Titlebook: Capital Structure, Earnings Management, and Risk of Financial Distress; A Comparative Analys Pietro Gottardo,Anna Maria Moisello Book 2019

确定无疑

Zusammenfassung und Forschungsausblick2015 and drawing on the agency theory integrated with the socioemotional wealth framework we study the effect of earnings quality on a firm’s market value. Equity and bond issues are accounted for and we control also for the effect of corporate social responsibility (CSR) disclosure. The results sug

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https://doi.org/10.1007/978-3-531-90461-0explain the results. A multiple presence of family members on the board and in executive positions has a signaling value for creditors. Moreover, we find that family businesses leverage is significantly affected by tangibility, legal structure, firm’s market share and the sensibility to credit restrictions.

弯曲的人

Family Control and Capital Structure Choices,explain the results. A multiple presence of family members on the board and in executive positions has a signaling value for creditors. Moreover, we find that family businesses leverage is significantly affected by tangibility, legal structure, firm’s market share and the sensibility to credit restrictions.

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导师

Perineum

Zusammenfassung und Forschungsausblickant positive relation between voluntary non-financial disclosure and market value, but this is true only for family firms. The influence exerted by families in terms of founder presence in management, family CEO and family members on the board does not seems to have an impact on firms’ market value.

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HAWK

Family Influence, Leverage and Probability of Financial Distress,al distress. Family firms have a lower probability of incurring in financial distress. Leverage has a strong effect for family and non-family firms, but a family’s direct influence on the firm, by appointing a family CEO, has a significant lowering effect on a firm’s probability of financial distress when a family exerts its influence directly.

使绝缘

Equity and Bond Issues and Earnings Management Practices,mily firms’ earnings management practices. In family firms, it significantly moderates this unethical behavior and the effect of the founder on earnings quality does not change in case of equity issues, while the effect is negative for non-family firms.