Earnings management in family versus non-family firms: the influence of analyst coverage

被引：32

作者：

Paiva, Inna Sousa ^{[1
]}

Lourenco, Isabel Costa ^{[1
]}

Curto, Jose Dias ^{[1
]}

机构：

[1] Lisbon Univ Inst ISCTE IUL, Dept Accounting, Lisbon, Portugal

来源：

SPANISH JOURNAL OF FINANCE AND ACCOUNTING-REVISTA ESPANOLA DE FINANCIACION Y CONTABILIDA | 2019年 / 48卷 / 02期

关键词：

Earnings management; family firms; analyst; agency theory; socioemotional wealth theory; SOCIOEMOTIONAL WEALTH; CAPITAL-MARKETS; BONUS SCHEMES; OWNERSHIP; EQUITY; QUALITY; PERFORMANCE; DISCLOSURE; ACCRUALS; COSTS;

D O I：

10.1080/02102412.2018.1463764

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

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 the 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.

引用

页码：113 / 133

页数：21

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