European Business Schools Librarian's Group

Les Cahiers de Recherche,
HEC Paris

No 798: Disclosure and determinants studies : an extension using the divisive clustering method (DIV)

Yuan DING , Hervé STOLOWY (), Linghui FU and Huiwen WANG
Additional contact information
Linghui FU: Beihang University, Postal: Beijing, P.R. China
Huiwen WANG: Beihang University, Postal: Beijing, P.R. China

Abstract: The objective of this paper is to introduce a divisive (descendant) clustering method which splits the sample into homogeneous sub-groups corresponding to disclosure patterns (or profiles), for clearer determination of the financial characteristics of each group. This methodology is illustrated by a study of disclosure on provisions by large French firms. The results show that the disclosure pattern is related to provision intensity, size, leverage, profit and maket expectation, but not to return and industry. This new research method is a valuable complement to expand on disclosure and determinants studies, moving from disclosure levels to disclosure patterns.

Keywords: disclosure; determinants; provisions; France; size; clustering method

JEL-codes: M41

34 pages, December 1, 2004

Full text files

CR798stoloding.pdf PDF-file 

Download statistics

Questions (including download problems) about the papers in this series should be directed to Antoine Haldemann ()
Report other problems with accessing this service to Sune Karlsson ().

This page generated on 2018-02-22 16:52:56.