Earnings Management and Performance in Family-Controlled: Evidence from an emerging economy
Files
Date
2014-11-27
Type:
Working Paper
item.page.extent
item.page.accessRights
item.contributor.advisor
ORCID:
Journal Title
Journal ISSN
Volume Title
Publisher
item.page.isbn
item.page.issn
item.page.issne
item.page.doiurl
item.page.other
item.page.references
Abstract
This study introduces an earnings management dimension to compute premanipulated
accounting performance to determine whether family-controlled firms have higher
performance relative to non-family-controlled firms. Using a premanipulated return on assets measure for Chilean firms dataset, we find that the premanipulated performance of family controlled firms is superior to that of non-family-controlled firms. We also show that the presence of institutional investors in the firm’s ownership structure has a positive influence on performance of family companies. The results suggest that earnings management behavior is not sufficient to explain the higher performance of family-controlled firms that has been reported in the literature
Description
item.page.coverage.spatial
item.page.sponsorship
Citation
Keywords
Family-controlled firms, Earnings management, Accounting performance