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Succession,Socioemotional Wealth And Accounting Conservatism

Posted on:2020-04-12Degree:MasterType:Thesis
Country:ChinaCandidate:Y ChenFull Text:PDF
GTID:2439330620952723Subject:Accounting
Abstract/Summary:PDF Full Text Request
As a special form of enterprise organization,family firms have been the focus of academic research,its governance mechanism and disclosure of accounting information have long been concerned.Compared with non-family firmses,family firms are more inclined to build internal information communication channels to protect the exclusive sharing of information by family members,establish informal contracts with external stakeholders on private networks,so as to gain information superiority,confirm positive benefits in advance,and reduce accounting conservatism to achieve the effect of earnings management.However,as time goes by,the founders of many family firms in China have gradually withdrawn from business operations and embarked on succession.This process is accompanied by the loss of specialized assets,narrowing of private information communication channels and changes of outside supervision,thus prompting family firms to adjust the governance model and improve accounting conservatism.The existing research finds that socioemotional wealth(SEW)is an important factor affecting family business behavior and decision-making.The motivation of protection SEW plays an important role in the relation between succession and accounting conservatism.This article takes the sample of listed family firms from 2012 to 2017 to explore the changes of accounting conservatism before and after the succession of family firms.Based on the classification of social emotional wealth,we also analyze the impact of restricted socioemotional wealth and extended socioemotional wealth on the relationship between succession and accounting conservatism.Through empirical research,we draw the conclusions as follow:(1)The succession of family firms will improve the accounting conservatism;(2)Restricted SEW weakens the positive relationship between succession and accounting conservatism;(3)Extended SEW promotes the positive relationship between the succession of the family firms and the accounting conservatism.
Keywords/Search Tags:family firms, succession, accounting conservatism, socioemotional wealth
PDF Full Text Request
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