The Impact of Couple's Joint Holdings on the Annual Report’s tone: An Analysis Based on Text Information

Qianqian Zhu; Peiya Hu; Jinge Han

doi:10.54097/hbem.v12i.8331

Authors

Qianqian Zhu
Peiya Hu
Jinge Han

DOI:

https://doi.org/10.54097/hbem.v12i.8331

Keywords:

Couple's Joint Holdings, Annual Report’s Tone, Marriage Relationship.

Abstract

Marriage relationship is an important factor affecting the economic decision-making and long-term development of enterprises, and the annual report’s tone, as text information to record the current operation status and future performance of enterprises, is an important reflection of corporate behavior during husband and wife's shareholding. This paper uses listed family companies from 2011 to 2021 as an initial sample to study the impact of couple's joint holdings on the tone of annual reports. The study found that when the actual controlling husband and wife jointly held shares, the annual report’s tone was more positive. Further research found that the effect of husband and wife joint shareholding on the tone of annual reports is affected by the proportion of fixed assets of enterprises and whether the chairman and CEO of the enterprise are concurrent. Combining the marital relationship in the family business with the annual report information of the enterprise is helpful to deeply explore the macro-overview of the current and future development of the enterprise under the marriage relationship, and provides a new perspective for understanding the decision-making and planning of the family business.

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