© 2018

Accounting Choices in Family Firms

An Analysis of Influences and Implications

  • Explores the relevance of different theories to the accounting choices made in family firms

  • Examines the impacts of culture and societal values on accounting choices

  • Provides a comprehensive and structured review of definitions of family firms

  • Offers numerous suggestions for future research on family firms and accounting choices


Part of the Contributions to Management Science book series (MANAGEMENT SC.)

Table of contents

  1. Front Matter
    Pages i-xii
  2. Silvia Ferramosca, Alessandro Ghio
    Pages 1-12
  3. Silvia Ferramosca, Alessandro Ghio
    Pages 13-102
  4. Silvia Ferramosca, Alessandro Ghio
    Pages 103-138
  5. Silvia Ferramosca, Alessandro Ghio
    Pages 139-164
  6. Silvia Ferramosca, Alessandro Ghio
    Pages 165-221
  7. Silvia Ferramosca, Alessandro Ghio
    Pages 255-265

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

Authors and affiliations

  1. 1.Department of Economics and ManagementUniversity of PisaPisaItaly
  2. 2.Department of AccountingMonash UniversityCaulfield East, MelbourneAustralia

About the authors

Silvia Ferramosca, PhD, CPA, is a Post-Doc Research Fellow in the Department of Economics and Management, University of Pisa, Italy. Her research interests are focused on corporate governance, financial accounting, intellectual capital, family business, and auditing. She is the author of recent studies on these topics published in the Family Business Review, the International Journal of Business Governance and Ethics, and the Journal of Management and Governance.

Alessandro Ghio, MRes, PhD, is an Assistant Lecturer in the Accounting Department at Monash University, Australia. He gained his doctorate in Accounting from the University of Pisa and his MRes from ESSEC Business School. His research focuses on issues surrounding financial reporting quality, IFRS, audit, and intangible assets. Prior to joining Monash University, Alessandro was a visiting scholar at Indiana University and a consultant for the Italian Ministry of Education on social mobility in education.

Bibliographic information

  • Book Title Accounting Choices in Family Firms
  • Book Subtitle An Analysis of Influences and Implications
  • Authors Silvia Ferramosca
    Alessandro Ghio
  • Series Title Contributions to Management Science
  • Series Abbreviated Title Contributions to Management Science(Physica)
  • DOI
  • Copyright Information Springer International Publishing AG, part of Springer Nature 2018
  • Publisher Name Springer, Cham
  • eBook Packages Business and Management Business and Management (R0)
  • Hardcover ISBN 978-3-319-73587-0
  • Softcover ISBN 978-3-030-08816-3
  • eBook ISBN 978-3-319-73588-7
  • Series ISSN 1431-1941
  • Series E-ISSN 2197-716X
  • Edition Number 1
  • Number of Pages XII, 265
  • Number of Illustrations 11 b/w illustrations, 0 illustrations in colour
  • Topics Accounting/Auditing
    Family Business
    Financial Accounting
    Business Finance
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“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)