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The importance to financial information in the decision-making process in company’s family structure

Author

Listed:
  • Joana Patrícia Friães dos Santos

    (Polytechnic Institute of Bragança; Applied Management Research Unit (UNIAG),Portugal)

  • Amélia Maria Martins Pires

    (Polytechnic Institute of Bragança; Applied Management Research Unit (UNIAG),Portugal)

  • Paula Odete Fernandes

    (Polytechnic Institute of Bragança; Applied Management Research Unit (UNIAG),Portugal)

Abstract

In Portugal most enterprises have a family pattern and an important role. Its importance is recognized and justifies the option to develop this research, which aims to determine whether these enterprises assign importance to financial information in the decision-making process. The work allowed gathering enough evidence to conclude on the importance of financial statements for the decision-making process, in particular as regards the use of the balance sheet and income statement. It was also concluded that financial information is primarily used to assess the financial impact, support the current management, investment decisions and comply with tax obligations.

Suggested Citation

  • Joana Patrícia Friães dos Santos & Amélia Maria Martins Pires & Paula Odete Fernandes, 2018. "The importance to financial information in the decision-making process in company’s family structure," Contaduría y Administración, Accounting and Management, vol. 63(2), pages 35-36, Junio.
    • Handle: RePEc:nax:conyad:v:63:y:2018:i:2:p:35-36
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    References listed on IDEAS

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    Cited by:

    1. Xiaoke Yang & Lidong Wu, 2023. "Specificity of the decision‐making mechanism in public corporations," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(3), pages 1574-1584, April.

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