Family control and financial reporting quality in the Philippines: An empirical analysis

Date of Publication

2008

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Accountancy

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Honor/Award

Awarded as best thesis, 2008

Defense Panel Member

Neil T. Penacerrada
Mc Reynald S. Banderlipe, II

Abstract/Summary

Family-run corporations dominate the stock market and several industries in terms of performance and financial viability. These family corporate groups also maintain diverse portfolios of companies that bring together the largest contributors to value. Interestingly, previous studies concluded that some firms of these business groups do not possess high quality disclosures relevant to users of financial information. In the case of the Philippines, there is still no established relationship between family groups affiliation and disclosure quality. Employing univariate and multivariate regression analysis on data from 142 listed firms in the Philippines Stock Exchan (PSE) from 2005 to 2007, the proponents found out, that there is a positive nonlinear effect between family ownership and disclosure quality. This suggests the need for further intervention from management, external auditors and regulatory bodies in order to improve disclosure quality.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU13239

Shelf Location

Archives, The Learning Commons, 12F Henry Sy Sr. Hall

Physical Description

138 leaves : ill. ; 28 cm.

Keywords

Corporations--Accounting; Corporation reports--Philippines; Financial statements--Philippines

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