Do We Need to Use an Accountant? The Sales Growth and Survival Benefits to Family SMEs

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet


This article explores the relationship between the usage of an external accountant and family firm sales growth and survival. Using a longitudinal panel of Australian small and medium sized family enterprises, we find that external accountants have a positive impact on sales growth and survival. We also find that the degree to which the accountant is acquainted with the family and the firm's needs, which we term as embeddedness, moderates these positive outcomes. Furthermore, we find that appropriate strategic planning processes are necessary to maximize the sales growth benefit; however, these processes are not necessary to gain the survival benefit. © The Author(s) 2013.
ZeitschriftFamily Business Review
Seiten (von - bis)271-292
Anzahl der Seiten22
PublikationsstatusErschienen - 09.2013
Extern publiziertJa