Accountability and stewardship of family business entities

Keith Duncan, Kenneth Moores

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

3 Citations (Scopus)
17 Downloads (Pure)

Abstract

Introduction
Accounting has been a well-established organisational process for centuries. While over time the specific functions of accounting have evolved in response to prevailing external and internal forces the underlying accounting technology has largely remained intact. The diffusion of this technology to all types of organisations, irrespective of their ownership structures, has been possible because the fundamental purpose of accounting remains that of achieving accountability. Initially operating owners rendered account about their stewardship of enterprise resources to participating families whereas in today's widely held corporations agent-managers report performance to distant principals.

This chapter explores whether current accounting technology fulfils the stewardship and accountability information needs of family business owners. As the influences ...

Original languageEnglish
Title of host publicationThe Sage Handbook of Family Business
EditorsL Meilin, M Nordqvist, P Sharma
Place of PublicationUnited States
PublisherSAGE Publications Ltd
Chapter19
Pages383-402
Number of pages20
ISBN (Electronic)9781446247556
ISBN (Print)9780857023636
DOIs
Publication statusPublished - 1 Jan 2014

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    Duncan, K., & Moores, K. (2014). Accountability and stewardship of family business entities. In L. Meilin, M. Nordqvist, & P. Sharma (Eds.), The Sage Handbook of Family Business (pp. 383-402). United States: SAGE Publications Ltd. https://doi.org/10.4135/9781446247556.n19