Divulgation volontaire d’informations non-financières et valorisation boursière des firmes

Félix Zogning

Abstract


Cet article discute de l’impact de la divulgation volontaire des indices de performance non-financiers sur la valeur marchande de diverses entreprises. Les résultats, basés sur plusieurs méthodes de recherche, indiquent que la divulgation volontaire d’informations non-financières concernant la performance organisationnelle diminue de manière significative l’assymétrie des informations en ce qui concerne les valeurs. De plus, la divulgation volontaire de cette sorte a aussi augmenter la valeur marchande des compagnies. 

This paper discusses the impact of voluntary disclosure of non-financial performance indicators on the market value of different firms. Based on mixed methods research, the results show that voluntary disclosure of non-financial information on organizational performance significantly diminishes the information asymmetry with regard to securities. Such voluntary disclosure has also increased the market values of companies. 

©Journal of Professional Communication, all rights reserved.


Keywords


divulgation volontaire; information non-financière; performance organizationnelle; gestion de la réputation; voluntary disclosure; non-financial information; organizational performance; reputation management

Full Text:

PDF


DOI: https://doi.org/10.15173/jpc.v4i1.2618


Félix Zogning
Université du Québec en Outaouais
Canada