Cascino, S., Pugliese, A., Mussolino, D., Sansone, C., (2010)
The influence of family ownership on the quality of accounting information. Family Business Review23(3), 246-265.

 

Abstract:

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.