Family Succession and Quality of Financial Information: Evidence from China

Tzu-Ching Weng, Kai-Jui Hsu and Tzu-Hsuan Kuo

Advances in Management and Applied Economics, 2023, vol. 13, issue 3, 4

Abstract: It has been more than 30 years since China opened private enterprises in 1978. Family firms is a very common type of Chinese business. Family Succession have a significant economic impact on the Chinese capital market. The purpose of this study is to explore the relationship between Chinese family succession and the quality of financial information. This study samples the A shares listed in China capital market from 2008 to 2016 and finds that after the succession of Chinese family firms, the quality of financial information has generally increased. However, after a family company with political connection take over the succession of its descendants, it will inhibit its earnings management and maintain the quality of financial information. Â JEL classification numbers: G30, M41.

Keywords: Â Family Succession; Quality of Financial Information; Political Connections. (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.scienpress.com/Upload/AMAE%2fVol%2013_3_4.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spt:admaec:v:13:y:2023:i:3:f:13_3_4

Access Statistics for this article

More articles in Advances in Management and Applied Economics from SCIENPRESS Ltd
Bibliographic data for series maintained by Eleftherios Spyromitros-Xioufis ().