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Publication Detailed Description
Earnings management in family versus non-family firms: the influence of analyst coverage
Journal Title
Revista Española de Financiación y Contabilidad - Spanish Journal of Finance and Accounting
Year (definitive publication)
2019
Language
English
Country
Spain
More Information
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Alternative Titles
(Spanish/Castilian) Manipulación de resultados en las empresas familiares frente a las no familiares: la influencia de la cobertura de los analistas
Abstract
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.
Acknowledgements
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Keywords
Earnings management,Family firms,Analyst,Agency theory,Socioemotional wealth theory
Fields of Science and Technology Classification
- Economics and Business - Social Sciences
Funding Records
| Funding Reference | Funding Entity |
|---|---|
| UID/GES/00315/2013 | Fundação para a Ciência e a Tecnologia |
