English
Ciência-IUL
Publicações
Descrição Detalhada da Publicação
Earnings management in family versus non-family firms: the influence of analyst coverage
Título Revista
Revista Española de Financiación y Contabilidad - Spanish Journal of Finance and Accounting
Ano (publicação definitiva)
2019
Língua
Inglês
País
Espanha
Mais Informação
Web of Science®
Scopus
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Títulos Alternativos
(Espanhol/Castelhano) Manipulación de resultados en las empresas familiares frente a las no familiares: la influencia de la cobertura de los analistas
Abstract/Resumo
This study investigates the relationship between the level of earnings management in family and non-family firms, and analyses whether or not this relationship depends on the level of monitoring effect from analysts. The empirical study relies on a sample of 1,043 UK listed firms. We find that family firms have higher levels of earnings management as compared to non-family firms, unless they are followed by a significant number of analysts. This study fills a gap in the literature by suggesting that not all family firms should be considered the same when addressing incentives for earnings management. It also highlights the moderator effect of the analyst coverage in the relationship between the family status and earnings management.
Agradecimentos/Acknowledgements
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Palavras-chave
Earnings management,Family firms,Analyst,Agency theory,Socioemotional wealth theory
Classificação Fields of Science and Technology
- Economia e Gestão - Ciências Sociais
Registos de financiamentos
| Referência de financiamento | Entidade Financiadora |
|---|---|
| UID/GES/00315/2013 | Fundação para a Ciência e a Tecnologia |
