The Effect of Management Accounting Systems on Family Firm Succession

Abstract

This paper examines the impact of management accounting on business succession, focusing on business succession between parents and children. In the case of the firm discussed in this paper, it was found that the introduction of a management accounting system changed the way of thinking of the successor, and that communication through the management accounting system promoted acceptance of the successor by the employees. Furthermore, it was observed that the influence of philosophy strengthened these functions.