| Summary: | 碩士 === 國立雲林科技大學 === 會計系 === 105 === Managerial strategic earnings reporting can be implemented through accounting accruals and/or real activities manipulation. The earnings management of firms can be divided into accrual-based earnings management and real earnings management. Based on the listed firms in Taiwan stocks market, this study examines whether there are significant differences in earnings management decisions between family firms and non-family firms. Although real earnings management can improve short-term earnings, yet, it may have a negative impact on the future business performance and sustainable development of the firms. This study conjectures that family firms have incentives to use accrual-based earnings management rather than use real earnings management to improve their earnings target. The empirical results document that, as conjectured, the family firms are negatively associated with real earnings management, however, are positively associated with discretionary accruals. These results indicate that the family firms are unlikely to use real earnings management to improve earnings performance to exclude its negative impacts on the sustainable development of the firms and to avoid those that inhibit the firm’s long-term value. This study demonstrates some diagnostic checks and evidences the results are robust to the various specifications.
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