FAMILY CONTROL AND EARNINGS MANAGEMENT IN BRAZILIAN LISTED COMPANIES: A RELATIONSHIP MEDIATED BY AGE
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Revista Universo Contábil |
Texto Completo: | https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/7545 |
Resumo: | A family-owned company potentially represents the realm of the agency theory because, if on one side this kind of organization shows lower Type I agency conflicts due to the proximity between ownership and management, on the other side it emphasizes Type II conflicts, within ownership, between majority and minority shareholders. In this situation, the literature suggests a positive and a negative impact of the family control on earnings quality, named alignment and entrenchment effect respectively. The socioemotional wealth (SEW) theory also associates the presence of the family-owner to debatable consequences, since SEW preservation attitude can affect the business decision-making process, especially in the first phase of family firm’s life where family objectives have priority over business objectives. The present study aims to investigate the influence of the family control in the quality of earnings, answering the following research questions: (i) do family firms engage less in earnings management than non-family firms? (ii) does the relation between family ownership and earnings management differ between younger and older family firms? The main finding is that old family firms engage less than any other group subsample in earning management practices, questioning literature that mainly considers family firms to be a homogeneous category. |
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FAMILY CONTROL AND EARNINGS MANAGEMENT IN BRAZILIAN LISTED COMPANIES: A RELATIONSHIP MEDIATED BY AGEFamily controlYoung and Old Family FirmsAccounting Earnings ManagementAgency TheorySocio-Emotional Wealth Theory.A family-owned company potentially represents the realm of the agency theory because, if on one side this kind of organization shows lower Type I agency conflicts due to the proximity between ownership and management, on the other side it emphasizes Type II conflicts, within ownership, between majority and minority shareholders. In this situation, the literature suggests a positive and a negative impact of the family control on earnings quality, named alignment and entrenchment effect respectively. The socioemotional wealth (SEW) theory also associates the presence of the family-owner to debatable consequences, since SEW preservation attitude can affect the business decision-making process, especially in the first phase of family firm’s life where family objectives have priority over business objectives. The present study aims to investigate the influence of the family control in the quality of earnings, answering the following research questions: (i) do family firms engage less in earnings management than non-family firms? (ii) does the relation between family ownership and earnings management differ between younger and older family firms? The main finding is that old family firms engage less than any other group subsample in earning management practices, questioning literature that mainly considers family firms to be a homogeneous category.Universidade Regional de Blumenau2019-11-13info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/754510.4270/ruc.2019108Revista Universo Contábil; v. 15 n. 1 (2019); 151-1691809-33371809-3337reponame:Revista Universo Contábilinstname:Universidade Regional de Blumenau (FURB)instacron:FURBenghttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/7545/4284Copyright (c) 2019 Revista Universo Contábilinfo:eu-repo/semantics/openAccessTommasetti, RobertoMacedo, Marcelo Alvaro da SilvaConstantino, Fabricia de Farias da SilvaSarlo Neto, Alfredo2022-07-21T03:03:42Zoai:ojs.bu.furb.br:article/7545Revistahttps://proxy.furb.br/ojs/index.php/universocontabil/PUBhttps://proxy.furb.br/ojs/index.php/universocontabil/oai||universocontabil@furb.br1809-33371809-3337opendoar:2022-07-21T03:03:42Revista Universo Contábil - Universidade Regional de Blumenau (FURB)false |
dc.title.none.fl_str_mv |
FAMILY CONTROL AND EARNINGS MANAGEMENT IN BRAZILIAN LISTED COMPANIES: A RELATIONSHIP MEDIATED BY AGE |
title |
FAMILY CONTROL AND EARNINGS MANAGEMENT IN BRAZILIAN LISTED COMPANIES: A RELATIONSHIP MEDIATED BY AGE |
spellingShingle |
FAMILY CONTROL AND EARNINGS MANAGEMENT IN BRAZILIAN LISTED COMPANIES: A RELATIONSHIP MEDIATED BY AGE Tommasetti, Roberto Family control Young and Old Family Firms Accounting Earnings Management Agency Theory Socio-Emotional Wealth Theory. |
title_short |
FAMILY CONTROL AND EARNINGS MANAGEMENT IN BRAZILIAN LISTED COMPANIES: A RELATIONSHIP MEDIATED BY AGE |
title_full |
FAMILY CONTROL AND EARNINGS MANAGEMENT IN BRAZILIAN LISTED COMPANIES: A RELATIONSHIP MEDIATED BY AGE |
title_fullStr |
FAMILY CONTROL AND EARNINGS MANAGEMENT IN BRAZILIAN LISTED COMPANIES: A RELATIONSHIP MEDIATED BY AGE |
title_full_unstemmed |
FAMILY CONTROL AND EARNINGS MANAGEMENT IN BRAZILIAN LISTED COMPANIES: A RELATIONSHIP MEDIATED BY AGE |
title_sort |
FAMILY CONTROL AND EARNINGS MANAGEMENT IN BRAZILIAN LISTED COMPANIES: A RELATIONSHIP MEDIATED BY AGE |
author |
Tommasetti, Roberto |
author_facet |
Tommasetti, Roberto Macedo, Marcelo Alvaro da Silva Constantino, Fabricia de Farias da Silva Sarlo Neto, Alfredo |
author_role |
author |
author2 |
Macedo, Marcelo Alvaro da Silva Constantino, Fabricia de Farias da Silva Sarlo Neto, Alfredo |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
Tommasetti, Roberto Macedo, Marcelo Alvaro da Silva Constantino, Fabricia de Farias da Silva Sarlo Neto, Alfredo |
dc.subject.por.fl_str_mv |
Family control Young and Old Family Firms Accounting Earnings Management Agency Theory Socio-Emotional Wealth Theory. |
topic |
Family control Young and Old Family Firms Accounting Earnings Management Agency Theory Socio-Emotional Wealth Theory. |
description |
A family-owned company potentially represents the realm of the agency theory because, if on one side this kind of organization shows lower Type I agency conflicts due to the proximity between ownership and management, on the other side it emphasizes Type II conflicts, within ownership, between majority and minority shareholders. In this situation, the literature suggests a positive and a negative impact of the family control on earnings quality, named alignment and entrenchment effect respectively. The socioemotional wealth (SEW) theory also associates the presence of the family-owner to debatable consequences, since SEW preservation attitude can affect the business decision-making process, especially in the first phase of family firm’s life where family objectives have priority over business objectives. The present study aims to investigate the influence of the family control in the quality of earnings, answering the following research questions: (i) do family firms engage less in earnings management than non-family firms? (ii) does the relation between family ownership and earnings management differ between younger and older family firms? The main finding is that old family firms engage less than any other group subsample in earning management practices, questioning literature that mainly considers family firms to be a homogeneous category. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019-11-13 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/7545 10.4270/ruc.2019108 |
url |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/7545 |
identifier_str_mv |
10.4270/ruc.2019108 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/7545/4284 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2019 Revista Universo Contábil info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2019 Revista Universo Contábil |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
dc.source.none.fl_str_mv |
Revista Universo Contábil; v. 15 n. 1 (2019); 151-169 1809-3337 1809-3337 reponame:Revista Universo Contábil instname:Universidade Regional de Blumenau (FURB) instacron:FURB |
instname_str |
Universidade Regional de Blumenau (FURB) |
instacron_str |
FURB |
institution |
FURB |
reponame_str |
Revista Universo Contábil |
collection |
Revista Universo Contábil |
repository.name.fl_str_mv |
Revista Universo Contábil - Universidade Regional de Blumenau (FURB) |
repository.mail.fl_str_mv |
||universocontabil@furb.br |
_version_ |
1798945117681221632 |