摘要： The aim of this research is to study the financial communication’s quality of firms quoted on the NYSE Euronext in Brussels and to find a link with the ownership structure. To reach this goal we use two techniques. First of all, we build an analysis grid of annual report in order to get a score for each company of our sample. Then we use a Logit model in order to regress the probability of having a good quality score of financial communication with ownership structure variables and other control variables. The results show that concentration capital in the hands of institutional investors and families tend to push companies to disclose financial information of higher quality in their annual report. The size of the firm and its level of debts also seem to have a positive impact.
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