The application of management accounting practices towards the sustainable development of family businesses: A critical review

The purpose of this study is to comprehensively review the extant literature on the application of management accounting practices (MAPs) to the sustainable development of family businesses (FBs), and to identify future research avenues. Academic interest in the field of MAPs in family businesses as...

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Autores principales:	Chamila H. Dasanayaka, David F. Murphy, Padmi Nagirikandalage, Chamil Abeykoon
Formato:	article
Lenguaje:	EN
Publicado:	Elsevier 2021
Materias:	Management accounting practices Family business Sustainable development Economic performance Environmental performance Environmental management accounting Environmental effects of industries and plants TD194-195
Acceso en línea:	https://doaj.org/article/165e2c1ae31045ffaeb537b62ba4bd95
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spelling	oai:doaj.org-article:165e2c1ae31045ffaeb537b62ba4bd952021-11-26T04:41:43ZThe application of management accounting practices towards the sustainable development of family businesses: A critical review2666-789410.1016/j.cesys.2021.100064https://doaj.org/article/165e2c1ae31045ffaeb537b62ba4bd952021-12-01T00:00:00Zhttp://www.sciencedirect.com/science/article/pii/S2666789421000568https://doaj.org/toc/2666-7894The purpose of this study is to comprehensively review the extant literature on the application of management accounting practices (MAPs) to the sustainable development of family businesses (FBs), and to identify future research avenues. Academic interest in the field of MAPs in family businesses as well as the concept of sustainable development has been growing rapidly due to the fast-moving business landscape associated with environmental dynamism, particularly over the past two decades. Consequently, some authors claim that the heterogeneous characteristics of FBs apparently lead to a lower degree of information asymmetry, and that this, in-turn, may weaken the need for MAPs. On the other hand, some studies emphasise that the distinctive conflicts of interest in FBs and some contingent factors (for example, intense competition in the industry) are triggers for the adoption of MAPs by FBs. Given these mixed research outcomes and the absence of a comprehensive study that demonstrates the state-of-the-art in this research stream, this paper aims to review previously reported key works to thoroughly investigate the above mentioned factors with a view to exploring the existing knowledge gap. The holistic conclusion arrived at by the study points to the fact that there seems to have a considerable impact of family involvement on business performance achieved through the application of MAPs. Nonetheless, the impact of certain heterogeneous characteristics of FBs on the application of environmental management accounting (EMA) practices, which is a sub-stream of MAPs, is yet to be explored.Chamila H. DasanayakaDavid F. MurphyPadmi NagirikandalageChamil AbeykoonElsevierarticleManagement accounting practicesFamily businessSustainable developmentEconomic performanceEnvironmental performanceEnvironmental management accountingEnvironmental effects of industries and plantsTD194-195ENCleaner Environmental Systems, Vol 3, Iss , Pp 100064- (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Management accounting practices Family business Sustainable development Economic performance Environmental performance Environmental management accounting Environmental effects of industries and plants TD194-195
spellingShingle	Management accounting practices Family business Sustainable development Economic performance Environmental performance Environmental management accounting Environmental effects of industries and plants TD194-195 Chamila H. Dasanayaka David F. Murphy Padmi Nagirikandalage Chamil Abeykoon The application of management accounting practices towards the sustainable development of family businesses: A critical review
description	The purpose of this study is to comprehensively review the extant literature on the application of management accounting practices (MAPs) to the sustainable development of family businesses (FBs), and to identify future research avenues. Academic interest in the field of MAPs in family businesses as well as the concept of sustainable development has been growing rapidly due to the fast-moving business landscape associated with environmental dynamism, particularly over the past two decades. Consequently, some authors claim that the heterogeneous characteristics of FBs apparently lead to a lower degree of information asymmetry, and that this, in-turn, may weaken the need for MAPs. On the other hand, some studies emphasise that the distinctive conflicts of interest in FBs and some contingent factors (for example, intense competition in the industry) are triggers for the adoption of MAPs by FBs. Given these mixed research outcomes and the absence of a comprehensive study that demonstrates the state-of-the-art in this research stream, this paper aims to review previously reported key works to thoroughly investigate the above mentioned factors with a view to exploring the existing knowledge gap. The holistic conclusion arrived at by the study points to the fact that there seems to have a considerable impact of family involvement on business performance achieved through the application of MAPs. Nonetheless, the impact of certain heterogeneous characteristics of FBs on the application of environmental management accounting (EMA) practices, which is a sub-stream of MAPs, is yet to be explored.
format	article
author	Chamila H. Dasanayaka David F. Murphy Padmi Nagirikandalage Chamil Abeykoon
author_facet	Chamila H. Dasanayaka David F. Murphy Padmi Nagirikandalage Chamil Abeykoon
author_sort	Chamila H. Dasanayaka
title	The application of management accounting practices towards the sustainable development of family businesses: A critical review
title_short	The application of management accounting practices towards the sustainable development of family businesses: A critical review
title_full	The application of management accounting practices towards the sustainable development of family businesses: A critical review
title_fullStr	The application of management accounting practices towards the sustainable development of family businesses: A critical review
title_full_unstemmed	The application of management accounting practices towards the sustainable development of family businesses: A critical review
title_sort	application of management accounting practices towards the sustainable development of family businesses: a critical review
publisher	Elsevier
publishDate	2021
url	https://doaj.org/article/165e2c1ae31045ffaeb537b62ba4bd95
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The application of management accounting practices towards the sustainable development of family businesses: A critical review

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