Do we need to use an accountant? The sales growth and survival benefits to family SMEs

Francesco Barbera, Tim Hasso

Research output: Contribution to journalArticleResearchpeer-review

25 Citations (Scopus)
1 Downloads (Pure)

Abstract

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
Original languageEnglish
Pages (from-to)271-292
Number of pages22
JournalFamily Business Review
Volume26
Issue number3
DOIs
Publication statusPublished - 2013
Externally publishedYes

Fingerprint

Accountants
Small and medium-sized enterprises
Sales growth
Family firms
Strategic planning
Family enterprise
Planning process

Cite this

@article{797e439c9e3b4806847f9757c33a5d89,
title = "Do we need to use an accountant? The sales growth and survival benefits to family SMEs",
abstract = "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",
author = "Francesco Barbera and Tim Hasso",
year = "2013",
doi = "10.1177/0894486513487198",
language = "English",
volume = "26",
pages = "271--292",
journal = "Family Business Review",
issn = "0894-4865",
publisher = "SAGE Publications Ltd",
number = "3",

}

Do we need to use an accountant? The sales growth and survival benefits to family SMEs. / Barbera, Francesco; Hasso, Tim.

In: Family Business Review, Vol. 26, No. 3, 2013, p. 271-292.

Research output: Contribution to journalArticleResearchpeer-review

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

Y1 - 2013

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

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

U2 - 10.1177/0894486513487198

DO - 10.1177/0894486513487198

M3 - Article

VL - 26

SP - 271

EP - 292

JO - Family Business Review

JF - Family Business Review

SN - 0894-4865

IS - 3

ER -