Accounting Research in Family Firms: Theoretical and Empirical Challenges

Prencipe, Annalisa; Bar‐Yosef, Sasson; Dekker, Henri C.

doi:10.1080/09638180.2014.895621

Cited by 205 publications

(207 citation statements)

References 95 publications

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“…The precedent discussion suggests that the issue of incentive compensation in family firms merits further investigation, particularly with regard to the differential effects of incentive compensation in these firms, for both family and non-family executives (Prencipe, Bar-Yosef, & Dekker, 2014). Moreover, the existence of competing rationales that explain the same pattern of findings in the literature of executive compensation in family firms stresses the need for a unifying theoretical framework for the phenomenon.…”

Section: Introductionmentioning

confidence: 87%

Identity in Family Firms: A Theoretical Analysis of Incentives and Contracts

Pagliarussi

Costa

2017

BAR, Braz. Adm. Rev.

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We developed a principal-agent model that coherently and parsimoniously explains previous findings from research on executive compensation in family firms. We introduce organizational identification in the model in order to capture the effect of family firms' distinctive characteristics on the agent's behavior. After describing the optimal incentive contract under moral hazard, we show that the dispersion in the optimal wage profile decreases as the level of organizational identification of the agent increases. Moreover, we show that agency costs decrease as the level of organizational identification of the agent increases. Our results imply that hiring a strongly identified family manager will result in greater expected wealth to the principal and better risk sharing between the parties. We further analyze two interrelated factors that may drive changes in contract parameters: the degree of altruism in the family firm, and the level of collectivism of the society in which the firm is located.

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Section: Introductionmentioning

confidence: 87%

Identity in Family Firms: A Theoretical Analysis of Incentives and Contracts

Pagliarussi

Costa

2017

BAR, Braz. Adm. Rev.

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“…Uma pesquisa conduzida pela revista Fortune revelou que aproximadamente 55% das maiores empresas norte-americanas eram administradas por algum familiar (Donnelley, 1964). De acordo com Prencipe et al (2014), as empresas familiares desempenham um papel significativo na economia mundial sendo responsável pela geração de cerca de 70 a 90% do PIB anual global.…”

Section: Empresa Familiarunclassified

“…Empresas familiares têm papel relevante na economia global (Prencipe;Bar-Yosef;Dekker, 2014). No Brasil, até meados da década de 50 a empresa familiar esteve presente em praticamente todos os setores da economia nacional, desde a atividade agrícola até o sistema financeiro (Gonçalves, 2000).…”

Section: Introductionunclassified

“…A quantidade expressiva de empresas familiares que atuam no Brasil e ausência de pesquisas que busquem captar as características distintiva desse tipo de organizações e suas implicações para as práticas de controle gerencial (Prencipe et al, 2014) reforçam a relevância desta investigação. Assim, os achados desta pesquisa podem colaborar para a manutenção de organizações que, de forma conjunta, movimentam significativos valores para a economia nacional.…”

Section: Introductionunclassified

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Uso do Sistema de Controle Gerencial como Instrumento de Implementação da Estratégia - O Caso de uma Empresa Familiar

Silva

Cruz

Barbosa

et al. 2017

RCC, Rev. Contab. Control.

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ResumoEmpresas familiares além de numerosas são responsáveis por grande parte da economia mundial. Diante deste contexto, o objetivo desta pesquisa foi verificar como o uso do sistema de controle gerencial colabora com a implementação da estratégia em uma empresa familiar. Para tanto, utilizouse o modelo de Alavancas de Controle de Simons (1995), explorando-se os sistemas de crenças, interativo, diagnóstico e de restrições. A estratégia de pesquisa utilizada foi um estudo de caso em uma empresa prestadora de serviços que atua no Rio Grande do Sul, tendo como principais instrumentos de coleta de dados entrevista semiestruturada e observação direta. Os achados demonstram que o sistema de crenças não é disseminado de forma clara na empresa, o que compromete a uniformização dos propósitos e valores da organização. O sistema de restrições é de fato utilizado, porém no que tange a gestão de riscos é preciso aprimorar o processo como um todo para alinhar as ações dos colaboradores com os objetivos organizacionais. O sistema de controle diagnóstico é frágil e o sistema interativo destaca-se positivamente dentre os demais, pois há forte diálogo e comunicação entre toda a equipe, incentivando o surgimento de novas ideias. Por fim, no quesito estratégia a empresa ainda demonstra uso constante de estratégias emergentes e soluções familiares, o que leva a perda de tempo para resolver problemas que poderiam ser evitados com o uso de estratégias pretendidas. Palavras

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“…More specifically, they suggest investigating the role of management accounting systems (MASs) in supporting family business succession. Along the same line, Prencipe et al (2014) argue that the impact of management control systems on ownership transition to a later generation is one of the areas that deserve attention.…”

Section: Introductionmentioning

confidence: 99%

The role of management accounting in family business succession

Bisogno¹,

Vaia²

2017

Afr. J. Bus. Manage.

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Family business succession is considered inherent to family businesses and represents a critical process that is generally characterised by resistance to change. This study aims to investigate the role of management accounting systems (MASs) in family business succession, in order to understand how changes in MASs during the succession across different family generations can help the succession process itself, facilitating the rise of the new leader, supporting changes, and reducing resistance to them. The research adopts a case study approach, focusing on organizational routines and their changes, at the same time taking into account the socioemotional wealth of the family firm. Evidence from the study shows the strategic role of MAS in managing the succession process, through the implementation of new routines and rules in helping the decision-making process and in achieving the firm's leadership.

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Accounting Research in Family Firms: Theoretical and Empirical Challenges

Cited by 205 publications

References 95 publications

Identity in Family Firms: A Theoretical Analysis of Incentives and Contracts

Identity in Family Firms: A Theoretical Analysis of Incentives and Contracts

Uso do Sistema de Controle Gerencial como Instrumento de Implementação da Estratégia - O Caso de uma Empresa Familiar

The role of management accounting in family business succession

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