About this book
This book provides a critical analysis of the current state of knowledge on the relationship between family firms and a wide range of accounting choices, including earnings management, accounting conservatism, and financial and non-financial disclosure. In examining the choices made in family firms, the authors explore and elucidate the relevance of agency, socioemotional wealth, stewardship, and resource-based theories. Readers will also find close consideration of the impacts of a country’s culture and societal values on accounting choices. In particular, further evidence is provided on the impact of different cultures on accounting conservatism in family businesses. Finally, avenues for future accounting research on family firms are discussed, highlighting theoretical and empirical challenges. In addition to offering a revealing analysis of the influence of ownership types and cultures on accounting choices within family firms, the book identifies significant practical implications for the management of family firms and policy implications for regulators and standard setters.
Family firms Accounting choices Financial reporting Agency theory Socio-emotional wealth theory Earnings quality Non-financial disclosure Accounting culture Family business Earnings management Accounting conservatism
“Accounting Choices in Family Firms is a very interesting source of information for both Researchers, Professionals and Political Decisors, accessible to anyone interested in these topics.” (Manuel Alberto M. Ferreira, International Journal of Finance, Insurance and Risk Management, Vol. 8 (2), December, 2018)