Do We Need to Use an Accountant? The Sales Growth and Survival Benefits to Family SMEs
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In: Family Business Review, Vol. 26, No. 3, 09.2013, p. 271-292.
Research output: Journal contributions › Journal articles › Research › peer-review
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TY - JOUR
T1 - Do We Need to Use an Accountant? The Sales Growth and Survival Benefits to Family SMEs
AU - Barbera, Francesco
AU - Hasso, Tim
PY - 2013/9
Y1 - 2013/9
N2 - 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.
AB - 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.
KW - Management studies
KW - accountant
KW - advisor
KW - family firm
KW - sales growth
KW - survival
UR - http://www.scopus.com/inward/record.url?scp=84881606044&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/04f05033-ab01-3ef5-acab-bb4ecdd3517a/
U2 - 10.1177/0894486513487198
DO - 10.1177/0894486513487198
M3 - Journal articles
AN - SCOPUS:84881606044
VL - 26
SP - 271
EP - 292
JO - Family Business Review
JF - Family Business Review
SN - 0894-4865
IS - 3
ER -