financial reporting standards (IFRS) has increased steadily. This study examines firm-specific characteristics of Tunisian companies that have voluntarily prepared their financial reports using IFRS. The purpose is for...

The usefulness of audit report and the effectiveness of a qualified audit opinion in communicating information about the outcome of audit engagement represent an ongoing debate in the auditing profession. Our research contributes to this important debate by providing experimental evidence...

This study investigates the effect of modified audit opinions on the emerging Tunisian Stock Market. The empirical association between qualified audit opinion and stock market reaction has been studied extensively in the accounting literature and reported mixed results. By using the cumulative...