Jara-Bertin, Mauricio and López-Iturriaga, Félix J. (2008): Earnings Management and Contest to the Control: An Analysis of European Family Firms.
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This paper analyzes the influence of large shareholders on earnings management in family-owned firms using a sample of firms from 11 European countries. We consider how the contest to the control of the largest shareholder and the existence of a controlling coalition in family-owned firms affect earnings management in these firms. We find that increased contestability of the control of the largest shareholder reduces earnings management in family-owned firms. Our results also show that in firms in which the largest shareholder is a family, a second or third family shareholder increases discretionary accruals.
|Item Type:||MPRA Paper|
|Original Title:||Earnings Management and Contest to the Control: An Analysis of European Family Firms|
|Keywords:||corporate control; discretionary accruals; earnings management; family firms|
|Subjects:||M - Business Administration and Business Economics; Marketing; Accounting > M4 - Accounting and Auditing > M41 - Accounting
G - Financial Economics > G3 - Corporate Finance and Governance > G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
|Depositing User:||Félix López-Iturriaga|
|Date Deposited:||22. Jul 2008 09:08|
|Last Modified:||12. Feb 2013 10:16|
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