The Influence of Family Ownership on the Quality of Accounting Information
Family Business Review 23 (3): 246-265, September 2010
36 Pages Posted: 30 May 2010 Last revised: 9 Jan 2015
Date Written: May 29, 2010
Abstract
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.
Keywords: Family Firms, Financial Reporting, Earnings Attributes, Accounting Quality
JEL Classification: D82, M41, M45
Suggested Citation: Suggested Citation