Informativeness of accounting earnings in family firms

Informativeness of accounting earnings in family firms

This work examines the relationship between the family control and informativeness of accounting earnings in listed non-financial Spanish companies between 1997 and 2003. The results reveal a negative relationship between the family nature of the controlling shareholder and the credibility of accoun...

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Main Authors: DOMINGO JAVIER SANTANA MARTÍN, JERÓNIMO PÉREZ ALEMÁN, CAROLINA BONA SÁNCHEZ
Format: Article
Language:English
Published: Universidad del País Vasco (UPV/EHU) 2009-12-01
Series:Management Letters/Cuadernos de Gestión
Subjects:
Family firm
reputation
private benefits
informativeness
Online Access:http://www.ehu.es/cuadernosdegestion/revista/index.php/en/published-issues?y=2009&v=9&n=2&o=1
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spelling doaj-c16d08a6af3943599289d5fded3f61d62020-11-25T04:00:12ZengUniversidad del País Vasco (UPV/EHU)Management Letters/Cuadernos de Gestión1131-68371988-21572009-12-01921730Informativeness of accounting earnings in family firms DOMINGO JAVIER SANTANA MARTÍNJERÓNIMO PÉREZ ALEMÁNCAROLINA BONA SÁNCHEZThis work examines the relationship between the family control and informativeness of accounting earnings in listed non-financial Spanish companies between 1997 and 2003. The results reveal a negative relationship between the family nature of the controlling shareholder and the credibility of accounting information. Moreover, as the level of voting rights in the hands of the family ultimate owner increases, the informativeness of earnings decreases. Only in family firms where the CEO is hired, the family nature affects positively on the informativeness of accounting earnings.http://www.ehu.es/cuadernosdegestion/revista/index.php/en/published-issues?y=2009&v=9&n=2&o=1Family firmreputationprivate benefitsinformativeness
collection DOAJ
language English
format Article
sources DOAJ
author DOMINGO JAVIER SANTANA MARTÍN
JERÓNIMO PÉREZ ALEMÁN
CAROLINA BONA SÁNCHEZ
spellingShingle DOMINGO JAVIER SANTANA MARTÍN
JERÓNIMO PÉREZ ALEMÁN
CAROLINA BONA SÁNCHEZ
Informativeness of accounting earnings in family firms
Management Letters/Cuadernos de Gestión
Family firm
reputation
private benefits
informativeness
author_facet DOMINGO JAVIER SANTANA MARTÍN
JERÓNIMO PÉREZ ALEMÁN
CAROLINA BONA SÁNCHEZ
author_sort DOMINGO JAVIER SANTANA MARTÍN
title Informativeness of accounting earnings in family firms
title_short Informativeness of accounting earnings in family firms
title_full Informativeness of accounting earnings in family firms
title_fullStr Informativeness of accounting earnings in family firms
title_full_unstemmed Informativeness of accounting earnings in family firms
title_sort informativeness of accounting earnings in family firms
publisher Universidad del País Vasco (UPV/EHU)
series Management Letters/Cuadernos de Gestión
issn 1131-6837
1988-2157
publishDate 2009-12-01
description This work examines the relationship between the family control and informativeness of accounting earnings in listed non-financial Spanish companies between 1997 and 2003. The results reveal a negative relationship between the family nature of the controlling shareholder and the credibility of accounting information. Moreover, as the level of voting rights in the hands of the family ultimate owner increases, the informativeness of earnings decreases. Only in family firms where the CEO is hired, the family nature affects positively on the informativeness of accounting earnings.
topic Family firm
reputation
private benefits
informativeness
url http://www.ehu.es/cuadernosdegestion/revista/index.php/en/published-issues?y=2009&v=9&n=2&o=1
work_keys_str_mv AT domingojaviersantanamartin informativenessofaccountingearningsinfamilyfirms
AT jeronimoperezaleman informativenessofaccountingearningsinfamilyfirms
AT carolinabonasanchez informativenessofaccountingearningsinfamilyfirms
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