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

See all articles by Stefano Cascino

Stefano Cascino

London School of Economics

Amedeo Pugliese

University of Padova - Department of Economics and Management; UPF - Department of Economics and Business

Donata Mussolino

Second University of Naples

Chiara Sansone

University of Naples Federico II

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

Cascino, Stefano and Pugliese, Amedeo and Mussolino, Donata and Sansone, Chiara, The Influence of Family Ownership on the Quality of Accounting Information (May 29, 2010). Family Business Review 23 (3): 246-265, September 2010, Available at SSRN: https://ssrn.com/abstract=1617684

Stefano Cascino (Contact Author)

London School of Economics ( email )

Houghton Street
London, WC2A 2AE
United Kingdom
+44 (0)20 7955 6457 (Phone)
+44 (0)20 7955 7420 (Fax)

HOME PAGE: http://www.lse.ac.uk/accounting/people/stefano-cascino

Amedeo Pugliese

University of Padova - Department of Economics and Management ( email )

Via del Santo, 33
Padova, 35123
Italy

UPF - Department of Economics and Business ( email )

Carrer Ramon Trias Fargas 22
Barcelona, Barcelona 08005
Spain

Donata Mussolino

Second University of Naples ( email )

Via Antonio Vivaldi, 43
Caserta CE, Caserta 81100
Italy

Chiara Sansone

University of Naples Federico II ( email )

via Cinthia, 4
Naples, Caserta 80126
Italy

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