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:: year 16, Issue 64 (2024) ::
fa 2024, 16(64): 46-68 Back to browse issues page
Presentation of Heritage Accounting Framework and Matrix-based evaluation of Its Functions in Family Ownership
Fatemeh Jalali Gorgani1 , Mohammadreza Abdoli1 , Hasan Valiyan *1 , Mehdi Safari Gerayli2 , Mohammad Mehdi Hosseini3
1- Department of Accounting, Sha.C., Islamic Azad University, Shahrood, Iran.
2- Department of accounting, BG.C., Islamic Azad University, Bandargaz, Iran.
3- Department of Computer Engineering, Sha.C., Islamic Azad University, Shahrood, Iran.
Abstract:   (9 Views)
The ownership share of a part of the capital market companies is owned by “family owners, who usually seek to appoint” the supervisory and executive bodies of the company in such a way as to get maximize returns by focusing on financial performance due to the priority of their interests. The existence of such an approach in the ownership structure of companies usually causes the rights of other stakeholders to be violated by using accounting as a tool to realize their interests. Therefore, the purpose of this study is to present the Heritage Accounting framework and matrix-based evaluation of its functions in family ownership. This study is exploratory from the objective point of view and it is considered mixed based on the nature of data collection. Therefore, based on the nature of such a process, first, through interviews with experts, we aimed to identify the factors affecting the formation of Heritage Accounting in the context of family-owned companies through three stages of coding and based on the Delphi analysis, the reliability of the main axes should be examined in order to determine the most effective field of identification in the formation of Heritage Accounting in family-owned companies with the possibility of generalizing it to the study context in the quantitative section. The results of the study in the qualitative part, based on 12 interviews, indicate the identification of 4 categories, 8 components and 39 themes in the form of a multidimensional model. Also, in the quantitative part, the results showed that the most important field in strengthening the formation of Heritage Accounting in the context of the functions of family-owned companies is the central component of governance opportunism. These results are indicative of the fact that the opportunistic functions of governance consider accounting as a tool to fulfill their wishes and the disclosure of selective information provides the interests of family members who are directly or indirectly on the board of directors. Therefore, Heritage Accounting is a creation of thinking, selection and type of appointments in the structure of family-owned companies while trying to avoid any legal violations, by confiscating the company's elements in the implementation of events and financial events, they merely reflect news to other stakeholders so that the interests of the main owners of the company are not harmed.
 
Article number: 3
Keywords: Heritage Accounting, Matrix-based evaluation, Family Ownership.
Full-Text [PDF 1319 kb]   (7 Downloads)    
Type of Study: Research | Subject: Special
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Jalali Gorgani F, Abdoli M, Valiyan H, Safari Gerayli M, Hosseini M M. Presentation of Heritage Accounting Framework and Matrix-based evaluation of Its Functions in Family Ownership. fa 2024; 16 (64) : 3
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year 16, Issue 64 (2024) Back to browse issues page
فصلنامه حسابداری مالی Quarterly Financial Accounting
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