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Full-Text Articles in Business
The Effect Of Family Ownership And Control On Dividend Policy Of Publicly Listed Firms In Indonesia And Malaysia, Laras Ayu, Viverita Viverita
The Effect Of Family Ownership And Control On Dividend Policy Of Publicly Listed Firms In Indonesia And Malaysia, Laras Ayu, Viverita Viverita
The Indonesian Capital Market Review
The purpose of this study is to determine the influence of family ownership and family control ona firm’s dividend policy of publicly listed firms in Indonesia and Malaysia. This study applied thegeneralized least square panel data over 2003-2016 and considering the period of global financialcrisis 2008-2010. The results show that a firm with a higher percentage of family ownership paysmore dividend compared to non-family firms. The same effect applies to the percentage of familycontrol. In contrast, we found that higher debt levels will reduce the dividend payment. These findingsindicate that dividend distribution can be used as a policy to lessen …
Conservatism And Equity Ownership Of The Founding Family, Shuping Chen, Xia Chen, Qiang Cheng
Conservatism And Equity Ownership Of The Founding Family, Shuping Chen, Xia Chen, Qiang Cheng
Research Collection School Of Accountancy
We investigate the impact of founding family ownership on accounting conservatism. Family ownership is characterised by large, under-diversified equity stake and long investment horizon. These features give family owners both the incentives and the ability to implement conservative financial reporting to reduce legal liability and mitigate agency conflicts with other stakeholders. Since CEOs can have different incentives towards conservatism, we focus on ownership of non-CEO founding family members in our investigation. We find that conservatism increases with non-CEO family ownership, supporting our prediction. This relationship becomes insignificant in family firms with founders serving as CEOs, either due to founder CEOs' …