An Empirical Study of the Determinants of Profit Forecast by Tunisian Managers

Abstract

The aim of this paper is to empirically explain differences in levels of publication of forecast information observed in a sample of companies by a number of characteristics of these companies (such as the level of debt, age, size or level of profitability of companies observed). On the basis of a data relating to 50 Tunisian firms listed in the Tunisian Stock Exchange in 2010, our findings shows that profitable companies belonging to high-tech sectors and involve insiders in the decision provide more detailed and credible than other forward-looking statements.