國立虎尾科技大學 |

Capital Structure, Earnings Management, and Risk of Financial Distress = A Comparative Analysis of Family and Non-family Firms /

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	Capital Structure, Earnings Management, and Risk of Financial Distress/ by Pietro Gottardo, Anna Maria Moisello.
其他題名:	A Comparative Analysis of Family and Non-family Firms /
作者:	Gottardo, Pietro.
其他作者:	Moisello, Anna Maria.
面頁冊數:	VI, 99 p. 6 illus.online resource. :
Contained By:	Springer Nature eBook
標題:	Family-owned business enterprises. -
電子資源:	https://doi.org/10.1007/978-3-030-00344-9
ISBN:	9783030003449

Capital Structure, Earnings Management, and Risk of Financial Distress = A Comparative Analysis of Family and Non-family Firms /
Gottardo, Pietro.

Capital Structure, Earnings Management, and Risk of Financial DistressA Comparative Analysis of Family and Non-family Firms /[electronic resource] :by Pietro Gottardo, Anna Maria Moisello. - 1st ed. 2019. - VI, 99 p. 6 illus.online resource. - SpringerBriefs in Business,2191-5482. - SpringerBriefs in Business,.

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 Conclusions.

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 policymakers.

ISBN: 9783030003449

Standard No.: 10.1007/978-3-030-00344-9doiSubjects--Topical Terms:

565768
Family-owned business enterprises.

LC Class. No.: HD62.25

Dewey Class. No.: 658.022

Capital Structure, Earnings Management, and Risk of Financial Distress = A Comparative Analysis of Family and Non-family Firms /
LDR:02769nam a22003975i 4500 001 1008786
003 DE-He213
005 20200705191221.0
007 cr nn 008mamaa
008 210106s2019 gw | s |||| 0|eng d
020 $a 9783030003449 $9 978-3-030-00344-9
024 7 $a 10.1007/978-3-030-00344-9 $2 doi
035 $a 978-3-030-00344-9
050 4 $a HD62.25
072 7 $a KJVS $2 bicssc
072 7 $a BUS060000 $2 bisacsh
072 7 $a KJVS $2 thema
082 0 4 $a 658.022 $2 23
100 1 $a Gottardo, Pietro. $e author. $4 aut $4 http://id.loc.gov/vocabulary/relators/aut $3 1302634
245 1 0 $a Capital Structure, Earnings Management, and Risk of Financial Distress $h [electronic resource] : $b A Comparative Analysis of Family and Non-family Firms / $c by Pietro Gottardo, Anna Maria Moisello.
250 $a 1st ed. 2019.
264 1 $a Cham : $b Springer International Publishing : $b Imprint: Springer, $c 2019.
300 $a VI, 99 p. 6 illus. $b online resource.
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
347 $a text file $b PDF $2 rda
490 1 $a SpringerBriefs in Business, $x 2191-5482
505 0 $a 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 Conclusions.
520 $a 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 policymakers.
650 0 $a Family-owned business enterprises. $3 565768
650 0 $a Accounting. $3 561166
650 0 $a Bookkeeping . $3 1253557
650 0 $a Corporations—Finance. $3 1253876
650 0 $a Business enterprises—Finance. $3 1253877
650 1 4 $a Family Business. $3 1109898
650 2 4 $a Accounting/Auditing. $3 669239
650 2 4 $a Corporate Finance. $3 1069043
650 2 4 $a Business Finance. $3 1069042
700 1 $a Moisello, Anna Maria. $e author. $4 aut $4 http://id.loc.gov/vocabulary/relators/aut $3 1302635
710 2 $a SpringerLink (Online service) $3 593884
773 0 $t Springer Nature eBook
776 0 8 $i Printed edition: $z 9783030003432
776 0 8 $i Printed edition: $z 9783030003456
830 0 $a SpringerBriefs in Business, $x 2191-5482 $3 1254463
856 4 0 $u https://doi.org/10.1007/978-3-030-00344-9
912 $a ZDB-2-BUM
912 $a ZDB-2-SXBM
950 $a Business and Management (SpringerNature-41169)
950 $a Business and Management (R0) (SpringerNature-43719)