Purpose – This article seeks to explore success factors for integrating non‐family chief financial officers (CFOs) in family firms. The integration of non‐family CFOs is of great importance to family firms, as the CFO position is often the first management position in family firms for...

Purpose – This article presents the family business-specific benefits of taking a proactive approach to using management accounting practices and information. Design/methodology/approach – The (scarce) literature on management accounting in family businesses is used to discuss the obstacles...

Purpose – This paper aims to shed light on the potential downsides of risk aversion in family firms. Moreover, it seeks to provide measures on how to balance risk taking and risk aversion in family businesses. Design/methodology/approach – The article first presents four “dark sides” of...