Purpose

The purpose of this article is to comprehensively review the empirical literature on management accounting and control in family businesses and to identify future research avenues. Academic interest in the field of management accounting and control in family businesses has increased considerably during the past decade. Family businesses constitute a unique organisational form that apparently faces a lower degree of information asymmetry compared to non-family businesses. In turn, this may limit their need for management accounting and control systems. However, recent reviews of accounting in family businesses have not yet comprehensively reviewed the literature on management accounting and control. The present paper aims to close this gap.