Earnings Management In Private Family Versus Non Family Firms
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Earnings Management In Private Family Versus Non Family Firms
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Author : Joao Borralho
language : en
Publisher:
Release Date : 2019
Earnings Management In Private Family Versus Non Family Firms written by Joao Borralho and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
The study addresses the signs of earnings management in unlisted companies, comparing the situation in family firms and non-family firms. We adopt arguments from agency theory, and stewardship theory, which are supplemented with the assumptions of socio-emotional wealth literature, to justify our research model. The sample is composed of 263 audited Spanish companies with a turnover of more than 200 million euros, which were analyzed in the period from 2011 to 2015. Results indicate that family firms are less prone to the practices of earnings management that the non-family firms, although the association between the family firm status and the earnings management is moderated by the firm generation. This work contributes to the literature on the quality of financial information in both family firms and unlisted companies, exploring new areas of research.
Earnings Management In Family Firms
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Author : Inna Paiva
language : en
Publisher:
Release Date : 2016
Earnings Management In Family Firms written by Inna Paiva and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
This paper synthesizes the extant research on earnings management in family firms. It reviews the current state of knowledge about this phenomenon, identifying the main theoretical frameworks used in the empirical research on the topic, as well as the main types of said research and its findings.Agency theory is identified as the main theoretical framework used. Two major types of research identified in the literature are discussed, namely earnings management in family firms versus non-family firms, and (2) earnings management in different types of family firms. Important research gaps are identified, and future research priorities are suggested. These pertain to the lack of research on earnings management in non-listed family firms and analyzing the realities of less developed countries, as well as the importance of using theoretical frameworks batter able to capture the peculiarities of family firms.
Real Earnings Management And Accrual Based Earnings Management In Family Firms
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Author : Ann-Kristin Achleitner
language : en
Publisher:
Release Date : 2019
Real Earnings Management And Accrual Based Earnings Management In Family Firms written by Ann-Kristin Achleitner and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
We examine the effects of family firms on real earnings management (REM) and accrual-based earnings management (ABEM). Using socioemotional wealth (SEW) as a theoretical framework and considering the different implications of REM and ABEM on family firms' transgenerational sustainability, we hypothesize and find for a sample of 402 German listed family firms during 1998-2008, that family firms engage less in REM and exhibit more earnings-decreasing ABEM policies as compared to a sample of 436 non-family firms. We further provide evidence that family firms as compared to non-family firms treat REM and ABEM as substitute rather than complementary tools for earnings management. Overall, our findings suggest that family firms use earnings management activities strategically, avoiding those that inhibit the firm's long-term value (i.e. REM) and engaging in those that help families retain transgenerational control (i.e. ABEM).
Comparative Research On Earnings Management Corporate Governance And Economic Value
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Author : Vieira, Elisabete S.
language : en
Publisher: IGI Global
Release Date : 2021-02-12
Comparative Research On Earnings Management Corporate Governance And Economic Value written by Vieira, Elisabete S. and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-12 with Business & Economics categories.
New trends are emerging regarding earnings management and corporate governance showing similarities and striking differences in the practices of different countries and economies. These new trends currently shape the field of modern corporate governance with crucial issues being looked at in governance law and practices, accounting systems, earnings quality and management, stakeholder involvement, and more. In order to advance these new avenues in corporate governance, research looks at accounting policies firms use in different opportunistic circumstances in order to manage earnings, the corporate governance practices in different countries, firm performance, and other dimensions of companies. The understanding of these topics is beneficial in understanding the current state of different types of firms and their practices in modern times. Comparative Research on Earnings Management, Corporate Governance, and Economic Value is focused on the investigation of key challenges and perspectives of corporate governance and earnings management and outlines possible scenarios of its development. The chapters explore this new avenue of research and cover theoretical, empirical, and experimental studies related to different themes in the global context of earnings management and corporate governance. This book is ideal for economists, businesses, managers, accountants, practitioners, stakeholders, researchers, academicians, and students who are interested in the current issues and advancements in corporate governance and earnings management.
Earnings Management Preferences Of Family Firms And Its Impact On The Market Value Of The Firm
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Author : Suhas M. Avabruth
language : en
Publisher:
Release Date : 2018
Earnings Management Preferences Of Family Firms And Its Impact On The Market Value Of The Firm written by Suhas M. Avabruth and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
In this paper we analyze the preference for earnings management techniques by the family firms and the impact of the same on the performance of the firm. Family firms contrary to non-family firms are driven by different objectives. Using socio emotional wealth theory, we hypothesize that family firms prefer an earnings management technique, which is less risky in the long term. Using the publicly available data on all the family firms listed on Bombay Stock Exchange (BSE), our analysis indicates prevalence both accrual based and real activity earnings management among Indian family firms. However, revenue based real activity earnings management was preferred by those family firms that have exhausted the possibility of accrual based earnings management. Our analysis of the impact of earnings management choice on market value indicates a short-term positive impact of the accrual based earnings management. Revenue based real activity earnings management was found to have long term positive impact but the cost based real activity earnings management had a long term negative impact on the value of the market value of the firm.
Accounting Choices In Family Firms
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Author : Silvia Ferramosca
language : en
Publisher: Springer
Release Date : 2018-03-13
Accounting Choices In Family Firms written by Silvia Ferramosca and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-13 with Business & Economics categories.
This book provides a critical analysis of the current state of knowledge on the relationship between family firms and a wide range of accounting choices, including earnings management, accounting conservatism, and financial and non-financial disclosure. In examining the choices made in family firms, the authors explore and elucidate the relevance of agency, socioemotional wealth, stewardship, and resource-based theories. Readers will also find close consideration of the impacts of a country’s culture and societal values on accounting choices. In particular, further evidence is provided on the impact of different cultures on accounting conservatism in family businesses. Finally, avenues for future accounting research on family firms are discussed, highlighting theoretical and empirical challenges. In addition to offering a revealing analysis of the influence of ownership types and cultures on accounting choices within family firms, the book identifies significant practical implications for the management of family firms and policy implications for regulators and standard setters.
Sustainability Disclosure
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Author :
language : en
Publisher: Emerald Group Publishing
Release Date : 2015-11-06
Sustainability Disclosure written by and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-11-06 with Business & Economics categories.
This volume aims at analysing the main tools, frameworks and issues concerning sustainability disclosure. Particular emphasis is given to the Integrated Reporting, with the aim to identify its antecedents, use within companies, as well as its implementation issues, strengths and weaknesses.
The Sage Handbook Of Family Business
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Author : Leif Melin
language : en
Publisher: SAGE
Release Date : 2013-11-15
The Sage Handbook Of Family Business written by Leif Melin and has been published by SAGE this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-15 with Business & Economics categories.
The SAGE Handbook of Family Business captures the conceptual map and state-of-the-art thinking on family business - an area experiencing rapid global growth in research and education since the last three decades. Edited by the leading figures in family business studies, with contributions and editorial board support from the most prominent scholars in the field, this Handbook reflects on the development and current status of family enterprise research in terms of applied theories, methods, topics investigated, and perspectives on the field′s future. The SAGE Handbook of Family Business is divided into following six sections, allowing for ease of navigation while gaining a multi-dimensional perspective and understanding of the field. Part I: Theoretical perspectives in family business studies Part II: Major issues in family business studies Part III: Entrepreneurial and managerial aspects in family business studies Part IV: Behavioral and organizational aspects in family business studies Part V: Methods in use in family business studies Part VI: The future of the field of family business studies By including critical reflections and presenting possible alternative perspectives and theories, this Handbook contributes to the framing of future research on family enterprises around the world. It is an invaluable resource for current and future scholars interested in understanding the unique dynamics of family enterprises under the rubric of entrepreneurship, strategic management, organization theory, accounting, marketing or other related areas.
Corporate Payout Policy
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Author : Harry DeAngelo
language : en
Publisher: Now Publishers Inc
Release Date : 2009
Corporate Payout Policy written by Harry DeAngelo and has been published by Now Publishers Inc this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Corporations categories.
Corporate Payout Policy synthesizes the academic research on payout policy and explains "how much, when, and how". That is (i) the overall value of payouts over the life of the enterprise, (ii) the time profile of a firm's payouts across periods, and (iii) the form of those payouts. The authors conclude that today's theory does a good job of explaining the general features of corporate payout policies, but some important gaps remain. So while our emphasis is to clarify "what we know" about payout policy, the authors also identify a number of interesting unresolved questions for future research. Corporate Payout Policy discusses potential influences on corporate payout policy including managerial use of payouts to signal future earnings to outside investors, individuals' behavioral biases that lead to sentiment-based demands for distributions, the desire of large block stockholders to maintain corporate control, and personal tax incentives to defer payouts. The authors highlight four important "carry-away" points: the literature's focus on whether repurchases will (or should) drive out dividends is misplaced because it implicitly assumes that a single payout vehicle is optimal; extant empirical evidence is strongly incompatible with the notion that the primary purpose of dividends is to signal managers' views of future earnings to outside investors; over-confidence on the part of managers is potentially a first-order determinant of payout policy because it induces them to over-retain resources to invest in dubious projects and so behavioral biases may, in fact, turn out to be more important than agency costs in explaining why investors pressure firms to accelerate payouts; the influence of controlling stockholders on payout policy --- particularly in non-U.S. firms, where controlling stockholders are common --- is a promising area for future research. Corporate Payout Policy is required reading for both researchers and practitioners interested in understanding this central topic in corporate finance and governance.
Earnings Management And The Contest To The Control
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Author : Mauricio Jara-Bertin
language : en
Publisher:
Release Date : 2014
Earnings Management And The Contest To The Control written by Mauricio Jara-Bertin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
In this paper we focus on the conflict of interests among shareholders as a possible determinant of earnings management. Using a sample of 3,559 listed firms from the United States, Canada, the United Kingdom, France, Spain, and Italy between 2008 and 2013, we analyse how the distribution of power among shareholders affects earnings management in family owned firms. We find that the contest to the dominant family shareholder is relevant: namely, the more challenge to the control of dominant shareholders, the less earnings management in family firms. This contest is more important in civil law countries in which the shareholders rights are less protected. We also find that the nature of the blockholders can be relevant: consistent with the view that nonfamily shareholders are under more public scrutiny and have more difficulty to agree with the largest family shareholder to extract private benefits, our results suggest that a second or third nonfamily shareholder can reduce or alleviate earnings management.