Is the Earnings Quality of Family Businesses Better Than Non-family Businesses?

IF 3.6 Q1 BUSINESS, FINANCE
Golrida Karyawati Purba, Audrey Natasha Surya, Prem Lal Joshi, Anshu Tyagi
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Abstract

Objective - This study aims to prove whether the earnings quality of family businesses is better than non-family businesses to address two conflicting theories regarding the quality of family business earnings: agency theory and socioemotional wealth theory. Methodology/Technique –. This research uses a regression model to examine the influence of family business/non-family business characteristics on earnings quality. To obtain robust results, this research measures earnings quality using 5 measurement proxies, including measurements of available opportunities for earnings management, earnings management practices, earnings persistence, earnings restatement, and investor responsiveness to earnings quality. The screening sample was carried out on firms listed on the Indonesia Stock Exchange (IDX) for the period 2016–2020, resulting in 932 research observations. Findings - Overall, this research proves that FB earnings quality is better than NFB earnings quality. The results of this study extend the implementation of socioemotional wealth theory in explaining the characteristics of FB, in which the characteristics of FB and non-FB have an impact on earnings quality. Novelty - Financial statement analysts can utilize the results of this study in interpreting earnings quality based on the characteristics of FB and NFB. Type of Paper: Empirical JEL Classification: M41, M49. Keywords: Earnings Quality, Family Business (FB), Non-family Business (NFB), Socioemotional Wealth Theory Reference to this paper should be referred to as follows: Purba, G.K; Surya, A.N; Joshi, P.L; Tyagi, A. (2023). Is the Earnings Quality of Family Businesses Better Than Non-family Businesses?, Acc. Fin. Review, 8(2), 36 – 53. https://doi.org/10.35609/afr.2023.8.2(1)
家族企业的盈余质量比非家族企业好吗?
目的-本研究旨在证明家族企业的盈余质量是否优于非家族企业,以解决关于家族企业盈余质量的两个相互冲突的理论:代理理论和社会情感财富理论。方法/技术-。本研究采用回归模型检验家族企业/非家族企业特征对盈余质量的影响。为了获得可靠的结果,本研究使用5种衡量代理来衡量盈余质量,包括衡量盈余管理的可用机会、盈余管理实践、盈余持续性、盈余重述和投资者对盈余质量的反应。筛选样本是在2016-2020年期间在印度尼西亚证券交易所(IDX)上市的公司进行的,产生了932个研究观察。研究结果-总体而言,本研究证明FB盈余质量优于NFB盈余质量。本研究的结果扩展了社会情感财富理论在解释财务报表特征方面的应用,其中财务报表特征和非财务报表特征对盈余质量有影响。新颖性-财务报表分析师可以利用本研究的结果来解释基于财务报表和非财务报表特征的盈余质量。论文类型:Empirical JEL分类:M41, M49。关键词:盈余质量,家族企业(FB),非家族企业(NFB),社会情感财富理论,本文参考文献如下:Purba, G.K;叙利娅,蒋振声;Joshi P.L;Tyagi, A.(2023)。家族企业的盈余质量比非家族企业好吗?, Acc。文献综述,8(2),36 - 53。https://doi.org/10.35609/afr.2023.8.2 (1)
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
4.30
自引率
0.00%
发文量
18
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