Keywords
Family firms
Italy
Gender diversity
How to Cite
Accepted 2024-07-16
Published 2024-12-23
Abstract
Purpose. Building upon the stakeholder theory, this paper aims to investigate the relationship between family control and earnings management practices, while considering the potential moderating effect of gender diversity on the Board of directors.
Design/methodology/approach. Using a longitudinal sample of 1,461 manufacturing Italian Small and Medium-sized Enterprises over the period 2014-2020, we performed panel regression analyses to empirically investigate the relationship between earnings management, family firm status and the moderating effect of gender diversity on board.
Findings. The empirical findings show that family firms are less likely to engage in the practices of earnings management than non-family firms are. The association between family firm status and earnings management is moderated negatively by gender diversity.
Practical and Social implications. This study emphasizes the critical role of family control and board gender diversity in reducing financial manipulation practices and improving accounting transparency. These findings offer practical guidance for implementing measures aimed at enhancing the quality of financial reporting in unlisted Small and Medium-sized Enterprises. Greater women’s representation on the family businesses board can promote accounting transparency and integrity, carrying significant social implications.
Originality of the study. This study contributes to the literature on the quality of financial information in both family firms and unlisted companies, exploring new areas of research. The study is original also considering the moderating variable chosen: to the best of our knowledge, no study has already explored the moderating influence of gender diversity on the relationships between family control and earnings management.
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