Abstract
Purpose: This study analyses how family-run businesses operating in the Italian food sector faced the ongoing COVID-19 pandemic that affected the global economy, with the support of management accounting systems. Design/methodology/approach: The methodology used is based on a survey questionnaire conducted on Italian family firms involved in food business. Both qualitative and quantitative data were collected and analysed. Findings: This study categorised the companies into three groups, according to their long-term orientation and the use of management accounting tools. The results highlight proactive versus passive companies that emphasise various recovery paths from the perspective of performance. Research limitations/implications: Limitations refer to the attention on a single country and the sample size. Practical implications: The main practical implication refers to management at different levels that should better understand how a clear long-term orientation can maintain the competitive position and pre-crisis performance. Originality/value: This study examines the measures launched by companies to address challenges originating from the COVID-19 pandemic.
Original language | English |
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Journal | British Food Journal |
DOIs | |
Publication status | Accepted/In press - 2021 |
Keywords
- COVID-19
- Family firms
- Food sector
- Management accounting
- Performances
- Strategy
- Stressing event