Accounting information as a facilitator of inter-generational transfer in family businessesthe case of an Andalusian business family
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Universidad Pablo de Olavide
info
ISSN: 1698-6989
Year of publication: 2018
Volume: 14
Issue: 1
Pages: 23-30
Type: Article
More publications in: Investigaciones de Historia Económica = Economic History Research
Abstract
This article aims at contributing to the study of the factors conducive to a successful intergenerational transfer within a family business, understood as that which favors the longevity of the family firms. The literature has pointed out how such transmissions tend to generate tensions that can threaten the survival of the family firms and business family cohesion. An analysis is made of how a long-lived family business made use of accounting information during a process of inter-generational transfer. The case studied presents evidence on how the trust in accounting information was used to facilitate this process. It is concluded that trust in accounting information contributed to the longevity of family firm and family cohesion. In other words, it guaranteed the preservation of its socio-emotional wealth
Funding information
The authors thank the finance support of Research Projects: (HAR2014-52079-C2-1-P): “Persistence and Longevity of the Family Business” (Spanish Ministry of Science and Innovation) and SEJ2678: “Andalusia Crossing cultures. A view from accounting” (Andalusia Regional Government)Funders
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Ministerio de Ciencia e Innovación
Spain
- Persistence and Longevity of the Family Business
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Junta de Andalucía
Spain
- Andalusia Crossing cultures. A view from accounting
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