The Influence of Family Ownership on the Quality of Accounting Information
利用意大利股权市场高度集中的特点，研究发现家族企业比非家族企业提供更高质量的财务信息，且两类企业会计质量的决定因素不同。
This article explores the quality of accounting information in listed family firms. The authors exploit the features of the Italian equity market characterized by high ownership concentration across all types of firms to disentangle the effects of family ownership from other major block holders on the quality of accounting information. The findings document that family firms convey financial information of higher quality compared to their nonfamily peers. Furthermore, the authors provide evidence that the determinants of accounting quality differ across family and nonfamily firms.