The DOI matches its Crossref record; 47 of the 47 references it cites were found in a registry or an index.
Founding Family Ownership and Earnings Quality: founding family ownership
Open accessAbstract
This study investigates the relation between founding family ownership and earnings quality using data from the Standard & Poor's 500 companies. Existing literature has documented that financial reporting is of higher quality when firms have stronger corporate governance mechanisms and when there is greater demand for quality financial reporting. I provide two competing theories of the effect of founding family ownership on the demand and supply of earnings quality: the entrenchment effect and the alignment effect. The empirical results show that, on average, founding family ownership is associated with higher earnings quality. In particular, I find consistent evidence that founding family ownership is associated with lower abnormal accruals, greater earnings informativeness, and less persistence of transitory loss components in earnings. In addition, the results suggest a nonlinear relation between family ownership and earnings quality.
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Cites
Theory of the firm: Managerial behavior, agency costs and ownership structure
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A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity
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A Survey of Corporate Governance
Shleifer, A., & Vishny, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb04820.x · Cited by 16,243
The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration
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Large Shareholders and Corporate Control
Shleifer, A., & Vishny, R. W. (1986) · Journal of Political Economy · doi:10.1086/261385 · Cited by 8,408
Earnings Management During Import Relief Investigations
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Cited by
The role of information and financial reporting in corporate governance and debt contracting
Armstrong, C. S., Guay, W. R., & Weber, J. P. (2010) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2010.10.001 · Cited by 1,494
Metadata
- Authors
- WANG, D.
- Venue
- Journal of Accounting Research
- Publisher
- Wiley
- Published
- 2006-04-19
- Volume
- 44
- Issue
- 3
- Pages
- 619-656
- ISSN
- 0021-8456 (ISSN-L)
- OpenAlex
- W2069813183
- Cited by
- 1,121
- References
- 47
- FWCI
- 109.31
- Type
- journal article
- Language
- en
- Open access
- green
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