Using a unique multiple-respondent dataset of 218 individual managers of 37 private family firms, this study examines differences in the importance attached to socioemotional wealth (SEW) preservation among top management team (TMT) members as a determinant of earnings management. Such SEW diversity might cause conflicts that can harm TMT decision-making quality and, ultimately, firm performance, which the TMT might cover up by engaging in earnings management. Furthermore, we examine to what extent a board of directors that functions as a sounding board is able to mitigate the relationship between SEW diversity within the TMT and earnings management.

中文翻译：

---

高层管理团队内的社会情感财富多样性对私人家族企业盈余管理的影响：董事会的调节作用

本研究使用由 37 家私人家族企业的 218 名个体经理组成的独特多受访者数据集，研究了高层管理团队 (TMT) 成员对社会情感财富 (SEW) 保存作为盈余管理决定因素的重视程度的差异。这种 SEW 多样性可能会导致冲突，从而损害 TMT 决策质量，并最终损害公司绩效，而 TMT 可能会通过参与盈余管理来掩盖这些冲突。此外，我们还研究了作为声音委员会的董事会能够在多大程度上缓解 TMT 内部 SEW 多样性与盈余管理之间的关系。