We ask whether the private debt contracts of family firms contain more restrictive covenants tied to accounting numbers than those of non-family firms. Our examination of Dealscan data indicates that Samp;P 500 family firms are more likely to include accounting-based covenants that limit the...

This study examines whether the earnings quality of a firm that first announces quarterly earnings in its industry impacts the magnitude of intra-industry information transfers. Prior research shows that higher quality earnings better reflect the operating fundamentals of a firm. I argue that...