Divulgation volontaire d’informations non-financières et valorisation boursière des firmes
DOI :
https://doi.org/10.15173/jpc.v4i1.2618Mots-clés :
divulgation volontaire, information non-financière, performance organizationnelle, gestion de la réputation, voluntary disclosure, non-financial information, organizational performance, reputation managementRésumé
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.
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