The impact of socioemotional wealth on corporate reporting readability in a multinational family-controlled firm
Extant research suggests that the most significant elements of a family firm’s socioemotional wealth (SEW) can drive financial reporting decisions. This paper explores this empirically by analyzing corporate disclosures of a case organization – Guinness, a multinational family brewing firm – over a...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universidad de Murcia
2023-07-01
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| Series: | Revista de Contabilidad: Spanish Accounting Review |
| Subjects: | |
| Online Access: | https://revistas.um.es/rcsar/article/view/453561 |
| _version_ | 1797789096385445888 |
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| author | Alonso Moreno Martin Quinn |
| author_facet | Alonso Moreno Martin Quinn |
| author_sort | Alonso Moreno |
| collection | DOAJ |
| description |
Extant research suggests that the most significant elements of a family firm’s socioemotional wealth (SEW) can drive financial reporting decisions. This paper explores this empirically by analyzing corporate disclosures of a case organization – Guinness, a multinational family brewing firm – over an extended period. We identify the presence of the SEW dimensions in the firm’s corporate disclosures and explore the relationship between the most salient SEW dimension (family identity) and readability, measured by the Bog index. The analysis finds a positive association between family identity and readability in the period when the firm under study can be defined as a family firm. Other SEW dimensions do not appear to have an influence on readability. In addition, at the end of the period of study, when the firm under study ceased to be a family firm, the SEW dimensions failed to have an effect on readability.
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| first_indexed | 2024-03-13T01:45:56Z |
| format | Article |
| id | doaj.art-af41013d936d412499ab7a5704765c04 |
| institution | Directory Open Access Journal |
| issn | 1138-4891 1988-4672 |
| language | English |
| last_indexed | 2024-03-13T01:45:56Z |
| publishDate | 2023-07-01 |
| publisher | Universidad de Murcia |
| record_format | Article |
| series | Revista de Contabilidad: Spanish Accounting Review |
| spelling | doaj.art-af41013d936d412499ab7a5704765c042023-07-03T08:49:49ZengUniversidad de MurciaRevista de Contabilidad: Spanish Accounting Review1138-48911988-46722023-07-0126210.6018/rcsar.453561The impact of socioemotional wealth on corporate reporting readability in a multinational family-controlled firmAlonso MorenoMartin Quinn0Queen’s University, Belfast Extant research suggests that the most significant elements of a family firm’s socioemotional wealth (SEW) can drive financial reporting decisions. This paper explores this empirically by analyzing corporate disclosures of a case organization – Guinness, a multinational family brewing firm – over an extended period. We identify the presence of the SEW dimensions in the firm’s corporate disclosures and explore the relationship between the most salient SEW dimension (family identity) and readability, measured by the Bog index. The analysis finds a positive association between family identity and readability in the period when the firm under study can be defined as a family firm. Other SEW dimensions do not appear to have an influence on readability. In addition, at the end of the period of study, when the firm under study ceased to be a family firm, the SEW dimensions failed to have an effect on readability. https://revistas.um.es/rcsar/article/view/453561Corporate reportingFamily businessReadabilitySocioemotional wealth |
| spellingShingle | Alonso Moreno Martin Quinn The impact of socioemotional wealth on corporate reporting readability in a multinational family-controlled firm Revista de Contabilidad: Spanish Accounting Review Corporate reporting Family business Readability Socioemotional wealth |
| title | The impact of socioemotional wealth on corporate reporting readability in a multinational family-controlled firm |
| title_full | The impact of socioemotional wealth on corporate reporting readability in a multinational family-controlled firm |
| title_fullStr | The impact of socioemotional wealth on corporate reporting readability in a multinational family-controlled firm |
| title_full_unstemmed | The impact of socioemotional wealth on corporate reporting readability in a multinational family-controlled firm |
| title_short | The impact of socioemotional wealth on corporate reporting readability in a multinational family-controlled firm |
| title_sort | impact of socioemotional wealth on corporate reporting readability in a multinational family controlled firm |
| topic | Corporate reporting Family business Readability Socioemotional wealth |
| url | https://revistas.um.es/rcsar/article/view/453561 |
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