The Relationship Between Accounting Choice and Family Business: What Is the Role of Culture?

  • Silvia Ferramosca
  • Alessandro Ghio
Part of the Contributions to Management Science book series (MANAGEMENT SC.)


Theoretical and empirical evidence demonstrates that accounting choices are strongly influenced by national and organisational cultures. Following the discussion of previous chapter we argue that the family business constitutes a very flourishing field which is interesting to investigate particularly in terms of the role played by the culture on accounting choices. Moving from the first anthropological definitions of culture and grounding on the premises of prior literature, we develop a conceptual model on the influences of accounting and family cultures on accounting decisions. This chapter also considers accounting harmonisation and the literature on earnings management and culture. Finally, as in the previous part of the book, we close the chapter by presenting challenges and opportunities for future research, in particular on the interplay amongst family firms, accounting choices and culture.


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Authors and Affiliations

  1. 1.Department of Economics and ManagementUniversity of PisaPisaItaly
  2. 2.Department of AccountingMonash UniversityCaulfield East, MelbourneAustralia

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