The Association between Founding Family Firms andAccounting Conservatism

• Main Authors: Yi-an Chen, 陳羿安
• Other Authors: none
• Format: Others
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/77673843010088998828

碩士 === 國立中央大學 === 企業管理研究所 === 97 === This study investigates the association between founding family ownership and account-ing conservatism with using three conservatism measures: a market-based measure, and an accrual-based measure, and a measure of asymmetric timeliness of earnings. We find that family firms are more conservatism than non-family firms. These findings are consistent with the notion that family owners are more concerned with reputation costs, are more conservat-ism. Furthermore, we find that conservatism increases with family firms in non-family profes-sional CEOs, and document that without voting-cash flow rights divergence prefer accounting conservatism.