Capital Structure, Earnings Management, and Risk of Financial Distress : A Comparative Analysis of Family and Non-family Firms / by Pietro Gottardo, Anna Maria Moisello

Von:

Gottardo, Pietro [VerfasserIn]

Mitwirkende(r):

Moisello, Anna Maria [VerfasserIn]

Resource type: Ressourcentyp: Buch (Online)Buch (Online)Sprache: Englisch Reihen: SpringerBriefs in Business | Springer eBook Collection | SpringerLink BücherVerlag: Cham : Springer International Publishing, 2019Beschreibung: Online-Ressource (VI, 99 p. 6 illus, online resource)ISBN:

9783030003449

Schlagwörter:

Andere physische Formen: 9783030003432 | 9783030003456 | Erscheint auch als: 978-3-030-00343-2 Druck-Ausgabe | Printed edition: 9783030003432 | Printed edition: 9783030003456 | Erscheint auch als: Capital structure, earnings management, and risk of financial distress. Druck-Ausgabe Cham, Switzerland : Springer, 2019. vi, 99 SeitenDDC-Klassifikation:

658.022

LOC-Klassifikation:

HD62.25

DOI: DOI: 10.1007/978-3-030-00344-9Online-Ressourcen:

Zusammenfassung: This book analyzes the impacts that family control of firms has on capital structure choices, leverage and the risk of financial distress, earnings management practices, and the relation between accounting choices and firm market value. For these purposes, longitudinal data on Italian family and non-family non-financial firms are closely analyzed. The Italian setting is of special interest in this context because family businesses account for 94% of GDP, families are particularly committed to maintaining control of firms, and the economy is bank based rather than market based. The analyses draw on the socioemotional wealth approach, which emphasizes the importance of the stock of emotional value in family firms, in combination with financial theories such as Pecking Order Theory, Trade-off Theory, and Agency Theory. The findings cast significant new light on differences between family and non-family firms and the effects of different forms of family influence. The book will have broad appeal for academics, managers, practitioners, and policymakersZusammenfassung: 1 Introduction -- 2 Family control and capital structure choices -- 3 Family influence, leverage and probability of financial distress -- 4 Equity and bond issues and earnings management practices -- 5 Earnings management, issues and firm market value -- 6 ConclusionsPPN: PPN: 1031841202Package identifier: Produktsigel: ZDB-2-BUM | ZDB-2-SEB | ZDB-2-SXBM

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