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Title:	The influence of family firm on impression management and the mediating role of corporate governance
Authors:	Dian Indah Hayati (P91563)
Supervisor:	Mohd Fairuz Md Salleh, Assoc. Prof. Dr
Keywords:	Impression management Corporate governance Universiti Kebangsaan Malaysia -- Dissertations Dissertations, Academic -- Malaysia
Issue Date:	6-Feb-2021
Description:	This study aims is to test the influence of family firms on impression management mediated by corporate governance. Based on the agency theory, this study formulated 4 hypotheses : (1) Family firms are associated with impression management practice; (2) family firms are associated with weak corporate governance; (3) strong corporate governance is associated with lower impression management practice; and (4) corporate governance mediates the relationship between family firms and impression management practice. Besides, this study employs samples comprise public listed companies on Indonesia stock exchange that published the annual report from 2015- 2017, which consists of 474 companies-year observations. Indonesian companies are regarded as family-owned, they are highly concentrated in which around 90% are privately held companies. This study used three proxies to measure impression management ie, (1) readability, (2) thematic, and (3) attribution. This study uses a random sampling method -a family-owned company is defined when 5% or more belong to a family. As for corporate governance, it measured with (1) independent commissioner, (2) internal audit, (3) external audit, (4) CEO duality, and (3) education background. Panel data regressions are performed to test the research hypotheses. The result of this study indicates that family firm and corporate governance actively act in monitoring companies' disclosure. It is proved that corporate governance limited impression management. However, in the family firm, the role of corporate governance did not really give an impact. The result confirms that family controlling shareholders substitute corporate governance in the role to limits impression management. The present study contributes to the rare research about impression management in Asia countries that highly concentrated ownership, therefore, the existing literature addressing the relation of the family firm to impression management practice is still rare. Further, the role of corporate governance in controlling impression management practice in companies' narrative information is also rarely examined. Overall, this research helps to guide and enrich the information of standard-setter and investors about impression management practice.,Master Accounting
Pages:	101
Publisher:	UKM, Bangi
Appears in Collections:	Faculty of Economy and Management / Fakulti Ekonomi dan Pengurusan

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