L’effet Du Conservatisme Comptable Sur l’investissement
The objective of this article is to study the effect of accounting conservatism on the efficiency of investments. The results of research conducted on a sample of 300 listed French companies over a period of 2013 to 2018 revealed that the majority of companies are conservative in their information. Richardson’s model indicated that companies in overinvested represent 55%, while underinvested companies represent 45% of the sample set. The result also shows that there is a relationship negatively significant between accounting conservatism and overinvestment and underinvestment. Moreover, there is a positive relationship between conservatism accounting and debt financing in companies with a problem of underfunding. investment.
