民营家族企业社会情感和盈余管理.docx

本科毕业论文外文翻译题目民营企业社会情感财富和盈余管理姓名刘锦光专业财务管理学号201240021指导教师赵广兴郑州科技学院工商管理学院二○一六年三月Socioemotional Wealth and Earnings Management in Private Family FirmsAnneliesStockmans, Nadine Lybaert,andWimVoordeckersAbstractEarnings management in firms has several different motivations. This article examines the preserving of socioemotional wealth as a motive for earnings management in specific types of private family firms by looking at the generational stage, the management team, and the CEO position. The authors’ results suggest that socioemotional wealth may play a role as motive for upward earnings management when firm performance is poor. Under this condition, first-generation and founder-led private family firms seem to have greater incentive to engage in upward earnings management because of the preservation of their socioemotional wealth.Keywordsearnings management, private family firms, socioemotional wealth, generations, management teamAlthough earnings management is a major research topic in the financial accounting field, this stream of research has directed only limited attention to the antecedents of financial reporting quality in family firms. To date, studies examining the financial reporting quality of family firms have mainly aimed at identifying if, compared to public nonfamily firms, public family firms have better or worse financial reporting quality. Nevertheless, because private family firms represent the majority of firms worldwide and evidence on a sample of 13 European countries suggested that earnings management is more prominent in private firms than in public firms, the question of why private family firms would engage in earnings management is an important but still unresolved one. Therefore in this article, we go beyond traditional agency explanations that seem to be less relevant in private family firms and build on the socioemotional wealth concept grounded in behavioral theory to develop and field test a novel theoretical explanation for earnings mana