The importance to financial information in the decision-making process in company’s family structure

Joana Patrícia Friães dos Santos, Amélia Maria Martins Pires and Paula Odete Fernandes ()
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Joana Patrícia Friães dos Santos: Polytechnic Institute of Bragança; Applied Management Research Unit (UNIAG),Portugal
Amélia Maria Martins Pires: Polytechnic Institute of Bragança; Applied Management Research Unit (UNIAG),Portugal
Paula Odete Fernandes: Polytechnic Institute of Bragança; Applied Management Research Unit (UNIAG),Portugal

Contaduría y Administración, 2018, vol. 63, issue 2, 35-36

Abstract: In Portugal most enterprises have a family pattern and an important role. Its importance is recognized and justifies the option to develop this research, which aims to determine whether these enterprises assign importance to financial information in the decision-making process. The work allowed gathering enough evidence to conclude on the importance of financial statements for the decision-making process, in particular as regards the use of the balance sheet and income statement. It was also concluded that financial information is primarily used to assess the financial impact, support the current management, investment decisions and comply with tax obligations.

Keywords: Accruals; Family business; Financial reporting; Decision-making. (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:nax:conyad:v:63:y:2018:i:2:p:35-36

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