Project Management

Family Ownership, Tunneling And Earnings Management: A Review Of The Literature

Free registration required

Executive Summary

In this paper, the authors bring together a number of aspects of family firms that are ubiquitous in a number of institutional contexts, often as part of larger business groups. They pay particular attention to the mechanisms by which families retain control over firms, and the incentives of the families in control to expropriate other stakeholders by way of tunnelling. They examine the role of earnings management in facilitating tunnelling, and evidence about the incidence of earnings management in family firms.

  • Format: PDF
  • Size: 357.5 KB