Earnings Quality in Acquired and Nonacquired Family Firms
研究家族企业盈余质量的差异，发现通过市场交易收购的家族企业盈余质量较低，而非被收购的家族企业盈余质量较高，且CEO类型对两者影响不同。
We develop a socioemotional wealth explanation for the differences in earnings quality between family firms. We argue that the process by which families obtain ownership of firms is a key contingency affecting earnings quality. Specifically, firms acquired by families through market transactions display lower earnings quality due to lower identification of family owners relative to firms still owned by the families that created them. Acquired family firms benefit with respect to their earnings quality from having a nonfamily CEO while nonacquired family firms benefit from having a family CEO.