What Do We Know about Accounting in Family Firms?

Nieves Carrera


In this study, we present a review of research of accounting in family firms. The aim is to summarize the main findings of prior studies and identify what we have learned so far about the role of accounting in family firms. Specifically, we survey the contributions of accounting researchers to the study of family firms in four subfields: (1) financial accounting and reporting, (2) management accounting and management control, (3) auditing, and (4) accounting history. After considering some theoretical and empirical advancements of family business research in other disciplines, we conclude by identifying avenues for future research.


Accounting Research; Family Firms; Financial Accounting; Management Accounting; Auditing; Accounting History; Literature Review

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DOI: http://dx.doi.org/10.1344/jesb2017.2.j032


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