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http://hdl.handle.net/1942/38780
Title: | Ownership succession intentions affecting earnings management in private family firms | Authors: | UMANS, Ine CORTEN, Maarten |
Issue Date: | 2022 | Publisher: | Source: | SMALL BUSINESS ECONOMICS, | Status: | Early view | Abstract: | Drawing on agency and socioemotional wealth theory, this study elucidates that ownership succession intentions affect earnings management in private family firms. Based on a combination of questionnaire data and archival data of 331 Belgian private family firms, results indicate that family firms intending to transfer ownership to non-family members engage more in earnings management than those planning to transfer ownership to family members. Our findings also show differences in earnings management within each subset of ownership succession, thereby highlighting family firm heterogeneity. Family owners intending to transfer ownership to their children engage less in upward earnings management than those planning to transfer ownership to other family members. Family owners intending to transfer ownership to employees engage more in downward earnings management than those intending to transfer ownership to outsiders. This study contributes to both theory and practice by considering ownership succession intentions as a driver of earnings management. | Keywords: | Private family firms;Earnings management;Ownership succession;Family firm heterogeneity;Agency theory;Socioemotional wealth | Document URI: | http://hdl.handle.net/1942/38780 | ISSN: | 0921-898X | e-ISSN: | 1573-0913 | DOI: | 10.1007/s11187-022-00696-5 | ISI #: | WOS:000865693000002 | Rights: | The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2022 | Category: | A1 | Type: | Journal Contribution | Validations: | ecoom 2023 |
Appears in Collections: | Research publications |
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Umans & Corten (2022)_SBE_Ownership succession intentions affecting earnings management in private family firms.pdf Restricted Access | Early view | 599.32 kB | Adobe PDF | View/Open Request a copy |
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