Earnings Management and CSR Disclosure. Family vs. Non-Family Firms

被引：36

作者：

Gavana, Giovanna ^{[1
]}

Gottardo, Pietro ^{[2
]}

Moisello, Anna Maria ^{[2
]}

机构：

[1] Univ Insubria, Dept Econ, I-21100 Varese, Italy

[2] Univ Pavia, Dept Econ & Management, I-27100 Pavia, Italy

来源：

SUSTAINABILITY | 2017年 / 9卷 / 12期

关键词：

CSR disclosure; earnings management; family firms; CORPORATE SOCIAL-RESPONSIBILITY; REPORTING EMPIRICAL-EVIDENCE; SOCIOEMOTIONAL WEALTH; STAKEHOLDER ORIENTATION; OWNERSHIP STRUCTURE; GOVERNANCE; EQUITY; PERFORMANCE; LEGITIMACY; COMPANIES;

D O I：

10.3390/su9122327

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

Building on Institutional theory and Signaling theory, integrated with the socioemotional wealth (SEW) approach, we studied the effect of earnings management (EM) practices on a firm's Corporate Social Responsibility (CSR) disclosure behavior. In so doing, we analyzed a sample of 226 non-financial, family and non-family listed firms for the period, 2006-2015. Our results suggest that family firms, in instances of downward earnings management, are more prone to diverting attention from these practices by means of CSR disclosure, compared to non-family firms, although the level of family ownership exerts a moderating effect. Moreover, we found that a firm's visibility, in terms of size, significantly enhances this behavior and that the effect is higher for family firms.

引用

页数：21

共 50 条

[1] The effect of earnings management on the reputation of family and non-family firms
Salehi, Mahdi
Hoshmand, Mahsa
Ranjbar, Hossein Rezaei
[J]. JOURNAL OF FAMILY BUSINESS MANAGEMENT, 2020, 10 (02) : 128 - 143
[2] Environmental, social and governance disclosure's impacts on earnings management: Family versus non-family firms
Borralho, Joao Miguel
Hernandez-Linares, Remedios
Gallardo-Vazquez, Dolores
Paiva, Inna Choban de Sousa
[J]. JOURNAL OF CLEANER PRODUCTION, 2022, 379
[3] Do Customers Value CSR Disclosure? Evidence from Italian Family and Non-Family Firms
Gavana, Giovanna
Gottardo, Pietro
Moisello, Anna Maria
[J]. SUSTAINABILITY, 2018, 10 (05)
[4] Ownership structure and acquirers performance: Family vs. non-family firms
Bouzgarrou, Houssam
Navatte, Patrick
[J]. INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2013, 27 : 123 - 134
[5] Earnings management in family versus non-family firms: the influence of analyst coverage
Paiva, Inna Sousa
Lourenco, Isabel Costa
Curto, Jose Dias
[J]. SPANISH JOURNAL OF FINANCE AND ACCOUNTING-REVISTA ESPANOLA DE FINANCIACION Y CONTABILIDA, 2019, 48 (02): : 113 - 133
[6] Nexus between corporate governance and earnings management in family and non-family firms
Naz, Aziza
Kroslakova, Monika Nadova
Farheen, Iqra
Cvirik, Marian
Michalkova, Anna
[J]. E & M EKONOMIE A MANAGEMENT, 2023, 26 (02): : 42 - 57
[7] CRISIS AND FINANCIAL DISTRESS. FAMILY VS. NON-FAMILY FIRMS
Gottardo, Pietro
Moisello, Anna Maria
[J]. STRATEGICA: SHIFT! MAJOR CHALLENGES OF TODAY'S ECONOMY, 2017, : 361 - 372
[8] Sustainability and Business Outcomes in the Context of SMEs: Comparing Family Firms vs. Non-Family Firms
Eugenia Lopez-Perez, Maria
Melero-Polo, Iguacel
Vazquez-Carrasco, Rosario
Cambra-Fierro, Jesus
[J]. SUSTAINABILITY, 2018, 10 (11)
[9] BRANDING THROUGH CSR: A COMPARISON OF FAMILY VERSUS NON-FAMILY FIRMS
Presas, Pilar
Marques, Pilar
[J]. 4TH ANNUAL EUROMED CONFERENCE OF THE EUROMED ACADEMY OF BUSINESS: BUSINESS RESEARCH CHALLENGES IN A TURBULENT ERA, 2011, : 2201 - 2203
[10] The accounting performance of listed family firms vs. non-family firms: a systematic review of empirical studies
Heino, Noora
Tuominen, Pasi
Tuominen, Terhi
[J]. INTERNATIONAL JOURNAL OF ENTREPRENEURIAL VENTURING, 2019, 11 (02) : 103 - 141

← 1 2 3 4 5 →