Financial reporting quality and voluntary disclosures in private companies

Abdul-Jalil, A. and Carey, P. and Tanewski, G. (2015) Financial reporting quality and voluntary disclosures in private companies. In: Accounting and Finance Association of Australi and New Zealand 2016, 5-7 July 2015, Hobart,Australia.

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Abstract

This paper examines whether family ownership of private companies influences financial reporting quality and voluntary disclosures. Results reveal that family ownership impacts positively on financial reporting quality and on the likelihood of lodging abbreviated financial reports. While family-owned private companies have fewer incentives to provide voluntary information as they incur higher proprietary information costs, results support the argument that financial reporting quality and voluntary disclosure have different economic roles. Findings also suggest that lower voluntary disclosures do not necessarily imply financial reporting quality will be adversely affected, which has implications for policy makers and accounting standards setters. JEL Classification: M41, M43, M44, M47, M49, G34 Keywords Financial reporting quality, abbreviatedfinancial reports, voluntary disclosure, family ownership, private companies.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Financial reporting quality; Abbreviated financial reports; Voluntary disclosure; Family ownership; Private companies
Subjects: H Social Sciences > HF Commerce > Business
H Social Sciences > HF Commerce > Business > Accounting. Bookkeeping
Divisions: Faculty of Business and Accountancy
Depositing User: Mr. Mohd Zaimi Izwan Kamarunsaman
Date Deposited: 24 Nov 2015 00:37
Last Modified: 22 May 2017 08:46
URI: http://eprints.um.edu.my/id/eprint/14816

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