Family Ownership and Accrual-Based Earnings Management: Evidence from Tunisia

IF 0.7 Q4 BUSINESS, FINANCE

Asian Academy of Management Journal of Accounting and Finance Pub Date : 2021-06-30 DOI:10.21315/aamjaf2021.17.1.4

Atika Ben Gamra, D. Ellouze

引用次数: 1

Abstract

The aim of this paper is to investigate the effect of family shareholding and chief executive officer (CEO) characteristics on earnings management. We use panel data for a sample of 37 Tunisian non-financial listed firms over the period 2007–2017. We contribute to the literature on corporate governance in family firms by testing the effect of the presence of a family or a founder CEO on earnings management in Tunisia. Our results show that the family ownership and the presence of a family CEO (either founder or not) are positively and significantly associated with earnings management practices. These findings suggest that families’ dominance with a significant equity stake and a CEO position under control leads to an entrenchment effect resulting in poor earnings reporting quality.

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家族所有权与权责发生制盈余管理:来自突尼斯的证据

本文的目的是探讨家族持股和首席执行官(CEO)特征对盈余管理的影响。我们使用2007-2017年期间37家突尼斯非金融上市公司样本的面板数据。我们通过测试家族或创始人CEO的存在对突尼斯盈余管理的影响，为家族企业公司治理的文献做出贡献。我们的研究结果表明，家族所有权和家族CEO(无论是创始人还是非创始人)的存在与盈余管理实践呈正相关。这些发现表明，拥有大量股权的家族主导地位和控制CEO职位导致堑壕效应，从而导致较差的收益报告质量。

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

Asian Academy of Management Journal of Accounting and Finance BUSINESS, FINANCE-

CiteScore

1.50

自引率

0.00%

发文量

审稿时长

20 weeks

期刊介绍： To provide a forum for the exchange of ideas and dissemination of empirical findings and analytical research in the specialized areas of accounting and finance with special emphasis on scholarly works with policy implications for countries in the Asia Pacific. The following are some of the topical subject areas relevant to the journal (but are not limited to): Accounting • Financial reporting and accounting standards • Auditing issues • Value based accounting and its relevance • Theory of accounting firm • Environmental auditing • Corporate governance issues • Public sector accounting Finance • Valuation of financial assets • International capital flows • Ownership and agency theory • Stock market behavior • Investment and portfolio management • Islamic banking and finance • Microstructures of financial markets