Chapter 8: Accounts: Interpreting financial performance

Barbera, F. and Hasso, T. (2013) ‘Do we need to use an accountant? the sales growth and survival benefits to family SMEs’. Family Business Review, 26, 3: 271–92.

This article explores the relationship between the usage of an external accountant and family firm sales growth and survival on Australian small and medium-sized family enterprises. In finds that external accountants have a positive impact on sales growth and survival.

Esparza-Aguilar, J. L., García-Pérez-de-Lema, D., and Duréndez, A. (2015) ‘The effect of accounting information systems on the performance of Mexican micro, small and medium-sized family firms: an exploratory study for the hospitality sector’. Tourism Economics, 22, 5: 1104–20.

This study analyses how the implementation of accounting and financial information and management control systems affect the performance of family and non-family micro, small and medium-sized enterprises in the hospitality sector in Mexico.

Liu, B., Wang, J., Chan, K. C., and Fung, A. (2021). ‘The impact of entrepreneurs’s financial literacy on innovation within small and medium-sized enterprises’. International Small Business Journal39(3), 228–246.

This study analyses the impact of an entrepreneur’s financial literacy upon innovation within SMEs and, in so doing, extends human capital theory to consider the effect of financial literacy on risky investment decisions.