MANAGEMENT CONTROL SYSTEMS IN FAMILY FIRMS: A REVIEW OF THE LITERATURE AND DIRECTIONS FOR THE FUTURE
Family firms play a significant role in the global economy. Although family firm literature has devoted much time and effort to investigating topics concerning corporate governance, leadership, ownership and succession, accounting issues have received relatively scant attention. In this paper, we as...
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| Veröffentlicht in: | Journal of economic surveys 2017-04, Vol.31 (2), p.410-435 |
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| container_end_page | 435 |
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| container_issue | 2 |
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| container_title | Journal of economic surveys |
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| creator | Helsen, Zoë Lybaert, Nadine Steijvers, Tensie Orens, Raf Dekker, Julie |
| description | Family firms play a significant role in the global economy. Although family firm literature has devoted much time and effort to investigating topics concerning corporate governance, leadership, ownership and succession, accounting issues have received relatively scant attention. In this paper, we assemble and critically review extant literature on the choice of management controls. This is an essential topic for firms as management control systems (MCS) are used to make sure subordinates behave in function of the goals of the firm. Family firms, however, have distinct features, such as differences in governance structures and goals, which can have a significant impact on whether and how MCS are used. We conclude this review paper by providing avenues for future research that can advance our understanding of both the determinants and the outcomes of the choice of MCS. |
| doi_str_mv | 10.1111/joes.12154 |
| format | Article |
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We conclude this review paper by providing avenues for future research that can advance our understanding of both the determinants and the outcomes of the choice of MCS.</description><subject>Business ownership</subject><subject>Control systems</subject><subject>Corporate governance</subject><subject>Economic theory</subject><subject>Family firms, Formal controls</subject><subject>Family owned businesses</subject><subject>Global economy</subject><subject>International</subject><subject>Leadership</subject><subject>Literature reviews</subject><subject>Management control systems</subject><subject>Management controls</subject><subject>Social controls</subject><subject>Studies</subject><subject>Succession planning</subject><issn>0950-0804</issn><issn>1467-6419</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2017</creationdate><recordtype>article</recordtype><recordid>eNp90M9PgzAUB_DGaOKcXvwLmngxJswWCqXeCCsbhh8JMM1ODYM22cKGUhez_14Ynjz4Lu_wPu_l5QvAPUYz3NfzrpV6hk1skwswwcShhkMwuwQTxGxkIBeRa3Cj9Q4hRCk1J6COvcRb8JgnBfTTpMjSCObrvOBxDsMEBl4cRmsYhFmcv0APZvwt5O8wDWCx5DAKC555xSrj0EvmcB5m3C_CNMlhkGZnEayG6S24UmWj5d1vn4JVwAt_aUTpIvS9yKgsxoiBLYqJW6GqpqQsa4eVSDIlK6u2cVkTx0RKDZLhSjoMK4RNuqnpRm1cVVsOs6bgcbz70bWfR6m_xH6rK9k05UG2Ry2w65I-CBcP9OEP3bXH7tB_1ytK-mum7fbqaVRV12rdSSU-uu2-7E4CIzEELobAxTnwHuMRf28befpHiteU5-PODziYeZM</recordid><startdate>201704</startdate><enddate>201704</enddate><creator>Helsen, Zoë</creator><creator>Lybaert, Nadine</creator><creator>Steijvers, Tensie</creator><creator>Orens, Raf</creator><creator>Dekker, Julie</creator><general>Blackwell Publishing Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>201704</creationdate><title>MANAGEMENT CONTROL SYSTEMS IN FAMILY FIRMS: A REVIEW OF THE LITERATURE AND DIRECTIONS FOR THE FUTURE</title><author>Helsen, Zoë ; Lybaert, Nadine ; Steijvers, Tensie ; Orens, Raf ; Dekker, Julie</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3994-137148c0cd74aad69a0e9fec3d51ad4620ffc39991ce691f0127bd7bfb8fd3693</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2017</creationdate><topic>Business ownership</topic><topic>Control systems</topic><topic>Corporate governance</topic><topic>Economic theory</topic><topic>Family firms, Formal controls</topic><topic>Family owned businesses</topic><topic>Global economy</topic><topic>International</topic><topic>Leadership</topic><topic>Literature reviews</topic><topic>Management control systems</topic><topic>Management controls</topic><topic>Social controls</topic><topic>Studies</topic><topic>Succession planning</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Helsen, Zoë</creatorcontrib><creatorcontrib>Lybaert, Nadine</creatorcontrib><creatorcontrib>Steijvers, Tensie</creatorcontrib><creatorcontrib>Orens, Raf</creatorcontrib><creatorcontrib>Dekker, Julie</creatorcontrib><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Journal of economic surveys</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Helsen, Zoë</au><au>Lybaert, Nadine</au><au>Steijvers, Tensie</au><au>Orens, Raf</au><au>Dekker, Julie</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>MANAGEMENT CONTROL SYSTEMS IN FAMILY FIRMS: A REVIEW OF THE LITERATURE AND DIRECTIONS FOR THE FUTURE</atitle><jtitle>Journal of economic surveys</jtitle><date>2017-04</date><risdate>2017</risdate><volume>31</volume><issue>2</issue><spage>410</spage><epage>435</epage><pages>410-435</pages><issn>0950-0804</issn><eissn>1467-6419</eissn><abstract>Family firms play a significant role in the global economy. 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| ispartof | Journal of economic surveys, 2017-04, Vol.31 (2), p.410-435 |
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| source | Wiley Journals; EBSCOhost Business Source Complete |
| subjects | Business ownership Control systems Corporate governance Economic theory Family firms, Formal controls Family owned businesses Global economy International Leadership Literature reviews Management control systems Management controls Social controls Studies Succession planning |
| title | MANAGEMENT CONTROL SYSTEMS IN FAMILY FIRMS: A REVIEW OF THE LITERATURE AND DIRECTIONS FOR THE FUTURE |
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