The effect of corporate governance factors on the quality of financial reporting in family and non-family firms
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/20634 |
Resumo: | The objective of this study is to explore the quality of financial information of Spanish firms, by comparing family firms with non-family firms, and relating this quality with corporate governance practices. For this purpose, a sample of 650 Spanish firms was analysed during the period 2011-2016. Based on agency theory and socioemotional wealth literature, the results show a higher quality of financial information in family firms, a relationship which is reinforced by corporate governance factors. Our results are consistent with the scant previous research, and with the premises of agency theory, which indicate lower asymmetry of information between owners and managers in the singular context of family firms. Additionally, our work provides evidence that the participation of women on the board boosts the quality of financial information in family firms, contributing to the justification of family firm heterogeneity in terms of earnings management. This study contributes to reducing the gap in the literature on the influence of the family business context and the influence of women on the board on the quality of financial reporting. |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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The effect of corporate governance factors on the quality of financial reporting in family and non-family firmsCorporate governanceFamily firmsFinancial reporting qualitySpainThe objective of this study is to explore the quality of financial information of Spanish firms, by comparing family firms with non-family firms, and relating this quality with corporate governance practices. For this purpose, a sample of 650 Spanish firms was analysed during the period 2011-2016. Based on agency theory and socioemotional wealth literature, the results show a higher quality of financial information in family firms, a relationship which is reinforced by corporate governance factors. Our results are consistent with the scant previous research, and with the premises of agency theory, which indicate lower asymmetry of information between owners and managers in the singular context of family firms. Additionally, our work provides evidence that the participation of women on the board boosts the quality of financial information in family firms, contributing to the justification of family firm heterogeneity in terms of earnings management. This study contributes to reducing the gap in the literature on the influence of the family business context and the influence of women on the board on the quality of financial reporting.Asociación Española de Profesores Universitarios de Contabilidad2020-07-23T15:18:33Z2020-01-01T00:00:00Z20202020-07-23T16:18:08Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/20634eng1138-489110.6018/rcsar.358451Borralho, J.Gallardo-Vázquez, D.Hernández-Linares, R.Paiva, I.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-07-07T02:42:13Zoai:repositorio.iscte-iul.pt:10071/20634Portal AgregadorONGhttps://www.rcaap.pt/oai/openairemluisa.alvim@gmail.comopendoar:71602024-07-07T02:42:13Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The effect of corporate governance factors on the quality of financial reporting in family and non-family firms |
title |
The effect of corporate governance factors on the quality of financial reporting in family and non-family firms |
spellingShingle |
The effect of corporate governance factors on the quality of financial reporting in family and non-family firms Borralho, J. Corporate governance Family firms Financial reporting quality Spain |
title_short |
The effect of corporate governance factors on the quality of financial reporting in family and non-family firms |
title_full |
The effect of corporate governance factors on the quality of financial reporting in family and non-family firms |
title_fullStr |
The effect of corporate governance factors on the quality of financial reporting in family and non-family firms |
title_full_unstemmed |
The effect of corporate governance factors on the quality of financial reporting in family and non-family firms |
title_sort |
The effect of corporate governance factors on the quality of financial reporting in family and non-family firms |
author |
Borralho, J. |
author_facet |
Borralho, J. Gallardo-Vázquez, D. Hernández-Linares, R. Paiva, I. |
author_role |
author |
author2 |
Gallardo-Vázquez, D. Hernández-Linares, R. Paiva, I. |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
Borralho, J. Gallardo-Vázquez, D. Hernández-Linares, R. Paiva, I. |
dc.subject.por.fl_str_mv |
Corporate governance Family firms Financial reporting quality Spain |
topic |
Corporate governance Family firms Financial reporting quality Spain |
description |
The objective of this study is to explore the quality of financial information of Spanish firms, by comparing family firms with non-family firms, and relating this quality with corporate governance practices. For this purpose, a sample of 650 Spanish firms was analysed during the period 2011-2016. Based on agency theory and socioemotional wealth literature, the results show a higher quality of financial information in family firms, a relationship which is reinforced by corporate governance factors. Our results are consistent with the scant previous research, and with the premises of agency theory, which indicate lower asymmetry of information between owners and managers in the singular context of family firms. Additionally, our work provides evidence that the participation of women on the board boosts the quality of financial information in family firms, contributing to the justification of family firm heterogeneity in terms of earnings management. This study contributes to reducing the gap in the literature on the influence of the family business context and the influence of women on the board on the quality of financial reporting. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-07-23T15:18:33Z 2020-01-01T00:00:00Z 2020 2020-07-23T16:18:08Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/20634 |
url |
http://hdl.handle.net/10071/20634 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1138-4891 10.6018/rcsar.358451 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Asociación Española de Profesores Universitarios de Contabilidad |
publisher.none.fl_str_mv |
Asociación Española de Profesores Universitarios de Contabilidad |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
mluisa.alvim@gmail.com |
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1817546299041382400 |