
Today, a new paper appears in the European Accounting Review, written by Bernadette Bullinger, Leon Stam and myself. In the paper, we examine how a family firm professionalized after a private equity fund took over 51% of the shares. Our case illustrates the performative nature of accounting devices like budgets, and highlights how key employees can help render them taken for granted. In this blog, we highlight the key findings from our work.
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