We examine the unique nature of agency problems within publicly traded family firms by investigating the earnings management decision of dominant family owners relative to nonfamily. To do so, we draw upon literature demonstrating that family owners are loss averse with respect to the family’s socioemotional wealth (SEW), or the affective endowment derived from firm ownership and control. Our t...

A growing body of research has centered on the issue of the relationship between financial and environmental performance. The lack of consensus in this literature can be attributed to several factors. The cost of complying with environmental regulation can be significant and detrimental to shareholder wealth maximization. Conversely, a firm that can effectively control pollution might also be a...

Demographic forces are crucial drivers of macroeconomic performance. Yet, existing theories do not allow demography to respond fundamentals and policies while determining key variables. We build a model endogenous interactions between fertility innovation-led productivity growth that delivers empirically consistent co-movements population, income wealth. Wealth dilution wage dynamics stabilize ...

Purpose: The goal of the research paper is to familiarize reader with both Wealth Tech concept and key trends regarding global wealth management sector. Design/Methodology/Approach: For purpose paper, following methods have been applied: critical analysis literature including papers, comparative presented data. Findings: Because such rapid digital transformation, was able emerge as significant ...