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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/21998

Title: Management control systems in family firms: a review of the literature and directions for the future
Authors: Helsen, Zoë
Lybaert, Nadine
Steijvers, Tensie
Orens, Raf
Dekker, Julie
Issue Date: 2017
Citation: JOURNAL OF ECONOMIC SURVEYS, 31(2), p. 410-435
Abstract: 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.
Notes: Helsen, Z (reprint author), Hasselt Univ, Hasselt, Belgium. zoe.helsen@uhasselt.be
URI: http://hdl.handle.net/1942/21998
DOI: 10.1111/joes.12154
ISI #: 000395471700003
ISSN: 0950-0804
Category: A1
Type: Journal Contribution
Appears in Collections: Research publications

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