Document Type
Conference Item
Publication Date
7-7-2015
Abstract
This paper examines whether family ownership of private companies influences financial reporting quality and voluntary disclosures. Results reveal that family ownership impacts positively on financial reporting quality and on the likelihood of lodging abbreviated financial reports. While family-owned private companies have fewer incentives to provide voluntary information as they incur higher proprietary information costs, results support the argument that financial reporting quality and voluntary disclosure have different economic roles. Findings also suggest that lower voluntary disclosures do not necessarily imply financial reporting quality will be adversely affected, which has implications for policy makers and accounting standards setters. JEL Classification: M41, M43, M44, M47, M49, G34 Keywords Financial reporting quality, abbreviatedfinancial reports, voluntary disclosure, family ownership, private companies.
Keywords
Financial reporting quality, Abbreviated financial reports, Voluntary disclosure, Family ownership, Private companies
Divisions
Faculty_of_Business_and_Accountancy
Event Title
Accounting and Finance Association of Australi and New Zealand 2016
Event Location
Hobart,Australia
Event Dates
5-7 July 2015
Event Type
conference