Financial reporting in family firms: a socioemotional wealth approach toward information quality
研究家族企业如何因社会情感财富影响财务报告质量，发现社会情感财富水平越高，采用国际财务报告准则后应计盈余管理减少但真实活动盈余管理增加。
The strategic choices of family firms are influenced by economic and noneconomic reference points. We contend that the preservation of the affect-related values a family derives from its ownership position in a firm (that is, socioemotional wealth [SEW]) affects financial reporting quality and earnings management strategies. Using the voluntary International Financial Reporting Standards (IFRS) adoption by Italian unlisted family firms as a natural laboratory setting, we found that the level of SEW endowment impacts on financial reporting quality. Furthermore, we observe that IFRS adoption is associated with less accrual, but higher real activity manipulation for increasing levels of SEW endowment.