e-journal

Publicly owned accounting firm consolidators: executive benefit expectations

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Purpose – The purpose of this paper is to explore the company-related benefits expected by
executives of public accounting companies consolidating accounting practices and the implications of
these expectations for company performance.
Design/methodology/approach – This paper uses a case study approach involving the review of
publicly available information and interviews with executives and senior professionals of two
Australian, publicly-owned accounting companies. Analysis of the financial performance of the two
companies was performed using data from annual reports.
Findings – Executives predominantly expected to achieve revenue growth and efficiency benefits
through consolidation and change in ownership form. In one of the cases these benefit expectations
emerged over the course of the acquisition program. The paper highlights the difficulty in estimating
and realising the magnitude, timing and associated costs of consolidation benefits and the
consequences of failure to achieve expected benefits; also it suggests advantages in a more
conservative consolidation approach.
Research limitations/implications – Care is required generalising findings to other professions
and other geographic jurisdictions.
Practical implications – This paper has implications for entrepreneurs and executives
consolidating professional service firms, partners considering selling their firms and investors in
publicly-owned professional service firms.
Originality/value – This is the first study to consider the benefits expected by executives of the
recently emerged, publicly-owned accounting companies and the associated costs of implementation.
The paper highlights opportunities for researchers provided by the availability of data for
publicly-owned accounting and other professional service firms.

Keywords Australia, Public accounting, Working practices, Organizational change, Consolidation,
Accounting innovation, Performance evaluation, Professionalization, Strategic management

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Ketersediaan

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Informasi Detail

Judul Seri

Journal of Accounting & Organizational Change

No. Panggil

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Penerbit

: Emerald Group., 2012

Deskripsi Fisik

Journal of Accounting & Organizational Change Vol. 8 No. 1, 2012 pp. 85-119

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

AKUNTANSI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

Lampiran Berkas

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