Earnings Management and CSR Disclosure. Family vs. Non-Family Firms

被引：35

作者：

Gavana, Giovanna ^{[1
]}

Gottardo, Pietro ^{[2
]}

Moisello, Anna Maria ^{[2
]}

机构：

[1] Univ Insubria, Dept Econ, I-21100 Varese, Italy

[2] Univ Pavia, Dept Econ & Management, I-27100 Pavia, Italy

来源：

SUSTAINABILITY | 2017年 / 9卷 / 12期

关键词：

CSR disclosure; earnings management; family firms; CORPORATE SOCIAL-RESPONSIBILITY; REPORTING EMPIRICAL-EVIDENCE; SOCIOEMOTIONAL WEALTH; STAKEHOLDER ORIENTATION; OWNERSHIP STRUCTURE; GOVERNANCE; EQUITY; PERFORMANCE; LEGITIMACY; COMPANIES;

D O I：

10.3390/su9122327

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

Building on Institutional theory and Signaling theory, integrated with the socioemotional wealth (SEW) approach, we studied the effect of earnings management (EM) practices on a firm's Corporate Social Responsibility (CSR) disclosure behavior. In so doing, we analyzed a sample of 226 non-financial, family and non-family listed firms for the period, 2006-2015. Our results suggest that family firms, in instances of downward earnings management, are more prone to diverting attention from these practices by means of CSR disclosure, compared to non-family firms, although the level of family ownership exerts a moderating effect. Moreover, we found that a firm's visibility, in terms of size, significantly enhances this behavior and that the effect is higher for family firms.

引用

页数：21

共 114 条

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