Accounting for family and business overlaps

Martin Quinn, Martin Hiebl, Stefania Veltri, Romilda Mazzotta

Research output: Contribution to journalArticle

Abstract

Purpose:
This paper draws on a family business perspective to explore the historic accounting records of an Italian liquorice juice business. The applicability of the three-circle model of family business systems to such an historic context is examined.
Design/Methodology/Approach:
Using archival records, the Cassa accounting book of the business is studied. Its transactions are examined to distinguish family and business items over the period from 1875 to 1920.
Findings:
Through an analysis of the accounting records, the family, ownership and business systems are shown to overlap more than typically expected in a contemporary setting.
Originality/value:
Contemporary literature suggests the three-circle model of a family business is relatively static, but it has not been applied to an historic context. This study suggests that the model can be applied in historic studies, but it is not static over time with its elements needing refinement.
LanguageEnglish
JournalJournal of Management History
Publication statusAccepted - 14 Oct 2019

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Family business
Design methodology
Family ownership

Cite this

Quinn, M., Hiebl, M., Veltri, S., & Mazzotta, R. (Accepted/In press). Accounting for family and business overlaps. Journal of Management History.
Quinn, Martin ; Hiebl, Martin ; Veltri, Stefania ; Mazzotta, Romilda. / Accounting for family and business overlaps. In: Journal of Management History. 2019.
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Accounting for family and business overlaps. / Quinn, Martin; Hiebl, Martin; Veltri, Stefania; Mazzotta, Romilda.

In: Journal of Management History, 14.10.2019.

Research output: Contribution to journalArticle

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T1 - Accounting for family and business overlaps

AU - Quinn, Martin

AU - Hiebl, Martin

AU - Veltri, Stefania

AU - Mazzotta, Romilda

PY - 2019/10/14

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N2 - Purpose:This paper draws on a family business perspective to explore the historic accounting records of an Italian liquorice juice business. The applicability of the three-circle model of family business systems to such an historic context is examined.Design/Methodology/Approach:Using archival records, the Cassa accounting book of the business is studied. Its transactions are examined to distinguish family and business items over the period from 1875 to 1920.Findings:Through an analysis of the accounting records, the family, ownership and business systems are shown to overlap more than typically expected in a contemporary setting.Originality/value:Contemporary literature suggests the three-circle model of a family business is relatively static, but it has not been applied to an historic context. This study suggests that the model can be applied in historic studies, but it is not static over time with its elements needing refinement.

AB - Purpose:This paper draws on a family business perspective to explore the historic accounting records of an Italian liquorice juice business. The applicability of the three-circle model of family business systems to such an historic context is examined.Design/Methodology/Approach:Using archival records, the Cassa accounting book of the business is studied. Its transactions are examined to distinguish family and business items over the period from 1875 to 1920.Findings:Through an analysis of the accounting records, the family, ownership and business systems are shown to overlap more than typically expected in a contemporary setting.Originality/value:Contemporary literature suggests the three-circle model of a family business is relatively static, but it has not been applied to an historic context. This study suggests that the model can be applied in historic studies, but it is not static over time with its elements needing refinement.

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JO - Journal of Management History

T2 - Journal of Management History

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SN - 1751-1348

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