Family ownership, family identity of CEO, and accounting conservatism: evidence from Taiwan

IF 2.8 4区管理学 Q2 BUSINESS, FINANCE

Accounting Forum Pub Date : 2021-08-27 DOI:10.1080/01559982.2021.1957542

Hwa‐Hsien Hsu, S. Tsao, Che‐Hung Lin

引用次数: 2

Abstract

ABSTRACT This study investigates how variations in family ownership configurations and family identity of the CEO affect family firms’ accounting conservatism in the East Asian economy, Taiwan. To address this objective, this study extends the traditional agency perspective and employs a socioemotional wealth framework. Findings document that family ownership is positively associated with family firms’ accounting conservatism, whereas the degree of disparity between family cash flow and voting rights is negatively related to accounting conservatism. Additionally, family firms with a founder CEO are more likely to report conservatively than those with a descendent CEO. Our study expands the growing literature on how family owners’ corporate governance features affect financial reporting decisions.

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家族持股、CEO家族认同与会计稳健性:来自台湾的证据

摘要本研究旨在探讨东亚经济体台湾地区家族企业中，家族股权结构与CEO家族身份的差异对家族企业会计稳健性的影响。为了实现这一目标，本研究扩展了传统的代理视角，并采用了社会情感财富框架。研究发现，家族所有权与家族企业的会计稳健性呈正相关，而家族现金流和投票权之间的差异程度与会计稳健性呈负相关。此外，由创始人担任CEO的家族企业比由后代担任CEO的家族企业更有可能在报告中保守。我们的研究扩展了越来越多的关于家族所有者的公司治理特征如何影响财务报告决策的文献。

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

Accounting Forum BUSINESS, FINANCE-

CiteScore

5.20

自引率

6.50%

发文量

期刊介绍： Accounting Forum publishes authoritative yet accessible articles which advance our knowledge of theory and practice in all areas of accounting, business finance and related subjects. The journal both promotes greater understanding of the role of business in the global environment, and provides a forum for the intellectual exchange of academic research in business fields, particularly in the accounting profession. Covering a range of topical issues in accounting, business finance and related fields, Accounting Forum''s main areas of interest are: accounting theory; auditing; financial accounting; finance and accounting education; management accounting; small business; social and environmental accounting; and taxation. Of equal interest to practitioners, academics, and students, each issue of the journal includes peer-reviewed articles, notes and comments section.