465
Views
1
CrossRef citations to date
0
Altmetric
Articles

Family Ownership and Impression Management: An Integrated Approach

, ORCID Icon &
Pages 1025-1050 | Received 30 Apr 2019, Accepted 11 Oct 2022, Published online: 14 Nov 2022

References

  • Aerts, W. (2005). Picking up the pieces: Impression management in the retrospective attributional framing of accounting outcomes. Accounting, Organizations and Society, 30(6), 493–517. https://doi.org/10.1016/j.aos.2004.07.001
  • Aerts, W., & Cheng, P. (2011). Causal disclosures on earnings and earnings management in an IPO setting. Journal of Accounting and Public Policy, 30(5), 431–459. https://doi.org/10.1016/j.jaccpubpol.2011.03.006
  • Ali, A., Chen, T. Y., & Radhakrishnan, S. (2007). Corporate disclosures by family firms. Journal of Accounting and Economics, 44(1–2), 238–286. https://doi.org/10.1016/j.jacceco.2007.01.006
  • Amernic, J., & Craig, R. (2006). CEO-speak: The language of corporate leadership. McGill-Queen’s Press-MQUP.
  • Amernic, J., Craig, R., & Tourish, D. (2010). Measuring and assessing tone at the top using annual report CEO letters. The Institute of Chartered Accountants of Scotland.
  • Barroso, R., Ben Ali, C., & Lesage, C. (2018). Blockholders’ ownership and audit fees: The impact of the corporate governance model. European Accounting Review, 27(1), 149–172. https://doi.org/10.1080/09638180.2016.1243483
  • Bartlett, S. A., & Chandler, R. A. (1997). The corporate report and the private shareholder: Lee and tweedie twenty years on. British Accounting Review, 29(3), 245–261. https://doi.org/10.1006/bare.1996.0044
  • Bennedsen, M., Nielsen, K. M., Pérez-González, F., & Wolfenzon, D. (2007). Inside the family firm: The role of families in succession decisions and performance. Quarterly Journal of Economics, 122(2), 647–691. https://doi.org/10.1162/qjec.122.2.647
  • Berrone, P., Cruz, C., & Gomez-Mejia, L. R. (2012). Socioemotional wealth in family firms: Theoretical dimensions, assessment approaches, and agenda for future research. Family Business Review, 25(3), 258–279. https://doi.org/10.1177/0894486511435355
  • Bowen, R. M., Davis, A. K., & Matsumoto, D. A. (2005). Emphasis on pro forma versus GAAP earnings in quarterly press releases: Determinants, SEC intervention, and market reactions. Accounting Review, 80(4), 1011–1038. https://doi.org/10.2308/accr.2005.80.4.1011
  • Bozzolan, S., Cho, C. H., & Michelon, G. (2015). Impression management and organizational audiences: The fiat group case. Journal of Business Ethics, 126(1), 143–165. https://doi.org/10.1007/s10551-013-1991-9
  • Campbell, D., Cornelia Beck, A. C., & Shrives, P. (2005). A note on comparative language interrogation for content analysis: The example of English vs. German. British Accounting Review, 37(3), 339–350. https://doi.org/10.1016/j.bar.2005.04.005
  • Chau, G., & Gray, S. J. (2010). Family ownership, board independence and voluntary disclosure: Evidence from Hong Kong. Journal of International Accounting, Auditing and Taxation, 19(2), 93–109. https://doi.org/10.1016/j.intaccaudtax.2010.07.002
  • Chen, S., Chen, X. I. A., & Cheng, Q. (2008). Do family firms provide more or less voluntary disclosure? Journal of Accounting Research, 46(3), 499–536. https://doi.org/10.1111/j.1475-679X.2008.00288.x
  • Chrisman, J. J., Chua, J. H., Pearson, A. W., & Barnett, T. (2012). Family involvement, family influence, and family–centered non–economic goals in small firms. Entrepreneurship Theory and Practice, 36(2), 267–293. https://doi.org/10.1111/j.1540-6520.2010.00407.x
  • Courtis, J. K., & Hassan, S. (2002). Reading ease of bilingual annual reports. Journal of Business Communication, 39(4), 394–413. https://doi.org/10.1177/002194360203900401
  • Davis, A. K., Piger, J. M., & Sedor, L. M. (2012). Beyond the numbers: Measuring the information content of earnings press release language. Contemporary Accounting Research, 29(3), 845–868. https://doi.org/10.1111/j.1911-3846.2011.01130.x
  • Deephouse, D. L., & Jaskiewicz, P. (2013). Do family firms have better reputations than non-family firms? An integration of socioemotional wealth and social identity theories. Journal of Management Studies, 50(3), 337–360. https://doi.org/10.1111/joms.12015
  • DeFond, M. L., & Park, C. W. (2001). The reversal of abnormal accruals and the market valuation of earnings surprises. Accounting Review, 76(3), 375–404. https://doi.org/10.2308/accr.2001.76.3.375
  • Faccio, M., & Lang, L. H. P. (2002). The ultimate ownership of western European corporations. Journal of Financial Economics, 65(3), 365–395. https://doi.org/10.1016/S0304-405X(02)00146-0
  • García Osma, B. G., & Guillamón-Saorín, E. (2011). Corporate governance and impression management in annual results press releases. Accounting, Organizations and Society, 36(4–5), 187–208. https://doi.org/10.1016/j.aos.2011.03.005
  • García-Meca, E., & Sánchez-Ballesta, J. P. (2010). The association of board independence and ownership concentration with voluntary disclosure: A meta-analysis. European Accounting Review, 19(3), 603–627. https://doi.org/10.1080/09638180.2010.496979
  • Godfrey, J., Mather, P., & Ramsay, A. (2003). Earnings and impression management in financial reports: The case of CEO changes. Abacus, 39(1), 95–123. https://doi.org/10.1111/1467-6281.00122
  • Gomez-Mejia, L., Cruz, C., & Imperatore, C. (2014). Financial reporting and the protection of socioemotional wealth in family-controlled firms. European Accounting Review, 23(3), 387–402. https://doi.org/10.1080/09638180.2014.944420
  • Gomez-Mejia, L. R., Larraza-Kintana, M., & Makri, M. (2003). The determinants of executive compensation in family-controlled public corporations. Academy of Management Journal, 46(2), 226–237. https://doi.org/10.2307/30040616
  • Gomez-Mejia, L. R., Makri, M., & Kintana, M. L. (2010). Diversification decisions in family-controlled firms. Journal of Management Studies, 47(2), 223–252. https://doi.org/10.1111/j.1467-6486.2009.00889.x
  • Gómez-Mejía, L. R., Haynes, K. T., Núñez-Nickel, M., Jacobson, K. J. L., & Moyano-Fuentes, J. (2007). Socioemotional wealth and business risks in family-controlled firms: Evidence from spanish olive oil mills. Administrative Science Quarterly, 52(1), 106–137. https://doi.org/10.2189/asqu.52.1.106
  • Hansen, L. P., & Singleton, K. J. (1982). Generalized instrumental variables estimation of nonlinear rational expectations models. Econometrica: Journal of the Econometric Society, 50(5), 1269–1286. https://doi.org/10.2307/1911873
  • Hooghiemstra, R. (2000). Corporate communication and impression management–new perspectives why companies engage in corporate social reporting. Journal of Business Ethics, 27(1), 55–68.
  • Janis, I. L., & Fadner, R. H. (1965). The coefficient of imbalance. In H. D. Lasswell, N. Leites & Associates (Eds.), Language of politics (pp. 153–169). MIT Press.
  • Jayamohan, P., McKelvie, A., & Moss, T. W. (2017). Blame you, blame me: Exploring attribution differences and impact in family and nonfamily firms. Family Business Review, 30(3), 284–308. https://doi.org/10.1177/0894486517722887
  • Jeanjean, T., Lesage, C., & Stolowy, H. (2010). Why do you speak English (in your annual report)? International Journal of Accounting, 45(2), 200–223. https://doi.org/10.1016/j.intacc.2010.04.003
  • Kabbach de Castro, L. R., Aguilera, R. V., & Crespí-Cladera, R. (2017). Family firms and compliance: Reconciling the conflicting predictions within the socioemotional wealth perspective. Family Business Review, 30(2), 137–159. https://doi.org/10.1177/0894486516685239
  • Kumar, P., & Zattoni, A. (2015). Ownership structure, corporate governance and firm performance. Corporate Governance: An International Review, 23(6), 469–471. https://doi.org/10.1111/corg.12146
  • Lambert, R. A. (2001). Contracting theory and accounting. Journal of Accounting and Economics, 32(1–3), 3–87. https://doi.org/10.1016/S0165-4101(01)00037-4
  • Le Breton-Miller, I., Miller, D., & Lester, R. H. (2011). Stewardship or agency? A social embeddedness reconciliation of conduct and performance in public family businesses. Organization Science, 22(3), 704–721. https://doi.org/10.1287/orsc.1100.0541
  • Leung, S., Parker, L., & Courtis, J. (2015). Impression management through minimal narrative disclosure in annual reports. British Accounting Review, 47(3), 275–289. https://doi.org/10.1016/j.bar.2015.04.002
  • Leuz, C., Nanda, D., & Wysocki, P. D. (2003). Earnings management and investor protection: An international comparison. Journal of Financial Economics, 69(3), 505–527. https://doi.org/10.1016/S0304-405X(03)00121-1
  • Li, F. (2010). Textual analysis of corporate disclosures: A survey of the literature. Journal of Accounting Literature, 29(1), 143–165.
  • Loughran, T., & McDonald, B. (2016). Textual analysis in accounting and finance: A survey. Journal of Accounting Research, 54(4), 1187–1230. https://doi.org/10.1111/1475-679X.12123
  • Macciocchi, D. (2018). Controlling shareholders’ horizon and disclosure policies of public firms. http://ssrn.com/abstract = 2690857
  • Melloni, G., Stacchezzini, R., & Lai, A. (2016). The tone of business model disclosure: An impression management analysis of the integrated reports. Journal of Management and Governance, 20(2), 295–320. https://doi.org/10.1007/s10997-015-9319-z
  • Merkl-Davies, D. M., & Brennan, N. M. (2011). A conceptual framework of impression management: New insights from psychology, sociology and critical perspectives. Accounting and Business Research, 41(5), 415–437. https://doi.org/10.1080/00014788.2011.574222
  • Miller, D., Breton-Miller, I. L., & Lester, R. H. (2013). Family firm governance, strategic conformity, and performance: Institutional vs. Strategic perspectives. Organization Science, 24(1), 189–209. https://doi.org/10.1287/orsc.1110.0728
  • Neu, D. (1991). Trust, impression management and the public accounting profession. Critical Perspectives on Accounting, 2(3), 295–313. https://doi.org/10.1016/1045-2354(91)90015-6
  • Neu, D., Warsame, H., & Pedwell, K. (1998). Managing public impressions: Environmental disclosures in annual reports. Accounting, Organizations and Society, 23(3), 265–282. https://doi.org/10.1016/S0361-3682(97)00008-1
  • Patelli, L., & Pedrini, M. (2014). Is the optimism in CEO’s letters to shareholders sincere? Impression management versus communicative action during the economic crisis. Journal of Business Ethics, 124(1), 19–34. https://doi.org/10.1007/s10551-013-1855-3
  • Pazzaglia, F., Mengoli, S., & Sapienza, E. (2013). Earnings quality in acquired and nonacquired family firms: A socioemotional wealth perspective. Family Business Review, 26(4), 374–386. https://doi.org/10.1177/0894486513486343
  • Prencipe, A., & Bar-Yosef, S. (2011). Corporate governance and earnings management in family-controlled companies. Journal of Accounting, Auditing and Finance, 26(2), 199–227. https://doi.org/10.1177/0148558X11401212
  • Prencipe, A., Bar-Yosef, S., & Dekker, H. C. (2014). Accounting research in family firms: Theoretical and empirical challenges. European Accounting Review, 23(3), 361–385. https://doi.org/10.1080/09638180.2014.895621
  • Salvato, C., & Moores, K. (2010). Research on accounting in family firms: Past accomplishments and future challenges. Family Business Review, 23(3), 193–215. https://doi.org/10.1177/0894486510375069
  • Schleicher, T., & Walker, M. (2010). Bias in the tone of forward-looking narratives. Accounting and Business Research, 40(4), 371–390. https://doi.org/10.1080/00014788.2010.9995318
  • Segars, A. H., & Kohut, G. F. (2001). Strategic communication through the world wide Web: An empirical model of effectiveness in the CEO’s letter to shareholders. Journal of Management Studies, 38(4), 535–556. https://doi.org/10.1111/1467-6486.00248
  • Shleifer, A., & Vishny, R. W. (1997). A survey of corporate governance. Journal of Finance, 52(2), 737–783. https://doi.org/10.1111/j.1540-6261.1997.tb04820.x
  • Volpin, P. F. (2002). Governance with poor investor protection: Evidence from top executive turnover in Italy. Journal of Financial Economics, 64(1), 61–90. https://doi.org/10.1016/S0304-405X(02)00071-5
  • Vural, D. (2018). Disclosure practices by family firms: Evidence from Swedish publicly listed firms. Accounting in Europe, 15(3), 347–373. https://doi.org/10.1080/17449480.2018.1479531
  • Weber, R. P. (1990). Basic content analysis sage university papers series. Quantitative Applications in the Social Sciences http://catdir.loc.gov/catdir/enhancements/fy0655/90061019-d.html

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.