Financial reporting in family firms: a socioemotional wealth approach toward information quality

Angela Kate Pettinicchio, Andrea Calabrò, Mara Cameran, Domenico Campa, Angela Pettinicchio

Risultato della ricerca: Contributo in rivistaArticolo in rivista

2 Citazioni (Scopus)

Abstract

The strategic choices of family firms are influenced by economic and noneconomic reference points. We contend that the preservation of the affect-related values a family derives from its ownership position in a firm (that is, socioemotional wealth [SEW]) affects financial reporting quality and earnings management strategies. Using the voluntary International Financial Reporting Standards (IFRS) adoption by Italian unlisted family firms as a natural laboratory setting, we found that the level of SEW endowment impacts on financial reporting quality. Furthermore, we observe that IFRS adoption is associated with less accrual, but higher real activity manipulation for increasing levels of SEW endowment.
Lingua originaleEnglish
pagine (da-a)1-35
Numero di pagine35
RivistaJournal of Small Business Management
DOI
Stato di pubblicazionePubblicato - 2019

Keywords

  • FAMILY FIRMS
  • FINANCIAL REPORTING INFORMATION QUALITY
  • IFRS.
  • SOCIOEMOTIONAL WEALTH

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