Accounting Choices in Family Firms

Accounting Choices in Family Firms
Author: Silvia Ferramosca,Alessandro Ghio
Publsiher: Springer
Total Pages: 265
Release: 2018-03-13
Genre: Business & Economics
ISBN: 9783319735887

Download Accounting Choices in Family Firms Book in PDF, Epub and Kindle

This book provides a critical analysis of the current state of knowledge on the relationship between family firms and a wide range of accounting choices, including earnings management, accounting conservatism, and financial and non-financial disclosure. In examining the choices made in family firms, the authors explore and elucidate the relevance of agency, socioemotional wealth, stewardship, and resource-based theories. Readers will also find close consideration of the impacts of a country’s culture and societal values on accounting choices. In particular, further evidence is provided on the impact of different cultures on accounting conservatism in family businesses. Finally, avenues for future accounting research on family firms are discussed, highlighting theoretical and empirical challenges. In addition to offering a revealing analysis of the influence of ownership types and cultures on accounting choices within family firms, the book identifies significant practical implications for the management of family firms and policy implications for regulators and standard setters.

Capital Structure Earnings Management and Risk of Financial Distress

Capital Structure  Earnings Management  and Risk of Financial Distress
Author: Pietro Gottardo,Anna Maria Moisello
Publsiher: Springer
Total Pages: 99
Release: 2018-09-24
Genre: Business & Economics
ISBN: 9783030003449

Download Capital Structure Earnings Management and Risk of Financial Distress Book in PDF, Epub and Kindle

This book analyzes the impacts that family control of firms has on capital structure choices, leverage and the risk of financial distress, earnings management practices, and the relation between accounting choices and firm market value. For these purposes, longitudinal data on Italian family and non-family non-financial firms are closely analyzed. The Italian setting is of special interest in this context because family businesses account for 94% of GDP, families are particularly committed to maintaining control of firms, and the economy is bank based rather than market based. The analyses draw on the socioemotional wealth approach, which emphasizes the importance of the stock of emotional value in family firms, in combination with financial theories such as Pecking Order Theory, Trade-off Theory, and Agency Theory. The findings cast significant new light on differences between family and non-family firms and the effects of different forms of family influence. The book will have broad appeal for academics, managers, practitioners, and policymakers.

Handbook of Research on Entrepreneurial Leadership and Competitive Strategy in Family Business

Handbook of Research on Entrepreneurial Leadership and Competitive Strategy in Family Business
Author: Saiz-Álvarez, José Manuel,Palma-Ruiz, Jesús Manuel
Publsiher: IGI Global
Total Pages: 559
Release: 2019-04-15
Genre: Business & Economics
ISBN: 9781522580133

Download Handbook of Research on Entrepreneurial Leadership and Competitive Strategy in Family Business Book in PDF, Epub and Kindle

This reference book is an IGI Global Core Reference for 2019 as it provides trending research on family businesses. With the recent boom in entrepreneurship and the maker market, this publication will provide the timeliest research outlining how family businesses can enhance their business practices to ensure sustainability. The Handbook of Research on Entrepreneurial Leadership and Competitive Strategy in Family Business is a collection of innovative research on business and leadership strategies that can be applied to family firms in order to boost efficiency, competitiveness, and optimal use of resource allocation to compete internationally. While highlighting topics including global leadership, knowledge creation, and market performance, this book is ideally designed for business managers, management professionals, executives, researchers, academicians, and students seeking current research on the entrepreneurship role of family businesses in the modern economic age.

A Contingent Perspective on Management Accounting Systems in Family Firms

A Contingent Perspective on Management Accounting Systems in Family Firms
Author: Arthur Posch
Publsiher: Unknown
Total Pages: 46
Release: 2017
Genre: Electronic Book
ISBN: OCLC:1305399063

Download A Contingent Perspective on Management Accounting Systems in Family Firms Book in PDF, Epub and Kindle

This study analyzes both theoretically and empirically management accounting system choices in family firms with family CEOs in comparison to non-family firms and family firms with external CEOs. After theorizing differences with regard to both decision-facilitating (timeliness of management accounting information) and decision-influencing (objective performance evaluation, target specificity, target deviation tolerance) management controls, I argue that family CEOs with a propensity for technocratic decision making are better capable of balancing family and business perspectives. This implies that technocratic decision making weakens the family effect on management accounting system choices. Drawing on a dataset of 190 Austrian small and medium-sized firms from the manufacturing industry the results indicate idiosyncratic behavior of family firms in terms of management accounting system choices. Furthermore, the results corroborate the hypothesis that technocratic decision making moderates the family effect on management accounting systems. Finally, I also conduct an exploratory performance analysis to shed more light on the performance effects of management accounting systems in family firms. The findings indicate that only timeliness of management accounting information displays a significant positive effect while the decision-influencing management controls are not related to firm performance.

Research Anthology on Developing Socially Responsible Businesses

Research Anthology on Developing Socially Responsible Businesses
Author: Management Association, Information Resources
Publsiher: IGI Global
Total Pages: 2235
Release: 2022-03-04
Genre: Business & Economics
ISBN: 9781668455913

Download Research Anthology on Developing Socially Responsible Businesses Book in PDF, Epub and Kindle

In today’s world of global change, it has never been more critical for businesses to adapt their strategies, management styles, and policies to match that of the surrounding environment. Consumers are increasingly becoming more aware of the impact that businesses and product consumption have on environmental health. Thus, businesses have had to alter their production workflows to better suit a more environmentally conscious customer base. As society faces numerous issues related to the environment, health, poverty, and social justice, the need for socially responsible businesses is crucial to develop and improve the overall landscape of the business field. The Research Anthology on Developing Socially Responsible Businesses discusses the best practices, challenges, opportunities, and benefits of creating socially responsible businesses and provides a context of why these business models are needed. This essential text also considers how society has changed over time and how businesses must adjust their ideals and practices in order to survive in a changing world. Covering a range of topics such as accountability, environmental issues, and human rights, this major reference work is ideal for business owners, managers, policymakers, academicians, researchers, scholars, practitioners, instructors, and students.

The SAGE Handbook of Family Business

The SAGE Handbook of Family Business
Author: Leif Melin,Mattias Nordqvist,Pramodita Sharma
Publsiher: SAGE
Total Pages: 696
Release: 2013-11-15
Genre: Business & Economics
ISBN: 9781446265932

Download The SAGE Handbook of Family Business Book in PDF, Epub and Kindle

The SAGE Handbook of Family Business captures the conceptual map and state-of-the-art thinking on family business - an area experiencing rapid global growth in research and education since the last three decades. Edited by the leading figures in family business studies, with contributions and editorial board support from the most prominent scholars in the field, this Handbook reflects on the development and current status of family enterprise research in terms of applied theories, methods, topics investigated, and perspectives on the field's future. The SAGE Handbook of Family Business is divided into following six sections, allowing for ease of navigation while gaining a multi-dimensional perspective and understanding of the field. Part I: Theoretical perspectives in family business studies Part II: Major issues in family business studies Part III: Entrepreneurial and managerial aspects in family business studies Part IV: Behavioral and organizational aspects in family business studies Part V: Methods in use in family business studies Part VI: The future of the field of family business studies By including critical reflections and presenting possible alternative perspectives and theories, this Handbook contributes to the framing of future research on family enterprises around the world. It is an invaluable resource for current and future scholars interested in understanding the unique dynamics of family enterprises under the rubric of entrepreneurship, strategic management, organization theory, accounting, marketing or other related areas.

Research Anthology on Strategies for Maintaining Successful Family Firms

Research Anthology on Strategies for Maintaining Successful Family Firms
Author: Management Association, Information Resources
Publsiher: IGI Global
Total Pages: 1146
Release: 2021-08-27
Genre: Business & Economics
ISBN: 9781668435519

Download Research Anthology on Strategies for Maintaining Successful Family Firms Book in PDF, Epub and Kindle

Family-owned businesses account for many of the small and medium-sized enterprises that exist around the world in various industries. Due to their unique make up, these firms are often heavily influenced by family dynamics that must be reconciled by family and non-family workers alike in order to ensure the sustainability of the business. As smaller businesses competing against an increasingly globalized economy and more directly impacted by economic instability, especially in the wake of the COVID-19 pandemic, these businesses must continue to improve their practices and processes in order to not only survive but thrive. The Research Anthology on Strategies for Maintaining Successful Family Firms discusses the strategies, sustainability, and human aspects of family firms in order to understand what sets them apart from other businesses and how they can survive and compete in a globalized economy. This book discusses the unique dynamic brought by family firms that offers both opportunities and challenges for a growing business. Covering topics such as corporate venturing, the family unit, and business ethics, this text is an essential resource for family firms, entrepreneurs, managers, business students, business professors, researchers, and academicians.

The Routledge Companion to Family Business

The Routledge Companion to Family Business
Author: Franz W. Kellermanns,Frank Hoy
Publsiher: Taylor & Francis
Total Pages: 612
Release: 2016-09-13
Genre: Business & Economics
ISBN: 9781317419990

Download The Routledge Companion to Family Business Book in PDF, Epub and Kindle

The Routledge Companion to Family Business offers a definitive survey of a field that has seen rapid growth in research in recent years. Edited by leading scholars with contributions from the top minds in family business from around the world, this volume provides researchers and scholars with a comprehensive understanding of the state of the discipline. Over 25 chapters address a wide variety of subjects, providing readers with a thorough review of the key research themes in the modern family firm, such as corporate social responsibility and bank debt rationing. International examples cover a wide range of economies including China, Europe, and Latin America. The book will appeal to undergraduates, postgraduates and business instructors seeking a definitive view of the issues and solutions that affect and support family business.