Faten Lakhal

@article{benkraiem_1131,

title = {International diversification and corporate cash holding behavior: What happens during economic downturns ?},

author = {Ramzi Benkraiem and Faten Lakhal and C. Zopounidis},

url = {https://www.sciencedirect.com/science/article/abs/pii/S0167268119303993},

year  = {2020},

date = {2020-02-01},

journal = {Journal Of Economic Behavior & Organization},

volume = {170},

pages = {362-371},

abstract = {This study uses fixed-effect regressions estimated with heteroskedasticity-consistent standard errors to investigate the effect of international diversification on corporate cash holding behavior of French-listed firms during economic downturns. The findings show that internationally diversified firms are less inclined to save cash out of their cash flows than their undiversified counterparts. However, during economic downturns, the relationship shifts and shows that international diversification is positively associated with the propensity of firms to save cash out of their cash flows. The negative relationship between international diversification and the propensity of firms to save cash out of their cash flows suggests that risk-reducing effects coupled with easy access to external finance prevail over the high agency costs and information asymmetry associated with international companies. However, during economic slumps, this relationship becomes positive, highlighting a significant influence of the financial crisis on internationally diversified firms relative to their stand-alone counterparts. Thus, this study should provide useful insights for academics, practitioners as well as financial regulators.},

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pubstate = {published},

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}

@article{ajina_1035,

title = {Does Corporate Social Responsibility Reduce Earnings Management? The Moderating Role of Corporate Governance and Ownership},

author = {Aymen Ajina and Faten Lakhal and Sabrine Ayed},

url = {https://id.erudit.org/iderudit/1060030ar CopiedAn error has oc},

year  = {2019},

date = {2019-09-01},

journal = {Management International},

volume = {23},

number = {2},

pages = {45-55},

abstract = {The purpose of this paper is to investigate the relationship between corporate social responsibility and earnings management and the moderating effect of corporate governance and ownership structure on this relationship. Using panel data for a sample of French listed companies between 2010 and 2013, we find that CSR engagementconstrain earnings management practices suggesting that managers would comply with the ethical requirements and satisfy stakeholders' interests. The results also show that the effect of CSR on earnings management is particularly stronger in more independent boards and with high institutional ownership structure. These corporate governance devices help mitigating managerial opportunistic behavior.},

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pubstate = {published},

tppubtype = {article}

}

@article{zorgati_1090,

title = {Financial contagion in the subprime crisis context: A copula approach},

author = {Imen Zorgati and M. Zaabi and Faten Lakhal},

url = {https://www.sciencedirect.com/science/article/pii/S1062940818302389},

year  = {2019},

date = {2019-01-01},

journal = {North American Journal Of Economics And Finance},

volume = {47},

pages = {269-282},

abstract = {The purpose of this paper is to shed light on the effect of family ownership on corporate tax avoidance. It also investigates whether audit quality affects tax avoidance practices by family firms},

keywords = {},

pubstate = {published},

tppubtype = {article}

}

@article{lakhal_1036,

title = {The cash flow sensitivity of cash in family firms: does the board of directors matter?},

author = {Faten Lakhal and Assil Guizani and Nadia Lakhal},

url = {https://www.emerald.com/insight/content/doi/10.1108/MF-10-2017-0440/full/html},

year  = {2018},

date = {2018-11-12},

journal = {Managerial Finance},

volume = {44},

number = {11},

pages = {1364-1380},

abstract = {The purpose of this paper is to shed light on the effect of French family control on the cash flow sensitivity of cash (CFSC). It also investigates the moderating effect of board of directors' features on this relation.},

keywords = {},

pubstate = {published},

tppubtype = {article}

}

@article{benkraiem_1092,

title = {Board independence, gender diversity and CEO compensation},

author = {Ramzi Benkraiem and Amal Hamrouni and Faten Lakhal and Nadia Toumi},

url = {https://www.emerald.com/insight/content/doi/10.1108/CG-02-2017-0027/full/html},

year  = {2017},

date = {2017-10-01},

journal = {Corporate Governance: the international journal of business in society},

volume = {17},

number = {5},

pages = {845-860},

abstract = {The purpose of this paper is to analyze the moderating effect of corporate governance and ownership features in lessening earnings management practices in a free cash flow (FCF) situation. A simultaneous equations model is developed to address endogeneity of the FCF variable. Based on a sample of French companies belonging to the SBF 120 index from 2001 to 2010, the results highlight the opportunistic behavior of managers in presence of free cash flows. Particularly, managers engage in earnings management practices that increase reported earnings. Our results also show that corporate governance mechanisms such as audit committee independence and external audit quality, in addition to institutional investors and managerial ownership reduce the extent of earnings management. Corporate governance mechanisms are substitutive in their monitoring role of managers' behavior to reduce earnings management in presence of a free cash flow problem.},

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pubstate = {published},

tppubtype = {article}

}

@article{gaaya_1091,

title = {Does family ownership reduce corporate tax avoidance},

author = {Safa Gaaya and Faten Lakhal and Nadia Lakhal},

url = {https://www.emerald.com/insight/content/doi/10.1108/MAJ-02-2017-1530/full/html},

year  = {2017},

date = {2017-07-01},

journal = {Managerial Auditing Journal},

volume = {32},

number = {7},

pages = {731-744},

abstract = {This paper aims to investigate the joint effect of board independence and gender diversity on the effectiveness of boards in monitoring CEO compensation in a continental European context, i.e. France},

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pubstate = {published},

tppubtype = {article}

}

@article{nekhili_1093,

title = {Free cash flow and earnings management: The moderating role of governance and ownership},

author = {Mehdi Nekhili and I. F. Ben Amar and Tawhid Chtioui and Faten Lakhal},

url = {https://clutejournals.com/index.php/JABR/article/view/9536},

year  = {2016},

date = {2016-01-01},

journal = {Journal of Applied Business Research},

volume = {32},

number = {1},

pages = {255-268},

abstract = {This study attempts to add to the small body of existing literature relating Chief executive officer characteristics to earnings management. Our research was carried out on 153 French listed companies during 2008. Using discretionary accruals as a proxy for earnings management, we found a significant positive relationship between CEO characteristics and earnings management. This suggests that since reputed CEOs are well compensated, they are more afraid to lose thier compensation level, and their incentive to manipulate their firm's earnings therefore increases. Findings also indicate that the dual CEO-chair relationship encourages CEOs to manage earnings, particularly when CEO-chairs hold the major proportion of equity in the firm. This finding suggests that CEO-chairs use their managerial power and the freedom from control to extract private yields. Finally, we present new on the relationship between CEO expertise and earnings management, showing that expertise positively affects CEO's behavior leading to their using agressive earnings management.},

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pubstate = {published},

tppubtype = {article}

}

@article{zouari_1094,

title = {Do CEO characteristics affect earnings management? Evidence from France},

author = {Zeineb Zouari and Faten Lakhal and Mehdi Nekhili},

year  = {2015},

date = {2015-09-04},

journal = {International Journal of Innovation and Applied Studies},

volume = {12},

number = {4},

pages = {801-819},

abstract = {This study attempts to add to the small body of existing literature relating Chief executive officer characteristics to earnings management. Our research was carried out on 153 French listed companies during 2008. Using discretionary accruals as a proxy for earnings management, we found a significant positive relationship between CEO characteristics and earnings management. This suggests that since reputed CEOs are well compensated, they are more afraid to lose thier compensation level, and their incentive to manipulate their firm's earnings therefore increases. Findings also indicate that the dual CEO-chair relationship encourages CEOs to manage earnings, particularly when CEO-chairs hold the major proportion of equity in the firm. This finding suggests that CEO-chairs use their managerial power and the freedom from control to extract private yields. Finally, we present new on the relationship between CEO expertise and earnings management, showing that expertise positively affects CEO's behavior leading to their using agressive earnings management},

keywords = {},

pubstate = {published},

tppubtype = {article}

}

@article{labelle_1037,

title = {To Regulate Or Not To Regulate? Early Evidence on the Means Used Around the World to Promote Gender Diversity in the Boardroom},

author = {R. Labelle and Claude Francoeur and Faten Lakhal},

url = {https://onlinelibrary.wiley.com/doi/abs/10.1111/gwao.12091},

year  = {2015},

date = {2015-05-25},

journal = {Gender Work And Organization},

volume = {22},

number = {4},

pages = {339-363},

abstract = {Despite the growing public concern in recent years about the place of women in business, gender diversity in corporate governance has made little progress. As a consequence, the issue has captured the worldwide attention of policymakers. Several countries are currently adopting or considering the adoption of laws or regulations to promote gender diversity on corporate boards. The purpose of this paper is to compare the effectiveness of using legislative or regulatory means to increase female representation instead of allowing firms to voluntarily fix their own non?legally binding targets. We find that the relation between gender diversity and performance is positive in countries using the voluntary approach while it is negative in countries using the regulatory approach. We conclude that public policy aimed at increasing the number of women on corporate boards should be introduced gradually and voluntarily rather than quickly and coercively to avoid sub?optimal board composition.},

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pubstate = {published},

tppubtype = {article}

}

@article{lakhal_1081,

title = {Do women on boards and in top management reduce earnings management? Evidence from France},

author = {Faten Lakhal and Amal Aguir and Nadia Lakhal and Adnane Malek},

url = {https://clutejournals.com/index.php/JABR/article/view/9236/9274},

year  = {2015},

date = {2015-05-01},

journal = {Journal of Applied Business Research},

volume = {31},

number = {3},

pages = {1107-1118},

abstract = {The purpose of this paper is to examine the effect of gender diversity on the boardroom and in top management positions on earnings management by French-listed firms. Based on a sample of 170 firms over 4 years, we find that the proportion of women on the board standing as a director or a chair  reduces  earnings  management.  This  finding  suggests  that  women  are  effective  on  their monitoring role  and are  then considered as a crucial corporate  governance device. We  also find that  the  relationship  between  the  presence  of  at  least  three  women  on  the  board  and  earnings management  is  negative  suggesting  that  by  increasing  thenumber  of  women  on  board  through regulation  and  legislation,  French  firms  are  likely  to  enhance  the  effectiveness  of  the  board  to better detect earnings management. However, women standing in CEO and CFO positions do not affect earnings management practices. These findings suggest that efforts made by political bodies to  promote  equality  between  men  and  women  on  boards  are  beneficial  for  French-listed companies by limiting earnings management practices. However, regulating or imposing a quota of women on boards can create a temporal shortage of qualified women available to take up such positions.},

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pubstate = {published},

tppubtype = {article}

}

@article{ajina_1080,

title = {Institutional investors' ownership and stock market liquidity: The case of French-listed firms},

author = {Aymen Ajina and Faten Lakhal and Danielle Sougné},

url = {https://www.emerald.com/insight/content/doi/10.1108/IJMF-08-2013-0086/full/html?skipTracking=true},

year  = {2015},

date = {2015-02-01},

journal = {International Journal of Managerial Finance},

volume = {11},

number = {1},

pages = {44-59},

abstract = {The purpose of this paper is to examine the effect of institutional investors' ownership and type on information asymmetry and stock market liquidity in France. },

keywords = {},

pubstate = {published},

tppubtype = {article}

}

@article{belkhaoui_1082,

title = {Market structure, strategic choices and bank performance: a path model},

author = {Samir Belkhaoui and Faten Lakhal and Slaheddine Hellara},

url = {https://www.emerald.com/insight/content/doi/10.1108/MF-07-2013-0183/full/html?skipTracking=true},

year  = {2014},

date = {2014-06-03},

journal = {Managerial Finance},

volume = {40},

number = {6},

pages = {538-564},

abstract = {The purpose of this paper is to develop and test a conceptual model of bank performance},

keywords = {},

pubstate = {published},

tppubtype = {article}

}

@article{lakhal_1525,

title = {Ownership structure and stock market liquidity in France},

author = {Faten Lakhal and Aymen Ajina},

url = {x},

year  = {2010},

date = {2010-01-01},

journal = {Bankers, Markets & Investors},

number = {104},

pages = {42-52},

abstract = {his paper examines the effects of concentrated ownership structure and shareholder's type on the French stock-market liquidity. The results show that ownership concentration negatively affects market liquidity suggesting that large shareholders are likely to exacerbate information asymmetry, widen bid-ask spreads and decrease stock market liquidity. The findings also show that the proportion of institutional investors has a positive effect on market liquidity. These investors are inclined to trade more frequently on their stocks and to shrink bid-ask spreads. These findings are in line with adverse selection and trading hypotheses and shed the light on the role of corporate governance devices to consider shareholder minority interest's protection, which leads to improved stock market liquidity levels.},

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pubstate = {published},

tppubtype = {article}

}

@article{lakhal_1524,

title = {Les mécanismes de gouvernement d'entreprises et les publications volontaires des résultats en France},

author = {Faten Lakhal},

url = {https://www.cairn.info/revue-comptabilite-controle-audit-2006-2-page-69.htm?contenu=resume},

year  = {2006},

date = {2006-12-01},

journal = {Comptabilite Controle Audit},

volume = {12},

number = {2},

pages = {69-92},

abstract = {Cet article étudie les relations entre les mécanismes de gouvernement d'entreprise et la communication volontaire des résultats sur un marché où l'actionnariat est concentré. Les résultats montrent que la publication volontaire est liée à la dispersion de la structure d'actionnariat marquée par la présence d'investisseurs institutionnels étrangers, à l'existence d'une structure de dualité dans le conseil et à la distribution de stocks-options aux dirigeants. Les dirigeants français peuvent occasionnellement annoncer leurs résultats afin d'informer le marché de leurs bonnes performances. Enfin, les annonces trimestrielles sont rattachées essentiellement à la cotation sur le marché américain alors que la publication prévisionnelle est liée à la rémunération des dirigeants par stock-options.},

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pubstate = {published},

tppubtype = {article}

}