Corporate Disclosure in Family Firms

Part of the Contributions to Management Science book series (MANAGEMENT SC.)


This Chapter attempts to provide a systematic review of the possible relations between mandatory and voluntary disclosure and of financial and non-financial reporting on the one hand, and family firms on the other hand. In the first part we focus on the demand for financial reporting, what kind of financial information companies are required to provide and the mandate for statutory audits by laws. In the second part of the Chapter, the attention moves to non-financial information, and mainly to voluntary disclosure. Within the non-financial disclosure, we focus on corporate social responsibility (CSR) reports, reviewing prior literature on the relation between CSR and family firms. In a third part of the Chapter, we review prior research on financial analysts and their impacts on corporate disclosure, keeping the special contemplation on family firms to preserve the trait d’union of the whole book. Finally, we conclude the Chapter suggesting some opportunities and challenges for future research on the relationship between family firms research and corporate disclosure research. The overall contribution of this last part is to propose the path forward for future research, constituting both the family business and the corporate disclosure fields, two dense “jungles”, meaning that their mutual relationships create innumerable literature gaps.


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© Springer International Publishing AG 2018

Authors and Affiliations

  1. 1.Department of Economics and ManagementUniversity of PisaPisaItaly
  2. 2.Department of AccountingMonash UniversityCaulfield East, MelbourneAustralia

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