The Influence of Family Ownership on the Quality of Accounting Information
London School of Economics
Queensland University of Technology - School of Accountancy
Second University of Naples
University of Naples Federico II
May 29, 2010
Family Business Review, Vol. 23, pp. 246-265, September 2010
This paper explores the quality of accounting information in listed family firms. We exploit the features of the Italian equity market characterized by high ownership concentration across all types of firms to disentangle the effects of family ownership from other major block-holders on the quality of accounting information. Our findings document that family firms convey financial information of higher quality compared to their non-family peers. Further, we provide evidence that the determinants of accounting quality differ across family and non-family firms.
Number of Pages in PDF File: 36
Keywords: Family Firms, Financial Reporting, Earnings Attributes, Accounting Quality
JEL Classification: D82, M41, M45Accepted Paper Series
Date posted: May 30, 2010 ; Last revised: October 8, 2010
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