SHS Web Conf.
Volume 148, 2022The 2nd International Conference on Public Relations and Social Sciences (ICPRSS 2022)
|Number of page(s)||9|
|Section||Research and Discussion of Public Administration and Humanities|
|Published online||31 October 2022|
Research on the Factors Influencing the Quality of Family Business Information Disclosure From the Perspective of Social Emotional Wealth Theory
School of Business Adminstration, Zhejiang Gongshang University, Hangzhou, China
2 School of Business Adminstration, Zhejiang Gongshang University, Hangzhou, China
* Corresponding author: firstname.lastname@example.org
Based on the theory of social emotional wealth, social emotional wealth is divided into two types: constraint type and extension type. Using the data of family businesses from 2015 to 2020, empirical research is conducted on the impact of two types of social emotional wealth on the quality of information disclosure, It also examines the moderating effect of institutional investor ownership and analyst concern on the relationship between emotional wealth and information disclosure quality in a constrained society, as well as the moderating effect of parental founder status and second generation experience length on the relationship between emotional wealth and information disclosure quality in an extended society. The findings are as follows: (1) Constrained social emotional wealth negatively affects the quality of information disclosure of family businesses; (2) Extended social emotional wealth has a positive impact on the quality of family business information disclosure; (3) The higher the shareholding ratio of institutional investors, the weaker the relationship between the constrained social emotional wealth and the quality of family business information disclosure; (4) Analysts focus on the relationship between the negative impact of social emotional wealth and corporate information disclosure; (5) The paternal founder status can positively affect the relationship between the extended social emotional wealth and the quality of information disclosure of family businesses. (6) The second generation experience did not positively affect the relationship between extended social emotional wealth and family business information disclosure.
© The Authors, published by EDP Sciences, 2022
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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