Résumé:
Accounting disclosure is considered an important tool for the investors in
capital market, where the latter is regarded as a motor of economic and social
development, through its role in attracting and collecting savings. For that the
success of this market depends on many factors like its efficiency and the level
of accounting disclosure which reveals the financial position of the companies.
Farther more, accounting disclosure may has a negative impact when the
accounting information is not credible, or it’s not good. This fact may influence
the investors negatively, especially when the investment decision is influenced
by the needs of each investor, and his ability to obtain and analyze these
information to undertake his investment decision.
Algeria has known many economic reforms through which its financial
market is established, this latter contributed in financing many companies
through launching shares which are considered as the main pillar of the
fianancial market in Algeria. The success and development of this market
depends a lot on the quality of accounting information of the companies to give
a real image about their financial position included in their financial reports.
