Earnings management in family versus non-family firms: the influence of analyst coverage

• Inna Sousa Paiva ^[1] ; Isabel Costa Lourenço ^[1] ; José Dias Curto ^[1]
  1. [1] Instituto Universitário de Lisboa

     Instituto Universitário de Lisboa

     Socorro, Portugal

     
• Localización: Revista española de financiación y contabilidad, ISSN 0210-2412, Vol. 48, Nº 2, 2019, págs. 113-133
• Idioma: inglés
• Títulos paralelos:
  • Manipulación de resultados en las empresas familiares frente a las no familiares: la influencia de la cobertura de los analistas
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• Dialnet Métricas: 3 Citas
• Resumen
  • español

    Este estudio investiga la relación entre el nivel de manipulación de resultados en empresas familiares y no familiares, y analiza si esta relación depende del nivel de supervisión de los analistas. El estudio empírico se basa en una muestra de 1.043 empresas cotizadas en el Reino Unido. Encontramos que las empresas familiares tienen niveles más altos de manipulación de resultados en comparación con las empresas no familiares, a menos que sean seguidas por un número significativo de analistas. Este estudio llena un vacío en la literatura al sugerir que no todas las empresas familiares deben ser consideradas iguales cuando se trata de incentivos para la manipulación de resultados. También resalta el efecto moderador de la cobertura del analista en la relación entre el estatus familiar y la manipulación de resultados.

  • English

    This study investigates the relationship between the level of earnings management in family and non-family firms and analyses whether or not this relationship depends on the level of the monitoring effect from analysts. The empirical study relies on a sample of 1,043 UK-listed firms. We find that family firms have higher levels of earnings management as compared to non-family firms, unless they are followed by a significant number of analysts. This study fills a gap in the literature by suggesting that not all family firms should be considered the same when addressing incentives for earnings management. It also highlights the moderator effect of the analyst coverage in the relationship between the family status and earnings management.

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