股权结构对家族企业信息披露质量和信用评级的影响:审计师选择的调节作用

IF 9.9 1区 管理学 Q1 BUSINESS Family Business Review Pub Date : 2021-12-07 DOI:10.1177/08944865211057854
Jengfang Chen, Ni-Yun Chen, Liyu He, C. Patel
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引用次数: 6

摘要

尽管家族企业内部存在很大程度的异质性,但人们对家族企业的异质性如何影响企业行为及其对股东-债务人代理问题的影响知之甚少。我们的研究通过考察控制-所有权差异水平较高的家族企业是否会披露更少的信息,以及四大会计师事务所是否在缓解控制-所有权差异对披露质量的负面影响(从而提高信用评级)方面发挥了调节作用,从而为文献做出了贡献。利用台湾新兴经济体的数据,我们为我们的三个假设提供了支持。我们的贡献将引起家族企业所有者、研究人员、审计人员和政策制定者的兴趣。
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The Effect of Ownership Structure on Disclosure Quality and Credit Ratings in Family Firms: The Moderating Role of Auditor Choice
Despite the substantial degree of heterogeneity within family firms, little is known about how their heterogeneity affects firm behavior and the implication for the shareholder–debtholder agency problem. Our study contributes to the literature by examining whether family firms with a higher level of control-ownership divergence would disclose less information and whether Big 4 auditors play a moderating role in mitigating the negative impact of control-ownership divergence on disclosure quality resulting in improved credit ratings. Using data from the emerging economy of Taiwan, we provide support for our three hypotheses. Our contributions will interest family firm owners, researchers, auditors, and policymakers.
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来源期刊
CiteScore
12.40
自引率
13.60%
发文量
13
期刊介绍: Family Business Review (FBR) has been a refereed journal since 1988, serving as the premier scholarly publication dedicated to the study of family-controlled enterprises. It delves into the dynamics of these businesses, encompassing a range of sizes from small to very large. FBR concentrates not only on the entrepreneurial founding generation but also on family enterprises in subsequent generations, including some of the world's oldest companies. The journal also publishes interdisciplinary research covering families of wealth, family foundations, and offices.
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