Accounting Choices in Family Firms

This book provides a critical analysis of the current state of knowledge on the relationship between family firms and a wide range of accounting choices, including earnings management, accounting conservatism, and financial and non-financial disclosure. In examining the choices made in family firms, the authors explore and elucidate the relevance of agency, socioemotional wealth, stewardship, and resource-based theories. Readers will also find close consideration of the impacts of a country's culture and societal values on accounting choices. In particular, further evidence is provided on the impact of different cultures on accounting conservatism in family businesses. Finally, avenues for future accounting research on family firms are discussed, highlighting theoretical and empirical challenges. In addition to offering a revealing analysis of the influence of ownership types and cultures on accounting choices within family firms, the book identifies significant practical implications for the management of family firms and policy implications for regulators and standard setters.

Explores the relevance of different theories to the accounting choices made in family firms Examines the impacts of culture and societal values on accounting choices Provides a comprehensive and structured review of definitions of family firms Offers numerous suggestions for future research on family firms and accounting choices

Auteur
Silvia Ferramosca, PhD, CPA, is a Post-Doc Research Fellow in the Department of Economics and Management, University of Pisa, Italy. Her research interests are focused on corporate governance, financial accounting, intellectual capital, family business, and auditing. She is the author of recent studies on these topics published in the Family Business Review, the International Journal of Business Governance and Ethics, and the Journal of Management and Governance.
Alessandro Ghio, MRes, PhD, is an Assistant Lecturer in the Accounting Department at Monash University, Australia. He gained his doctorate in Accounting from the University of Pisa and his MRes from ESSEC Business School. His research focuses on issues surrounding financial reporting quality, IFRS, audit, and intangible assets. Prior to joining Monash University, Alessandro was a visiting scholar at Indiana University and a consultant for the Italian Ministry of Education on social mobility in education.

Contenu
1 Introduction.- 2 The family business.- 3 Earnings management in family firms.- 4 Accounting conservatism in family firms.- 5 Corporate disclosure in family firms.- 6 The relationship between accounting choice and family business: What is the role of culture?.- 7 Conclusions.