Blame You, Blame Me: Exploring Attribution Differences and Impact in Family and Nonfamily Firms
研究了上市家族与非家族企业在年报中如何自利归因，发现家族企业更多将差业绩归咎于外部因素，且市场对此反应更负面。
We explore how publicly listed family and nonfamily firms engage in self-serving attributions in their annual financial reports. We empirically examine how both types of firms emphasize internal attributions for good firm performance (internal-positive attributions) and external attributions for poor firm performance (external-negative attributions). We find that family firms make more external-negative attributions and that the stock market reacts more negatively to external-negative attributions made by family firms. This suggests important theoretical and practical implications for attribution theory and impression management in family firm research.