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E3 Journal of Business Management and Economics

E3 Journal of Business Management and Economics Vol. 5 (2) pp. 030-038, February 2014; © E3 Journals; ISSN 2141-7482


Quality of financial reports: Evidence from the Tunisian firms

Emna JABALLAH1 * , Wided YOUSFI2 , Mohamed Ali ZARAI3
1 University of Sousse
2 IUT de Montpellier and at Fiesta in the ISG de Tunis
3 Al-Baha University KSA
*Corresponding Author E-mail: emnajaballah@hotmail.com
Accepted 3 February 2014

Abstract

This paper studies the effect of the quality of annual reports on investor’s decisions in the Tunisian financial market. We measure the qualities of content and form of financial reports and their effects on investors’ decisions, particularly on stock prices. We used a sample of 175 publications between 2006 and 2010. Our results provide strong evidence that the content’s effect is higher than the form’s effect in making decisions.

Keywords: Quality report, market reaction, asymmetric information, stock price.

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