Earnings Management in Family Firms: Current State of Knowledge and Opportunities for Future Research

Paiva, Inna; Lourenço, Isabel; Branco, Manuel Castelo

doi:10.2139/ssrn.2373122

Cited by 13 publications

(14 citation statements)

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“…Duréndez & Madrid-Guijarro (2018) Los autores evidencian que los estudios a la fecha están dirigidos a las prác� cas contables de las EF frente a las no familiares, la mayoría de los estudios son exploratorios donde observan el estado actual del conocimiento sobre la gesti ón de ganancias en las EF, identi fi cando los principales marcos teóricos uti lizados en la investi gación empírica sobre el tema, así como los principales ti pos de dicha investi gación y conclusiones (Paiva et al, 2016). Basado en esto plantearon que cuanto mayor sea la dimensión del poder en las EF, menor será la calidad de la información contable en términos de ges� ón de ganancias, persistencia de ganancias y conservadurismo.…”

Section: Family Businesses Risk and Adverse Selection In The Agency unclassified

Family businesses, risk and adverse selection in the agency relationship

2019

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The objective of this article is to review the literature on family businesses in relation to risk and adverse selection. Outstanding aspects such as the relationship with finances, socio-emotional wealth, incentives, problems of management and business performance, agency costs, diversification, succession, risk, institutionality and agency costs were found. In many cases the results are inconclusive and contradictory. However, it was possible to identify that organizational cultures can be explained from changing environments. This generates new risks and uncertainties in the organization. The relevance of the speed of information exchange in the market as a source of risk and adverse selection was also identified.RESUMENEl objetivo de este artículo es hacer una revisión de la literatura sobre las empresas de familia en relación con el riesgo y la selección adversa. Se encontraron aspectos destacados como la relación con las finanzas, la riqueza socioemocional, los incentivos, los problemas de la gestión y el desempeño empresarial, los costos de agencia, la diversificación, la sucesión, el riesgo, la institucionalidad y los costos de agencia. En muchos casos los resultados no son concluyentes y son contradictorios. Sin embargo, se logró identificar que las culturas organizacionales se pueden explicar a partir de los entornos cambiantes. Esto genera nuevos riesgos e incertidumbres en la organización. También se identificó la relevancia de la velocidad de intercambio de información en el mercado como fuente de riesgo y selección adversa.RESUMOO objetivo deste artigo é revisar a literatura sobre empresas de familia em relação ao risco e seleção adversa. Encontramos aspectos marcantes como a relação com finanças, riqueza socioemocional, incentivos, problemas de gestão e desempenho empresarial, custos de agência, diversificação, sucessão, risco, institucionalidade e custos de agência. Em muitos casos, os resultados são inconclusivos e contraditórios. No entanto, foi possível identificar que as culturas organizacionais podem ser explicadas a partir de ambientes em mudança. Isso gera novos riscos e incertezas na organização. A relevância da velocidade de troca de informações no mercado como fonte de risco e seleção adversa também foi identificada.

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Section: Family Businesses Risk and Adverse Selection In The Agency unclassified

Family businesses, risk and adverse selection in the agency relationship

2019

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“…Family companies in Indonesia have been investigated by numerous researchers, such as Prabowo (2013), Suyono (2016), and Diyanty (2017). Some of these studies have focused more on comparisons among family companies rather than non-family companies, but studies on different types of family companies have been rarely performed (Paiva et al, 2016).…”

Section: Introductionmentioning

confidence: 99%

Controlling generation of family firms and earnings management in Indonesia: The role of accounting experts of audit committees

Suprianto¹,

Rahmawati²,

Setiawan³

et al. 2019

Journal of International Studies

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This study aims to identify whether the controlling generation (founder vs. descendant) of family companies in Indonesia affects earnings management and analyze the role of accounting experts of audit committees in minimizing the implementation of earnings management. A total of 258 samples are collected from manufacturing group companies listed in the 2012-2017 Indonesian stock exchange. A modified Jones model is used as a proxy for earnings management. Results reveal that controlling by the first generation negatively affects earnings management. Trend analysis results also show that family companies owned and managed by the first generation via earnings management remain stable for 6 consecutive years compared with that of family group companies owned and managed by the second generation. Accounting experts of audit committees negatively influence earnings management in family firms.

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“…Veira (2016) states that it is important to conduct a deeper and more focused study related to this family business. Paiva et al, (2016); Pazzaglia, Mengoli, & Sapienza, (2013) added that there were only a few studies related to income management studies that focused on this type of company. Apart from the importance of this type of business in the economic order and the awareness that earnings management is an important problem in family companies (Stockmans, Lybaert, & Voordeckers, 2010).…”

Section: Introductionmentioning

confidence: 99%

How Economic Sustainability Is Created By Implementation of Good Corporate Governance In Small Scale Enterprises: Case Study In Tenun Songket Industry In West Sumatera

Engriani¹,

Budiarti²

2019

Proceedings of the 2nd Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2018)

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The purpose of this research is to determine the effect of the implementation principles of good corporate governance on the family firm's economic sustainability. Corporate governance refers to the mechanism used by companies in managing relations between stakeholders, determining the direction or strategic objectives of the company, as well as how to control the company's performance. The population in this study were all songket weaving business units in West Sumatra. The sample was obtained by using Snowball technique and purposive sampling with the criteria of the business unit managed by the family. The number of samples in this study is 118 units of family business of songket weaving in West Sumatera. Data analysis with multiple regression, data is processed by using IBM SPSS statistics 24. From the results of the study obtained the correlation value (R) of 0.397. With a value of α = 0.05, the results obtained (1) Transparency have a significant effect on economic sustainability of Songket weaving industries in West Sumatera with a regression coefficient of-0.132, (2) variable Accountability has a significant effect on economic sustainability of Songket weaving industries in West Sumatera with a regression coefficient 0.110, (3) Responsibility has not significant effect on economic sustainability of Songket weaving industries in West Sumatera with a regression coefficient of 0.019, (4) Variable Fairness has a significant effect on economic sustainability of Songket weaving industries in West Sumatra with a regression coefficient of 0.147.

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Earnings Management in Family Firms: Current State of Knowledge and Opportunities for Future Research

Cited by 13 publications

References 0 publications

Family businesses, risk and adverse selection in the agency relationship

Family businesses, risk and adverse selection in the agency relationship

Controlling generation of family firms and earnings management in Indonesia: The role of accounting experts of audit committees

How Economic Sustainability Is Created By Implementation of Good Corporate Governance In Small Scale Enterprises: Case Study In Tenun Songket Industry In West Sumatera

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