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Earnings management around founder CEO reappointments and successions in family firms

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dc.contributor.authorGoergen, Marc
dc.contributor.authorAnsari, Iram
dc.contributor.authorMira, Svetlana
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2025-03-18T17:12:05Z
dc.date.available2025-03-18T17:12:05Z
dc.date.issued2021-11
dc.description.abstractThis paper studies reappointment of a chief executive officer (CEO) and succession events in listed family firms with an incumbent family CEO. We explore whether family firms with a founder CEO are more likely to engage in earnings management preevent than other family firms. We find evidence of preevent upward earnings management for firms that reappoint their founder CEO but no for other family firms. These findings suggest that the costs and benefits from earnings management change around founder CEO reappointments in family firms. Investors, auditors, policymakers and regulators should be aware of the temptation of founder CEOs to inflate earnings preceding their reappointment.
dc.description.peerreviewedyes
dc.description.statusPublished
dc.formatapplication/pdf
dc.identifier.citationAnsari, I. F., Goergen, M., & Mira, S. (2021). Earnings management around founder CEO reappointments and successions in family firms. European Financial Management, 27(5), 925-958. https://doi.org/10.1111/eufm.12307.
dc.identifier.doihttps://doi.org/10.1111/eufm.12307
dc.identifier.issn1468-036X
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3662
dc.issue.number5
dc.journal.titleEuropean Financial Management
dc.language.isoen
dc.page.final1024
dc.page.initial773
dc.page.total34
dc.publisherWiley
dc.relation.departmentFinance
dc.relation.entityIE University
dc.relation.schoolIE Business School
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.en
dc.subject.keywordEarnings management
dc.subject.keywordFamily firms
dc.subject.keywordFounders
dc.subject.keywordSocioemotionalwealth
dc.subject.keywordCEO turnover
dc.subject.keywordCEO successions
dc.titleEarnings management around founder CEO reappointments and successions in family firms
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/publishedVersion
dc.volume.number27
dspace.entity.typePublication
relation.isAuthorOfPublication55eb0faa-13da-4a35-a432-f529b62f4d8b
relation.isAuthorOfPublication.latestForDiscovery55eb0faa-13da-4a35-a432-f529b62f4d8b
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