Corporate disclosures by family firms

Journal of Accounting and Economics - Tập 44 Số 1-2 - Trang 238-286 - 2007
Ashiq Ali1, Tai-Yuan Chen2, Suresh Radhakrishnan1
1School of Management, SM41, The University of Texas at Dallas, Richardson, TX 75083-0688, USA
2Hong Kong University of Science and Technology, Kowloon, Hong Kong

Tóm tắt

Từ khóa


Tài liệu tham khảo

Adams, R.B., Almeida, H., Ferreira, D., 2003. Understanding the relationship between founder-CEOs and firm performance. Unpublished working paper. New York University.

Anderson, 2003, Founding-family ownership and firm performance: Evidence from the S&P 500, Journal of Finance, 1301, 10.1111/1540-6261.00567

Anderson, 2003, Founding-family ownership, corporate diversification, and leverage, Journal of Law and Economics, 653, 10.1086/377115

Anderson, 2004, Board composition: balancing family influence in S&P 500 firms, Administrative Sciences Quarterly, 49, 209, 10.2307/4131472

Anderson, 2003, Founding-family ownership and the agency cost of debt, Journal of Financial Economics, 68, 263, 10.1016/S0304-405X(03)00067-9

Arya, 1998, Earnings management and the revelation principle, Review of Accounting Studies, 3, 7, 10.1023/A:1009631714430

Ashbaugh, 2003, Do nonaudit service compromise auditor independence? Further evidence, The Accounting Review, 78, 611, 10.2308/accr.2003.78.3.611

Barth, 2001, Accruals and the prediction of future cash flows, The Accounting Review, 76, 27, 10.2308/accr.2001.76.1.27

Bhushan, 1989, Firm characteristics and analyst following, Journal of Financial Economics, 11, 255

Brennan, 1991, Stock prices and the supply of information, Journal of Finance, 46, 1665, 10.2307/2328568

Burkart, 2003, Family firms, Journal of Finance, 58, 2002, 10.1111/1540-6261.00601

Bushman, 2001, Financial accounting information and corporate governance, Journal of Accounting and Economics, 32, 237, 10.1016/S0165-4101(01)00027-1

BusinessWeek, 2003. Family, Inc. November 10.

Chen, T., 2005. Executive compensation contracts of family firms. Working paper, University of Texas at Dallas.

Cohen, D., 2004. Quality of financial reporting choice: determinants and economic consequences. Working paper, University of Southern California.

Collins, 1989, An analysis of inter-temporal and cross-sectional determinants of earnings response coefficients, Journal of Accounting and Economics, 11, 143, 10.1016/0165-4101(89)90004-9

Dechow, 1996, Causes and consequences of earnings manipulation: An analysis of firm subject to enforcement actions by SEC, Contemporary Accounting Research, 13, 1, 10.1111/j.1911-3846.1996.tb00489.x

Dechow, 1998, The relation between earnings and cash flows, Journal of Accounting and Economics, 25, 133, 10.1016/S0165-4101(98)00020-2

Demsetz, 1985, The structure of corporate ownership: causes and consequences, Journal of Political Economy, 93, 1155, 10.1086/261354

Demski, 1994

Demski, J., 1998. Performance smoothing incentives. Working paper, University of Florida.

Evans, 1996, Multiple control systems, accrual accounting, and earnings management, Journal of Accounting Research, 34, 45, 10.2307/2491331

Fahlenbrach, R., 2004. Founder-CEOs and stock market performance. Unpublished working paper. Wharton School, University of Pennsylvania.

Fama, 1997, Industry cost of equity, Journal of Financial Economics, 43, 153, 10.1016/S0304-405X(96)00896-3

Fields, 2001, Empirical research on accounting choice, Journal of Accounting and Economics, 31, 255, 10.1016/S0165-4101(01)00028-3

Francis, 2004, Costs of equity and earnings attributes, The Accounting Review, 79, 967, 10.2308/accr.2004.79.4.967

Francis, 2005, Earnings and dividend informativeness when cash flow rights are separated from voting rights, Journal of Accounting and Economics, 39, 329, 10.1016/j.jacceco.2005.01.001

Fukui, Y., 1996. Earnings management: not for managers but for investors. Working paper, Carnegie Mellon University.

Gilson R.J., Gordon. J., 2003. Controlling controlling shareholders. Working Paper # 228, Columbia Law School, The Center for Law and Economic Studies, New York.

Healy, 2001, Information asymmetry, corporate disclosure, and the capital markets: a review of the empirical disclosure literature, Journal of Accounting and Economics, 31, 405, 10.1016/S0165-4101(01)00018-0

Healy, 1999, Stock performance and intermediation changes surrounding sustained increases in disclosure, Contemporary Accounting Research, 16, 485, 10.1111/j.1911-3846.1999.tb00592.x

James, 1999, Owner as a manager, extended horizons and the family firm, International Journal of Economics of Business, 6, 41, 10.1080/13571519984304

Kasznik, 1995, To warn or not to warn: management disclosures in the face of an earnings surprise, The Accounting Review, 70, 113

Khanna, 2004, Disclosure practices of foreign companies interacting with US markets, Journal of Accounting Research, 42, 475, 10.1111/j.1475-679X.2004.00146.x

Kothari, 2001, Capital markets research in accounting, Journal of Accounting and Economics, 31, 105, 10.1016/S0165-4101(01)00030-1

Kothari, 2005, Performance matched discretionary accruals measures, Journal of Accounting and Economics, 39, 163, 10.1016/j.jacceco.2004.11.002

Kwak, 2003, The advantages of family ownership, MIT Sloan Management Review (Winter), 12

Lambert, 2001, Contracting theory and accounting, Journal of Accounting and Economics, 32, 3, 10.1016/S0165-4101(01)00037-4

Lang, 1993, Cross-sectional determinants of analyst ratings of corporate disclosures, Journal of Accounting Research, 31, 246, 10.2307/2491273

Lang, 1996, Corporate disclosure policy and analyst behavior, The Accounting Review, 71, 467

La Porta, 1998, Law and finance, Journal of Political Economy, 106, 1113, 10.1086/250042

La Porta, 2000, Investor protection and corporate governance, Journal of Financial Economics, 58, 3, 10.1016/S0304-405X(00)00065-9

Lev, 1983, Some economic determinants of time-series properties of earnings, Journal of Accounting and Economics, 5, 31, 10.1016/0165-4101(83)90004-6

Miller, 2002, Earnings performance and discretionary disclosure, Journal of Accounting Research, 40, 173, 10.1111/1475-679X.00043

Morck, 1988, Management ownership and market valuation: An empirical analysis, Journal of Financial Economics, 20, 293, 10.1016/0304-405X(88)90048-7

Palia, D., Ravid, S.A., 2002. The role of founders in large companies: Entrenchment or valuable human capital? Unpublished working paper. Rutgers University.

Patel, S.A., Dallas, G., 2002. Transparency and disclosure: overview of methodology and study results—United States. Standard and Poor's.

Pérez-González, F., 2001. Does inherited control hurt firm performance? Unpublished working paper. Columbia University.

Searcey, 2005, Executives on trial: Adelphia's John Rigas get 15 years, Wall Street Journal

Securities and Exchange Commission Litigation Release No. 17627, July 24 2002.

Shleifer, 1997, A survey of corporate governance, Journal of Finance, 52, 737, 10.2307/2329497

Skinner, 1993, The investment opportunity set and accounting procedure choice: Preliminary evidence, Journal of Accounting and Economics, 16, 407, 10.1016/0165-4101(93)90034-D

Skinner, 1994, Why firms voluntarily disclose bad news?, Journal of Accounting and Economics, 32, 38, 10.2307/2491386

Smith, 1999, Management succession and financial performance of family controlled firms, Journal of Corporate Finance, 5, 341, 10.1016/S0929-1199(99)00010-3

Stein, 1988, Takeover threats and managerial myopia, Journal of Political Economy, 96, 61, 10.1086/261524

Stein, 1989, Efficient capital markets, inefficient firms: a model of myopic corporate behavior, Quarterly Journal of Economics, 106, 655, 10.2307/2937861

Stoll, 1978, The pricing of security dealer services: an empirical study of Nasdaq tocks, Journal of Finance, 33, 1153, 10.2307/2326946

Villalonga, 2006, How do family ownership, control, and management affect firm value?, Journal of Financial Economics, 10.1016/j.jfineco.2004.12.005

Wang, 2006, Founding family ownership and earnings quality, Journal of Accounting Research, 10.1111/j.1475-679X.2006.00213.x

Warfield, 1995, Managerial ownership, accounting choices, and informativeness of earnings, Journal of Accounting and Economics, 20, 61, 10.1016/0165-4101(94)00393-J

Welker, 1995, Disclosure policy, information asymmetry, and liquidity in equity markets, Contemporary Accounting Research, 11, 801, 10.1111/j.1911-3846.1995.tb00467.x